Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.00.

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

Insider Activity at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, Director John Thomas Kilgallon 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 sale, the director directly owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 95,370,751 shares of the company’s stock, valued at $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. Corporate insiders own 3.20% of the company’s stock.

Bob’s Discount Furniture Stock 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.

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.