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.
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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.
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