Media headlines about Conn's (NASDAQ:CONN) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Conn's earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 46.8624874619024 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Conn's (CONN) traded up $1.30 during trading hours on Friday, hitting $37.15. 494,472 shares of the company traded hands, compared to its average volume of 587,295. The company has a debt-to-equity ratio of 1.84, a current ratio of 3.94 and a quick ratio of 3.04. The firm has a market cap of $1,170.00, a price-to-earnings ratio of 371.50, a price-to-earnings-growth ratio of 1.83 and a beta of 1.86. Conn's has a 1-year low of $7.75 and a 1-year high of $37.80.
Conn's (NASDAQ:CONN) last posted its earnings results on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.14. Conn's had a net margin of 0.21% and a return on equity of 2.64%. The business had revenue of $373.20 million for the quarter, compared to analyst estimates of $372.40 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. equities research analysts forecast that Conn's will post 0.88 EPS for the current year.
Several brokerages have recently weighed in on CONN. Oppenheimer reaffirmed a “buy” rating and issued a $40.00 target price on shares of Conn's in a report on Thursday, December 7th. BidaskClub raised shares of Conn's from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Stephens raised their price objective on shares of Conn's from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, December 12th. Finally, Stifel Nicolaus lowered shares of 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 report on Monday, October 9th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.50.
In related news, major shareholder Harriet C. Stephens bought 23,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was bought at an average price of $25.50 per share, with a total value of $586,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Schofman bought 1,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $32.20 per share, with a total value of $32,200.00. Following the transaction, the director now directly owns 20,384 shares in the company, valued at approximately $656,364.80. The disclosure for this purchase can be found here. Insiders own 3.48% of the company’s stock.
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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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