Bob’s Discount Furniture (NYSE:BOBS) Coverage Initiated by Analysts at DA Davidson

DA Davidson assumed coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $26.00 target price on the stock.

Separately, Wall Street Zen raised shares of Bob’s Discount Furniture to a “hold” rating in a research note on Monday, February 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Bob’s Discount Furniture currently has a consensus rating of “Buy” and a consensus target price of $26.00.

Bob’s Discount Furniture Stock Performance

Bob’s Discount Furniture stock opened at $21.86 on Monday. Bob’s Discount Furniture has a fifty-two week low of $16.47 and a fifty-two week high of $22.93.

Insider Buying and Selling at Bob’s Discount Furniture

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