Bob’s Discount Furniture (NYSE:BOBS) Coverage Initiated at Craig Hallum

Investment analysts at Craig Hallum assumed coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $21.00 price target on the stock. Craig Hallum’s price target would indicate a potential upside of 87.25% from the company’s current price.

BOBS has been the subject of several other reports. KeyCorp began coverage on shares of Bob’s Discount Furniture in a research note on Monday, March 2nd. They issued an “overweight” rating and a $28.00 target price for the company. Wall Street Zen upgraded shares of Bob’s Discount Furniture to a “hold” rating in a report on Monday, February 16th. The Goldman Sachs Group began coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They issued a “neutral” rating and a $25.00 price objective for the company. Zacks Research upgraded Bob’s Discount Furniture to a “hold” rating in a research note on Tuesday, March 3rd. Finally, UBS Group lowered Bob’s Discount Furniture to a “buy” rating and set a $27.00 target price on the stock. in a research report on Monday, March 2nd. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.67.

Bob’s Discount Furniture Stock Performance

Shares of NYSE:BOBS opened at $11.22 on Wednesday. Bob’s Discount Furniture has a one year low of $10.20 and a one year high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last released its quarterly earnings results on Tuesday, March 17th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. The company had revenue of $648.83 million during the quarter, compared to analysts’ expectations of $647.49 million. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year.

Insiders Place Their Bets

In other Bob’s Discount Furniture news, Director Jennifer Lynn Davis sold 2,917,500 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the completion of the transaction, the director directly owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. This trade represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Thomas Kilgallon sold 2,917,500 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the completion of the sale, the director directly owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by insiders.

Bob’s Discount Furniture Company Profile

Bob’s Discount Furniture (NYSE: BOBS) is a U.S.-based specialty retailer of residential furniture and home furnishings. The company operates a network of company-owned showrooms alongside an e-commerce platform to sell living room, bedroom and dining furniture, mattresses, home office pieces, and decorative accessories. Its merchandising and marketing emphasize value-oriented pricing and broad selection across mainstream categories.

In addition to merchandise sales, Bob’s Discount Furniture offers services commonly associated with full-service furniture retail, including delivery, white-glove setup in some markets, and consumer financing options.