Bob’s Discount Furniture (NYSE:BOBS) Now Covered by Robert W. Baird

Investment analysts at Robert W. Baird began coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a note issued to investors on Monday,Benzinga reports. The firm set a “neutral” rating and a $22.00 price target on the stock. Robert W. Baird’s target price points to a potential upside of 3.72% from the stock’s current price.

A number of other research analysts also recently commented on the stock. DA Davidson started coverage on shares of Bob’s Discount Furniture in a research report on Monday, February 23rd. They set a “buy” rating and a $26.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Bob’s Discount Furniture in a research note on Monday. They set a “neutral” rating and a $25.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Bob’s Discount Furniture in a research note on Monday. They issued an “overweight” rating and a $25.50 price objective for the company. KeyCorp started coverage on Bob’s Discount Furniture in a report on Monday. They set an “overweight” rating and a $28.00 target price for the company. Finally, Bank of America assumed coverage on Bob’s Discount Furniture in a report on Monday. They issued a “buy” rating and a $28.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.79.

Bob’s Discount Furniture Stock Performance

Shares of 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.

Insiders Place Their Bets

In related news, Director John Thomas Kilgallon sold 2,917,500 shares of the business’s 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 transaction, the director directly owned 95,370,751 shares in the company, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the company’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 in the company, valued at $1,520,209,770.94. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is owned by company insiders.

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.