Key Points
- Director Jennifer Lynn Davis sold 2,917,500 shares of Bob's Discount Furniture at an average price of $15.94 on Feb. 13, generating $46,504,950 in proceeds.
- Following the sale she still owns 95,370,751 shares (a 2.97% reduction) valued at roughly $1.52 billion; BOBS opened at $20.08 and Wall Street Zen recently set a "hold" rating.
Bob's Discount Furniture, Inc. (NYSE:BOBS - Get Free Report) Director Jennifer Lynn Davis sold 2,917,500 shares of the business'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 sale, the director directly owned 95,370,751 shares of the company's stock, 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 accessible through this hyperlink.
Bob's Discount Furniture Price Performance
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.
Get Our Latest Research Report on Bob's Discount Furniture
About Bob's Discount Furniture
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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.
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