Bob’s Discount Furniture (NYSE:BOBS) Stock Price Target Lowered at Royal Bank Of Canada

Bob’s Discount Furniture (NYSE:BOBS) had its target price decreased by Royal Bank Of Canada from $22.00 to $21.00 in a research note released on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms also recently commented on BOBS. Evercore set a $18.00 price target on shares of Bob’s Discount Furniture in a research note on Tuesday, October 13th. Weiss Ratings raised shares of Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Finally, Robert W. Baird set a $19.00 target price on shares of Bob’s Discount Furniture in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Bob’s Discount Furniture currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Bob’s Discount Furniture Trading Down 0.7%

Bob’s Discount Furniture stock traded down $0.13 during mid-day trading on Friday, hitting $19.34. The company’s stock had a trading volume of 3,015,696 shares, compared to its average volume of 656,872. The company has a 50 day moving average of $15.50 and a 200-day moving average of $15.05. The stock has a market cap of $2.53 billion and a PE ratio of 17.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.28 and a current ratio of 0.90. 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 released its earnings results on Thursday, November 5th. The company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $680.44 million for the quarter. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. On average, research analysts anticipate that Bob’s Discount Furniture will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Bob’s Discount Furniture

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Bob’s Discount Furniture during the third quarter valued at $93,000. Readystate Asset Management LP bought a new position in Bob’s Discount Furniture during the 2nd quarter worth about $237,000. Penn Capital Management Company LLC bought a new position in Bob’s Discount Furniture during the 2nd quarter worth about $423,000. Bank of New York Mellon Corp purchased a new position in Bob’s Discount Furniture during the 2nd quarter valued at about $700,000. Finally, Russell Investments Group Ltd. increased its position in Bob’s Discount Furniture by 4,192.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,343 shares of the company’s stock valued at $933,000 after purchasing an additional 65,774 shares during the period.

Trending Headlines about Bob’s Discount Furniture

Here are the key news stories impacting Bob’s Discount Furniture this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Bob’s reported adjusted EPS of $0.31, beating estimates by $0.04, and revenue of $680.4 million, $14.19 million above estimates. Revenue grew 10.3% year over year, a strong sales trend that may support investor confidence. Read More.
• Positive Sentiment: 2026 outlook held; 2027 unit growth planned. The company maintained its 2026 revenue forecast of $2.6 billion–$2.63 billion and projects 10% unit growth in 2027, signaling continued expansion. Read More.
• Neutral Sentiment: Fuel costs remain a headwind. The company cited fuel-related pressure alongside its growth plans, which could weigh on costs even as it maintains its revenue outlook. Read More.
• Negative Sentiment: RBC trimmed its price target. Royal Bank of Canada lowered its target from $22 to $21, potentially tempering enthusiasm. It kept an “outperform” rating, however, and the revised target still implies upside from the cited share price. Read More.

About Bob’s Discount Furniture

Bob’s Discount Furniture is a U.S. furniture retailer that sells a broad selection of furniture and home furnishings at value-oriented prices. Its merchandise includes living room, bedroom, dining room and home office furniture, as well as mattresses, rugs, lighting, décor and other household products.

The company was founded in 1991 by Robert “Bob” Kaufman in Newington, Connecticut. Bob’s operates an omnichannel retail model that combines a network of showrooms with online shopping and related delivery and service capabilities.