Bob’s Discount Furniture (NYSE:BOBS) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. started coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a research note issued to investors on Monday,Benzinga reports. The firm set an “overweight” rating and a $29.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 36.73% from the company’s previous close.

A number of other research analysts have also recently weighed in on BOBS. Morgan Stanley started coverage on shares of Bob’s Discount Furniture in a research note on Monday. They issued an “overweight” rating and a $25.50 target price on the stock. Robert W. Baird began coverage on shares of Bob’s Discount Furniture in a report on Monday. They issued a “neutral” rating and a $22.00 price target on the stock. Royal Bank Of Canada assumed coverage on Bob’s Discount Furniture in a research note on Monday. They issued an “outperform” rating and a $26.00 price objective on the stock. KeyCorp began coverage on Bob’s Discount Furniture in a report on Monday. They set an “overweight” rating and a $28.00 price objective for the company. Finally, Wall Street Zen raised Bob’s Discount Furniture to a “hold” rating in a research report on Monday, February 16th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.19.

Bob’s Discount Furniture Stock Down 0.1%

Shares of NYSE:BOBS opened at $21.21 on Monday. Bob’s Discount Furniture has a fifty-two week low of $16.47 and a fifty-two week high of $23.49.

Insider Activity at Bob’s Discount Furniture

In other news, Director John Thomas Kilgallon sold 2,917,500 shares of the firm’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 of the company’s stock, valued at $1,520,209,770.94. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of Bob’s Discount Furniture 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 transaction, the director owned 95,370,751 shares of the company’s stock, valued at approximately $1,520,209,770.94. This trade represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by company insiders.

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.