1,049,247 Shares in Bob's Discount Furniture, Inc. $BOBS Bought by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group bought 1,049,247 shares of Bob’s Discount Furniture in the second quarter, worth approximately $16.6 million and representing about 0.8% of the company. Penn Capital Management also acquired a new stake valued at roughly $423,000.
• Bob’s Discount Furniture reported quarterly EPS of $0.20, matching analyst expectations, on revenue of $619.57 million. Analysts expect full-year EPS of approximately $0.93.
• The stock opened at $16.86, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $24.00; recent targets range from $19 to $24.

Alyeska Investment Group L.P. purchased a new stake in Bob's Discount Furniture, Inc. (NYSE:BOBS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,049,247 shares of the company's stock, valued at approximately $16,599,000. Alyeska Investment Group L.P. owned approximately 0.80% of Bob's Discount Furniture as of its most recent SEC filing.

Separately, Penn Capital Management Company LLC purchased a new stake in shares of Bob's Discount Furniture in the 2nd quarter worth about $423,000.

Bob's Discount Furniture Price Performance

NYSE:BOBS opened at $16.86 on Tuesday. The stock has a 50-day simple moving average of $16.74. The stock has a market cap of $2.20 billion and a P/E ratio of 26.34. The company has a quick ratio of 0.28, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Bob's Discount Furniture, Inc. has a 1-year low of $9.73 and a 1-year high of $23.49.

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

Analysts Set New Price Targets

BOBS has been the topic of several research analyst reports. UBS Group reduced their price target on shares of 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. 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. Robert W. Baird set a $19.00 price objective on Bob's Discount Furniture in a research report on Friday, August 7th. Royal Bank Of Canada upped their target price on Bob's Discount Furniture from $19.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised Bob's Discount Furniture from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.00.

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.

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