Conn’s (NASDAQ:CONN) – Research analysts at Oppenheimer dropped their Q2 2019 earnings per share estimates for shares of Conn’s in a research report issued on Thursday, April 5th. Oppenheimer analyst B. Nagel now anticipates that the specialty retailer will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.46. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Conn’s’ Q4 2019 earnings at $0.78 EPS, FY2019 earnings at $1.88 EPS and FY2020 earnings at $2.40 EPS.
Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, April 5th. The specialty retailer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The company had revenue of $420.40 million for the quarter, compared to the consensus estimate of $429.67 million. Conn’s had a return on equity of 5.75% and a net margin of 0.43%. Conn’s’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share.
CONN has been the topic of several other reports. Zacks Investment Research upgraded Conn’s from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, December 12th. Stephens upped their price objective on Conn’s from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. ValuEngine upgraded Conn’s from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, BidaskClub downgraded Conn’s from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $37.50.
CONN opened at $27.70 on Monday. The company has a current ratio of 3.94, a quick ratio of 3.04 and a debt-to-equity ratio of 1.84. The firm has a market cap of $874.02, a price-to-earnings ratio of 29.16, a PEG ratio of 0.50 and a beta of 1.71. Conn’s has a one year low of $11.30 and a one year high of $37.80.
Several large investors have recently modified their holdings of CONN. BlackRock Inc. lifted its position in Conn’s by 0.6% during the fourth quarter. BlackRock Inc. now owns 1,378,664 shares of the specialty retailer’s stock worth $49,011,000 after buying an additional 8,754 shares during the period. Luzich Partners LLC lifted its position in Conn’s by 3.3% during the third quarter. Luzich Partners LLC now owns 315,822 shares of the specialty retailer’s stock worth $8,890,000 after buying an additional 10,000 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Conn’s during the fourth quarter worth about $9,452,000. Geode Capital Management LLC lifted its position in Conn’s by 13.3% during the fourth quarter. Geode Capital Management LLC now owns 245,471 shares of the specialty retailer’s stock worth $8,725,000 after buying an additional 28,759 shares during the period. Finally, Driehaus Capital Management LLC lifted its position in Conn’s by 24.5% during the fourth quarter. Driehaus Capital Management LLC now owns 219,480 shares of the specialty retailer’s stock worth $7,803,000 after buying an additional 43,163 shares during the period. Institutional investors and hedge funds own 68.81% of the company’s stock.
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Conn’s Company Profile
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories.
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