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

Analysts at DA Davidson assumed coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a note issued to investors on Monday,Benzinga reports. The firm set a “buy” rating and a $26.00 price target on the stock. DA Davidson’s target price would indicate a potential upside of 18.18% from the company’s previous close.

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

Bob’s Discount Furniture Stock Up 6.4%

Shares of Bob’s Discount Furniture stock opened at $22.00 on Monday. Bob’s Discount Furniture has a 52 week low of $16.47 and a 52 week high of $22.15.

Insider Buying and Selling at Bob’s Discount Furniture

In other news, Director John Thomas Kilgallon sold 2,917,500 shares of the company’s stock in a transaction on 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 in the company, valued at $1,520,209,770.94. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the firm’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 transaction, the director directly owned 95,370,751 shares in the company, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.