Bob's Discount Furniture, Inc. (NYSE:BOBS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately bullish: Of 15 analysts covering Bob’s Discount Furniture, 11 rate it a buy, three a hold, and one a sell. The average 12-month price target is $22.92 versus the reported share price of $16.82.
• Recent earnings missed expectations: The company reported quarterly EPS of $0.09, below the $0.21 consensus estimate, while revenue rose 8.5% year over year to $578.1 million.
• Price targets were reduced by several firms, including UBS and RBC, although both retained positive ratings. Insider William G. Barton also purchased 22,150 shares at an average price of $13.56.

Shares of Bob's Discount Furniture, Inc. (NYSE:BOBS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.9167.

Several analysts recently commented on BOBS shares. UBS Group lowered their target price on Bob's Discount Furniture from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada decreased their price target on Bob's Discount Furniture from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Monday, May 4th. Robert W. Baird set a $14.00 price target on Bob's Discount Furniture in a report on Friday, May 8th. Craig Hallum started coverage on shares of Bob's Discount Furniture in a research note on Wednesday, April 1st. They set a "buy" rating and a $21.00 price objective on the stock. Finally, Evercore reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Bob's Discount Furniture in a report on Friday, May 8th.

Bob's Discount Furniture Stock Performance

Shares of NYSE:BOBS opened at $16.82 on Thursday. The firm has a 50-day moving average price of $14.46. The company has a market cap of $2.20 billion and a P/E ratio of 38.24. Bob's Discount Furniture has a fifty-two week low of $9.73 and a fifty-two week high of $23.49.

Bob's Discount Furniture (NYSE:BOBS - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). The business had revenue of $578.10 million for the quarter. The company's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share.

Insider Activity at Bob's Discount Furniture

In related news, insider William G. Barton purchased 22,150 shares of Bob's Discount Furniture stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $13.56 per share, with a total value of $300,354.00. Following the purchase, the insider owned 22,150 shares in the company, valued at approximately $300,354. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.20% of the company's stock.

About Bob's Discount Furniture

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source