DA Davidson Begins Coverage on Bob’s Discount Furniture (NYSE:BOBS)

Research analysts at DA Davidson assumed coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $26.00 price target on the stock. DA Davidson’s price target indicates a potential upside of 18.18% from the stock’s current price.

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

Bob’s Discount Furniture Stock Performance

Shares of Bob’s Discount Furniture stock opened at $22.00 on Monday. Bob’s Discount Furniture has a 1 year low of $16.47 and a 1 year high of $22.15.

Insider Activity

In other Bob’s Discount Furniture news, Director John Thomas Kilgallon sold 2,917,500 shares of the 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 completion of the transaction, the director owned 95,370,751 shares in the company, valued at $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 available through this link. 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 sale, the director directly 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 position. The disclosure for this sale is available in the SEC filing. Company 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.