Conn’s, Inc. (CONN) Given Average Recommendation of “Buy” by Analysts

Conn’s, Inc. (NASDAQ:CONN) has been assigned an average rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $33.25.

A number of brokerages have recently issued reports on CONN. Zacks Investment Research raised Conn’s from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, September 13th. Stifel Nicolaus cut Conn’s from a “buy” rating to a “hold” rating and raised their target price for the stock from $26.00 to $30.00 in a research note on Monday, October 9th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $33.00 target price on shares of Conn’s in a research note on Thursday, October 19th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Conn’s in a research note on Thursday, September 14th. Finally, BidaskClub raised Conn’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th.

In other news, major shareholder Harriet C. Stephens acquired 42,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were acquired at an average cost of $25.40 per share, with a total value of $1,066,800.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Harriet C. Stephens acquired 23,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were purchased at an average cost of $25.50 per share, for a total transaction of $586,500.00. The disclosure for this purchase can be found here. 3.48% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of CONN. Quantbot Technologies LP boosted its position in Conn’s by 110.2% during the 3rd quarter. Quantbot Technologies LP now owns 3,864 shares of the specialty retailer’s stock valued at $108,000 after acquiring an additional 2,026 shares in the last quarter. Rational Advisors LLC bought a new stake in Conn’s during the 3rd quarter valued at approximately $108,000. American International Group Inc. boosted its position in Conn’s by 7.1% during the 1st quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 830 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Conn’s during the 2nd quarter valued at approximately $114,000. Finally, Voya Investment Management LLC bought a new stake in Conn’s during the 2nd quarter valued at approximately $215,000. 72.71% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This article was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/18/conns-inc-conn-given-average-recommendation-of-buy-by-analysts.html.

Shares of Conn’s (CONN) traded up $0.40 during trading hours on Monday, hitting $31.00. The stock had a trading volume of 356,677 shares, compared to its average volume of 503,983. Conn’s has a 52-week low of $7.75 and a 52-week high of $32.90. The company has a market capitalization of $980.06, a PE ratio of 166.67, a P/E/G ratio of 2.17 and a beta of 1.87. The company has a quick ratio of 4.70, a current ratio of 5.80 and a debt-to-equity ratio of 2.02.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.28. Conn’s had a positive return on equity of 1.08% and a negative net margin of 0.14%. The firm had revenue of $366.65 million for the quarter, compared to analysts’ expectations of $371.97 million. During the same period last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. research analysts expect that Conn’s will post 0.6 EPS for the current fiscal year.

Conn’s Company Profile

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

Analyst Recommendations for Conn`s (NASDAQ:CONN)

Receive News & Ratings for Conn's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply