Bob's Discount Furniture (NYSE:BOBS) Stock Price Target Raised at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on Bob’s Discount Furniture from $22 to $25 and maintained an “overweight” rating, implying roughly 29% upside from the share price cited in the report.
• Analyst sentiment is broadly positive: 11 analysts rate the stock Buy and four rate it Hold, for a consensus “Moderate Buy” rating and a $23.67 average price target.
• The company reported quarterly EPS of $0.28, in line with estimates, while revenue rose 10.3% year over year to $680.44 million.

Bob's Discount Furniture (NYSE:BOBS - Get Free Report) had its target price increased by equities researchers at JPMorgan Chase & Co. from $22.00 to $25.00 in a research note issued on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 29.29% from the company's current price.

BOBS has been the topic of a number of other reports. Evercore set a $18.00 price objective on shares of Bob's Discount Furniture in a report on Tuesday, October 13th. Royal Bank Of Canada cut their price objective on shares of Bob's Discount Furniture from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Friday. Robert W. Baird set a $19.00 target price on shares of Bob's Discount Furniture in a report on Friday, August 7th. Finally, Weiss Ratings raised shares of Bob's Discount Furniture from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.67.

Bob's Discount Furniture Stock Performance

Shares of Bob's Discount Furniture stock opened at $19.34 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.28. The firm has a market cap of $2.53 billion and a price-to-earnings ratio of 17.42. The stock's 50-day moving average is $15.50 and its 200-day moving average is $15.05. Bob's Discount Furniture has a one year low of $9.73 and a one year high of $23.49.

Bob's Discount Furniture (NYSE:BOBS - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. Bob's Discount Furniture had a return on equity of 30.04% and a net margin of 5.66%. The business had revenue of $680.44 million for the quarter. During the same period in the prior year, the business posted $0.29 EPS. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts predict that Bob's Discount Furniture will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Bob's Discount Furniture

Several institutional investors and hedge funds have recently bought and sold shares of the stock. William Blair Investment Management LLC acquired a new position in shares of Bob's Discount Furniture during the 3rd quarter worth approximately $33,165,000. Alyeska Investment Group L.P. acquired a new stake in shares of Bob's Discount Furniture in the 2nd quarter valued at approximately $16,599,000. State Street Corp acquired a new stake in shares of Bob's Discount Furniture in the 2nd quarter valued at approximately $4,683,000. HBK Investments L P bought a new position in shares of Bob's Discount Furniture in the second quarter valued at $3,955,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Bob's Discount Furniture by 4,192.1% in the third quarter. Russell Investments Group Ltd. now owns 67,343 shares of the company's stock valued at $933,000 after buying an additional 65,774 shares in the last quarter.

Bob's Discount Furniture Company Profile

Bob's Discount Furniture is a U.S. furniture retailer that sells a broad selection of furniture and home furnishings at value-oriented prices. Its merchandise includes living room, bedroom, dining room and home office furniture, as well as mattresses, rugs, lighting, décor and other household products.

The company was founded in 1991 by Robert “Bob” Kaufman in Newington, Connecticut. Bob's operates an omnichannel retail model that combines a network of showrooms with online shopping and related delivery and service capabilities.

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