Bob’s Discount Furniture (NYSE:BOBS) Director Jennifer Lynn Davis Sells 2,917,500 Shares

Bob’s Discount Furniture, Inc. (NYSE:BOBS) Director Jennifer Lynn Davis 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 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Bob’s Discount Furniture Price Performance

Shares of BOBS stock opened at $20.08 on Tuesday.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Bob’s Discount Furniture to a “hold” rating in a research note on Monday.

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.