Insider Selling: Bob’s Discount Furniture (NYSE:BOBS) Director Sells $46,504,950.00 in Stock

Bob’s Discount Furniture, Inc. (NYSE:BOBS) Director John Thomas Kilgallon sold 2,917,500 shares of Bob’s Discount Furniture stock in a transaction on Friday, February 13th. The stock was sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bob’s Discount Furniture Stock Performance

NYSE:BOBS opened at $20.00 on Thursday. Bob’s Discount Furniture, Inc. has a 12 month low of $16.47 and a 12 month high of $20.65.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Bob’s Discount Furniture to a “hold” rating in a research note on Monday.

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.