Key Points
- Insider buying: William Barton bought 22,150 shares of Bob's Discount Furniture at $13.56 each, totaling about $300,354, and now directly owns 22,150 shares.
- Recent earnings missed estimates: The company reported quarterly EPS of $0.09, below the $0.21 consensus, even though revenue rose 8.5% year over year to $578.1 million.
- Analyst outlook remains mixed but positive: Wall Street currently has a consensus Moderate Buy rating with a target price of $22.92, though several firms have recently lowered their price targets.
Bob's Discount Furniture, Inc. (NYSE:BOBS - Get Free Report) insider William Barton purchased 22,150 shares of the company's stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $13.56 per share, for a total transaction of $300,354.00. Following the completion of the transaction, the insider directly owned 22,150 shares of the company's stock, valued at approximately $300,354. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Bob's Discount Furniture Stock Performance
NYSE BOBS opened at $12.46 on Wednesday. The stock's fifty day moving average price is $13.10. 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 posted its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12). The business had revenue of $578.10 million for the quarter. During the same quarter last year, the company earned $0.13 EPS. Bob's Discount Furniture's revenue was up 8.5% on a year-over-year basis.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Bob's Discount Furniture from $29.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 18th. Wall Street Zen raised shares of Bob's Discount Furniture to a "hold" rating in a research report on Monday, February 16th. KeyCorp assumed coverage on shares of Bob's Discount Furniture in a research report on Monday, March 2nd. They set an "overweight" rating and a $28.00 price target on the stock. Royal Bank Of Canada dropped their price target on shares of Bob's Discount Furniture from $25.00 to $18.00 and set an "outperform" rating on the stock in a research report on Monday, May 4th. Finally, UBS Group dropped 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. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Bob's Discount Furniture currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.92.
Check Out Our Latest Report on BOBS
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.
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