Bob’s Discount Furniture (NYSE:BOBS) Shares Down 5.4% – Should You Sell?

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) dropped 5.4% during mid-day trading on Tuesday . The company traded as low as $15.54 and last traded at $15.4890. Approximately 344,908 shares traded hands during trading, a decline of 70% from the average session volume of 1,151,717 shares. The stock had previously closed at $16.37.

Wall Street Analyst Weigh In

Several brokerages recently commented on BOBS. Robert W. Baird set a $14.00 price objective on shares of Bob’s Discount Furniture in a research note on Friday, May 8th. Royal Bank Of Canada lowered their price target on shares of Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Craig Hallum assumed coverage on Bob’s Discount Furniture in a research note on Wednesday, April 1st. They issued a “buy” rating and a $21.00 price target for the company. UBS Group cut their price objective on Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings assumed coverage on Bob’s Discount Furniture in a research report on Thursday, May 14th. They set a “sell (d)” rating on the stock. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bob’s Discount Furniture presently has an average rating of “Moderate Buy” and a consensus price target of $22.92.

Bob’s Discount Furniture Trading Up 0.2%

The business’s fifty day moving average is $14.05. The firm has a market cap of $2.03 billion and a price-to-earnings ratio of 35.35.

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

Insider Buying and Selling at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, insider William G. Barton acquired 22,150 shares of Bob’s Discount Furniture stock in a transaction that occurred on Friday, May 8th. The shares were bought 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 in the company, valued at $300,354. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.

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.