Bob’s Discount Furniture (NYSE:BOBS) Trading Down 7.9% – Should You Sell?

by · The Markets Daily

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS – Get Free Report) were down 7.9% on Monday . The company traded as low as $12.53 and last traded at $12.5310. Approximately 140,681 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,219,786 shares. The stock had previously closed at $13.60.

Analysts Set New Price Targets

A number of research analysts have weighed in on BOBS shares. Morgan Stanley lowered their target price 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. Robert W. Baird set a $14.00 target price on Bob’s Discount Furniture in a report on Friday, May 8th. The Goldman Sachs Group started coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They issued a “neutral” rating and a $25.00 target price on the stock. Zacks Research raised Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, March 18th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.92.

Get Our Latest Stock Report on BOBS

Bob’s Discount Furniture Stock Down 7.8%

The company has a 50 day moving average price of $11.77.

Bob’s Discount Furniture (NYSE:BOBS – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). The firm had revenue of $578.10 million during the quarter. During the same period in the prior year, the company earned $0.13 EPS. Bob’s Discount Furniture’s quarterly revenue was up 8.5% compared to the same quarter last year.

Insider Activity at Bob’s Discount Furniture

In related news, insider William G. Barton acquired 22,150 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $13.56 per share, with a total value of $300,354.00. Following the completion of the purchase, the insider directly owned 22,150 shares of the company’s stock, valued at $300,354. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by company insiders.

About Bob’s Discount Furniture

(Get Free Report)

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.

Featured Stories