Bob's Discount Furniture, Inc. (NYSE:BOBS) Stock Has Average Target Price of $24.00 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on Bob’s Discount Furniture, with 11 buy ratings and 4 holds among 15 analysts. The average 12-month price target is $24.00, above the stock’s reported $14.18 price.
• Institutional investors showed strong interest in the second quarter, led by Alyeska Investment Group’s $16.6 million position, along with new stakes from State Street, HBK Investments and others.
• Bob’s reported quarterly EPS of $0.20, matching analyst expectations, on revenue of $619.57 million. Shares have traded between $9.73 and $23.49 over the past year, with a market capitalization of approximately $1.85 billion.

Shares of Bob's Discount Furniture, Inc. (NYSE:BOBS - Get Free Report) have received a consensus rating of "Moderate Buy" from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $24.00.

BOBS has been the subject of a number of recent analyst reports. Robert W. Baird set a $19.00 price target on shares of Bob's Discount Furniture in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Bob's Discount Furniture from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, August 17th. Evercore restated an "outperform" rating and issued a $20.00 price objective on shares of Bob's Discount Furniture in a report on Friday, August 7th. Finally, Royal Bank Of Canada increased their price objective on shares of Bob's Discount Furniture from $19.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new position in shares of Bob's Discount Furniture during the second quarter worth $16,599,000. State Street Corp acquired a new stake in shares of Bob's Discount Furniture in the second quarter valued at $4,683,000. HBK Investments L P acquired a new stake in shares of Bob's Discount Furniture in the second quarter valued at $3,955,000. Bank of New York Mellon Corp purchased a new stake in shares of Bob's Discount Furniture in the 2nd quarter valued at $700,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Bob's Discount Furniture in the 2nd quarter valued at $423,000.

Bob's Discount Furniture Stock Performance

NYSE BOBS opened at $14.18 on Tuesday. The stock has a fifty day simple moving average of $16.24 and a 200-day simple moving average of $14.35. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.85 billion and a PE ratio of 22.15. Bob's Discount Furniture has a twelve month low of $9.73 and a twelve month high of $23.49.

Bob's Discount Furniture (NYSE:BOBS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $619.57 million during the quarter. Equities analysts anticipate that Bob's Discount Furniture will post 0.93 earnings per share for the current year.

Bob's Discount Furniture Company Profile

Bob's Discount Furniture NYSE: BOBS is a U.S. furniture retailer that sells value-oriented furniture and home furnishings through its retail stores and e-commerce platform. The company serves residential customers seeking affordable products for a range of rooms and home settings.

Its merchandise includes living room, bedroom, dining room, home office and children's furniture, as well as mattresses, rugs, lighting, décor and other home accessories. Bob's also provides related services such as furniture delivery, assembly and financing options, subject to applicable terms.

Founded in 1991 by Robert “Bob” Kaufman, the company is headquartered in Manchester, Connecticut, and operates primarily across the United States, with a retail presence concentrated in the Northeast, Mid-Atlantic, Midwest and other regions.

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