Bob's Discount Furniture (NYSE:BOBS) Trading Up 15% - Should You Buy?

Key Points

• Shares jumped 15% to about $11.32 on Thursday on light volume (≈346,985 shares, down 71% from average) even though the company missed Q1 EPS ($0.09 vs. $0.21) while revenue rose 8.5% YoY to $578.1M.
• Analysts remain mostly positive with a consensus rating of "Moderate Buy" (11 Buys, 3 Holds) and an average price target of $23.83, though several firms have trimmed targets recently and a few initiated $28 views.
• Significant insider selling occurred: two directors each sold 2,917,500 shares at $15.94 (combined ≈5.835M shares, ≈$93.0M), and company insiders now own about 3.20% of the stock.

Shares of Bob's Discount Furniture, Inc. (NYSE:BOBS - Get Free Report) were up 15% on Thursday . The stock traded as high as $11.70 and last traded at $11.3230. Approximately 346,985 shares changed hands during trading, a decline of 71% from the average daily volume of 1,198,667 shares. The stock had previously closed at $9.85.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BOBS shares. UBS Group cut their price target on Bob's Discount Furniture from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday. Loop Capital initiated coverage on Bob's Discount Furniture in a research note on Monday, March 2nd. They issued a "buy" rating and a $28.00 target price for the company. Bank of America initiated coverage on Bob's Discount Furniture in a research note on Monday, March 2nd. They issued a "buy" rating and a $28.00 target price for the company. Morgan Stanley cut their target price on Bob's Discount Furniture from $25.50 to $23.00 and set an "overweight" rating for the company in a research note on Wednesday, March 18th. Finally, Zacks Research upgraded Bob's Discount Furniture to a "hold" rating in a research note on Tuesday, March 3rd. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.83.

Bob's Discount Furniture Price Performance

The firm's fifty day moving average price is $13.78.

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

Insider Activity

In other Bob's Discount Furniture news, Director John Thomas Kilgallon sold 2,917,500 shares of the firm's stock in a transaction dated 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 sale, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the firm's stock in a transaction dated Friday, February 13th. The shares were 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 directly owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. The trade was a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.