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

Key Points

• Analysts rate BOBS a "Moderate Buy" — 13 analysts cover the stock (10 buy, 3 hold) with an average 12‑month price target of $25.00.
• Large insider sales: two directors each sold 2,917,500 shares at $15.94 on Feb 13 (~$46.5M each), and insiders now own 3.20% of the company.
• Bob's beat the quarter with EPS $0.35 vs. $0.11 estimate and revenue $648.8M (+8.2% YoY), yet the stock opened at $10.62 (near its 1‑year low of $10.61) despite much higher analyst targets.

Bob's Discount Furniture, Inc. (NYSE:BOBS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $25.00.

A number of equities analysts recently commented on BOBS shares. Morgan Stanley dropped their price objective on Bob's Discount Furniture from $25.50 to $23.00 and set an "overweight" rating on the stock in a report on Wednesday, March 18th. Royal Bank Of Canada decreased their target price on shares of Bob's Discount Furniture from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, March 18th. UBS Group lowered shares of Bob's Discount Furniture to a "buy" rating and set a $27.00 price target on the stock. in a research note on Monday, March 2nd. Evercore assumed coverage on shares of Bob's Discount Furniture in a report on Monday, March 2nd. They set an "outperform" rating and a $25.00 price target on the stock. Finally, Raymond James Financial upgraded shares of Bob's Discount Furniture to a "moderate buy" rating in a report on Monday, March 2nd.

Insider Transactions at Bob's Discount Furniture

In related news, Director John Thomas Kilgallon sold 2,917,500 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $15.94, for a total value of $46,504,950.00. Following the transaction, the director directly owned 95,370,751 shares of the company's stock, valued at approximately $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 accessible through this link. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $15.94, for a total value of $46,504,950.00. Following the completion of the sale, the director owned 95,370,751 shares of the company's stock, valued at approximately $1,520,209,770.94. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is owned by insiders.

Bob's Discount Furniture Price Performance

BOBS opened at $10.62 on Friday. Bob's Discount Furniture has a 1 year low of $10.61 and a 1 year high of $23.49.

Bob's Discount Furniture (NYSE:BOBS - Get Free Report) last issued its earnings results on Tuesday, March 17th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.24. The firm had revenue of $648.83 million during the quarter, compared to analyst estimates of $647.49 million. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share.

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.

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.