Bank of America Begins Coverage on Bob’s Discount Furniture (NYSE:BOBS)

Analysts at Bank of America started coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a research report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $28.00 price target on the stock. Bank of America‘s price target suggests a potential upside of 32.01% from the stock’s current price.

BOBS has been the subject of a number of other reports. UBS Group cut shares of Bob’s Discount Furniture to a “buy” rating in a research note on Monday. Wall Street Zen raised shares of Bob’s Discount Furniture to a “hold” rating in a research note on Monday, February 16th. Royal Bank Of Canada assumed coverage on Bob’s Discount Furniture in a report on Monday. They set an “outperform” rating and a $26.00 target price on the stock. The Goldman Sachs Group assumed coverage on Bob’s Discount Furniture in a research note on Monday. They set a “neutral” rating and a $25.00 price target for the company. Finally, DA Davidson assumed coverage on Bob’s Discount Furniture in a research note on Monday, February 23rd. They issued a “buy” rating and a $26.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.79.

Bob’s Discount Furniture Stock Down 0.1%

BOBS opened at $21.21 on Monday. Bob’s Discount Furniture has a fifty-two week low of $16.47 and a fifty-two week high of $23.49.

Insider Buying and Selling

In other news, 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 value of $46,504,950.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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. 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.

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.