Bob’s Discount Furniture, Inc. (NYSE:BOBS) Given Consensus Rating of “Moderate Buy” by Brokerages

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

A number of equities research analysts have recently commented on BOBS shares. DA Davidson reduced their target price on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Raymond James Financial raised shares of Bob’s Discount Furniture to a “moderate buy” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of Bob’s Discount Furniture to a “hold” rating in a report on Monday, February 16th. Weiss Ratings assumed coverage on shares of Bob’s Discount Furniture in a report on Thursday, May 14th. They set a “sell (d)” rating for the company. Finally, UBS Group cut their price target on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, May 5th.

Bob’s Discount Furniture Price Performance

Shares of NYSE:BOBS opened at $12.48 on Wednesday. The company has a 50-day simple moving average of $11.92. Bob’s Discount Furniture has a one year low of $9.73 and a one year high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last announced its earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The firm had revenue of $578.10 million for the quarter. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year.

Insider Activity

In related news, insider William G. Barton purchased 22,150 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $13.56 per share, for a total transaction of $300,354.00. Following the acquisition, the insider directly owned 22,150 shares of the company’s stock, valued at $300,354. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is owned by corporate insiders.

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.