Bob’s Discount Furniture (NYSE:BOBS) Stock Price Down 4.8% – Should You Sell?

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) were down 4.8% during trading on Monday . The stock traded as low as $12.38 and last traded at $12.39. Approximately 232,855 shares traded hands during trading, a decline of 81% from the average daily volume of 1,230,515 shares. The stock had previously closed at $13.02.

Wall Street Analyst Weigh In

Several analysts recently commented on BOBS shares. KeyCorp started coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They set an “overweight” rating and a $28.00 target price for the company. Raymond James Financial raised shares of Bob’s Discount Furniture to a “moderate buy” rating in a report on Monday, March 2nd. 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. Zacks Research raised shares of Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Finally, Evercore started coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They set an “outperform” rating and a $25.00 target price for the company. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Bob’s Discount Furniture Stock Performance

The stock’s fifty day moving average price is $15.32.

Bob’s Discount Furniture (NYSE:BOBS) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.24. The business had revenue of $648.83 million during the quarter, compared to the consensus estimate of $647.49 million. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS.

Insider Transactions at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, Director John Thomas Kilgallon sold 2,917,500 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $15.94, for a total value of $46,504,950.00. Following the completion of the sale, the director owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the completion of the sale, the director directly owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.20% of the company’s stock.

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.