Bob’s Discount Furniture (NYSE:BOBS) Now Covered by JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a note issued to investors on Monday,Benzinga reports. The firm set an “overweight” rating and a $29.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 36.73% from the company’s current price.

BOBS has been the subject of several other research reports. The Goldman Sachs Group assumed coverage on Bob’s Discount Furniture in a report on Monday. They set a “neutral” rating and a $25.00 price objective for the company. Royal Bank Of Canada initiated coverage on shares of Bob’s Discount Furniture in a research report on Monday. They issued an “outperform” rating and a $26.00 price target for the company. DA Davidson started coverage on shares of Bob’s Discount Furniture in a research note on Monday, February 23rd. They set a “buy” rating and a $26.00 price target for the company. Morgan Stanley began 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 on the stock. Finally, Wall Street Zen upgraded shares of Bob’s Discount Furniture to a “hold” rating in a report on Monday, February 16th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bob’s Discount Furniture has a consensus rating of “Moderate Buy” and a consensus target price of $26.19.

Bob’s Discount Furniture Price Performance

Shares of Bob’s Discount Furniture stock opened at $21.21 on Monday. Bob’s Discount Furniture has a one year low of $16.47 and a one year high of $23.49.

Insider Buying and Selling at Bob’s Discount Furniture

In other news, 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 value of $46,504,950.00. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Thomas Kilgallon 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate 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.