Conn's (NASDAQ:CONN) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Several other equities analysts have also recently commented on CONN. KeyCorp reiterated an “overweight” rating and set a $22.00 target price on shares of Conn's in a research note on Tuesday, September 5th. Stifel Nicolaus restated a “buy” rating and set a $26.00 price objective (up from $20.00) on shares of Conn's in a research note on Friday, September 8th. Oppenheimer restated a “hold” rating on shares of Conn's in a research note on Friday, September 8th. TheStreet upgraded Conn's from a “d+” rating to a “c” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research upgraded 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Conn's has a consensus rating of “Buy” and a consensus price target of $33.33.
Conn's (CONN) traded up $1.95 during trading on Thursday, hitting $33.45. The stock had a trading volume of 2,525,177 shares, compared to its average volume of 594,532. The stock has a market cap of $1,040.00, a PE ratio of 174.72, a P/E/G ratio of 2.21 and a beta of 1.86. The company has a debt-to-equity ratio of 2.02, a quick ratio of 4.70 and a current ratio of 5.80. Conn's has a 12 month low of $7.75 and a 12 month high of $37.80.
Conn's (NASDAQ:CONN) last released its earnings results on Monday, December 4th. The specialty retailer reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The company had revenue of $373.20 million during the quarter, compared to analysts’ expectations of $372.40 million. Conn's had a positive return on equity of 1.08% and a negative net margin of 0.14%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. equities analysts forecast that Conn's will post 0.62 EPS for the current year.
In other news, major shareholder Harriet C. Stephens acquired 23,000 shares of Conn's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Harriet C. Stephens acquired 42,000 shares of Conn's stock in a transaction that occurred on Friday, October 13th. The shares were purchased at an average price of $25.40 per share, for a total transaction of $1,066,800.00. The disclosure for this purchase can be found here. Company insiders own 3.48% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CONN. American International Group Inc. lifted its stake in Conn's by 7.1% in the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 830 shares during the last quarter. Geode Capital Management LLC lifted its stake in Conn's by 2.5% in the first quarter. Geode Capital Management LLC now owns 191,076 shares of the specialty retailer’s stock valued at $1,671,000 after buying an additional 4,672 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Conn's in the second quarter valued at $2,202,000. Schwab Charles Investment Management Inc. lifted its stake in Conn's by 19.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 87,229 shares of the specialty retailer’s stock valued at $1,667,000 after buying an additional 14,314 shares during the last quarter. Finally, Falcon Point Capital LLC bought a new stake in Conn's in the second quarter valued at $734,000. Institutional investors own 71.94% of the company’s stock.
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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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