Bob’s Discount Furniture, Inc. (NYSE:BOBS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $26.00.

Several research analysts have recently commented on the company. UBS Group downgraded Bob’s Discount Furniture to a “buy” rating in a research note on Monday. KeyCorp assumed coverage on shares of Bob’s Discount Furniture in a research report on Monday. They set an “overweight” rating for the company. The Goldman Sachs Group started coverage on shares of Bob’s Discount Furniture in a report on Monday. They issued a “neutral” rating and a $25.00 price objective on the stock. DA Davidson assumed coverage on shares of Bob’s Discount Furniture in a research note on Monday, February 23rd. They set a “buy” rating and a $26.00 target price for the company. Finally, Royal Bank Of Canada began coverage on shares of Bob’s Discount Furniture in a research note on Monday. They issued an “outperform” rating and a $26.00 price target on the stock.

Insider Activity at Bob’s Discount Furniture

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

Bob’s Discount Furniture Trading Down 0.1%

Shares of NYSE:BOBS opened at $21.21 on Monday. Bob’s Discount Furniture has a 52-week low of $16.47 and a 52-week high of $23.49.

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.