Bob’s Discount Furniture (NYSE:BOBS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bob’s Discount Furniture (NYSE:BOBS) to a hold rating in a research note issued to investors on Monday morning.

Bob’s Discount Furniture Stock Performance

Shares of BOBS stock opened at $20.00 on Monday. Bob’s Discount Furniture has a 1 year low of $16.47 and a 1 year high of $20.65.

Insider Buying and Selling at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, Director John Thomas Kilgallon 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 value of $46,504,950.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.20% of the company’s stock.

Bob’s Discount Furniture Company Profile

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.