Robert W. Baird Initiates Coverage on Bob’s Discount Furniture (NYSE:BOBS)

Robert W. Baird assumed coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a research note issued to investors on Monday,Benzinga reports. The brokerage set a “neutral” rating and a $22.00 price target on the stock. Robert W. Baird’s price target suggests a potential upside of 3.72% from the company’s previous close.

A number of other equities analysts have also weighed in on BOBS. Wall Street Zen upgraded shares of Bob’s Discount Furniture to a “hold” rating in a research report on Monday, February 16th. Bank of America began coverage on shares of Bob’s Discount Furniture in a research note on Monday. They set a “buy” rating and a $28.00 target price on the stock. KeyCorp began coverage on Bob’s Discount Furniture in a research note on Monday. They issued an “overweight” rating and a $28.00 price target for the company. DA Davidson assumed coverage on Bob’s Discount Furniture in a report on Monday, February 23rd. They set a “buy” rating and a $26.00 price target on the stock. Finally, Morgan Stanley began coverage on Bob’s Discount Furniture in a research report on Monday. They issued an “overweight” rating and a $25.50 price objective on the stock. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.79.

Bob’s Discount Furniture Trading Down 0.1%

Bob’s Discount Furniture stock opened at $21.21 on Monday. Bob’s Discount Furniture has a 12-month low of $16.47 and a 12-month high of $23.49.

Insider Activity at Bob’s Discount Furniture

In other news, Director Jennifer Lynn Davis 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Thomas Kilgallon sold 2,917,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 95,370,751 shares of the company’s stock, valued at approximately $1,520,209,770.94. The trade was a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.