Shares of Conn’s (NASDAQ:CONN) have earned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.25.
CONN has been the topic of several research analyst reports. BidaskClub cut shares of Conn’s from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. ValuEngine upgraded shares of Conn’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research cut shares of Conn’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 27th.
Shares of NASDAQ CONN traded up $0.20 during midday trading on Thursday, hitting $28.70. 36,336 shares of the company traded hands, compared to its average volume of 492,491. Conn’s has a 12-month low of $12.85 and a 12-month high of $37.80. The company has a debt-to-equity ratio of 2.04, a current ratio of 6.58 and a quick ratio of 5.29. The stock has a market capitalization of $875.60, a P/E ratio of 30.00, a P/E/G ratio of 0.54 and a beta of 1.71.
Conn’s (NASDAQ:CONN) last announced its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Conn’s had a net margin of 0.43% and a return on equity of 5.72%. The company had revenue of $420.40 million for the quarter, compared to analysts’ expectations of $429.67 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. Conn’s’s quarterly revenue was down 2.9% on a year-over-year basis. research analysts anticipate that Conn’s will post 2.24 earnings per share for the current year.
In other news, insider Brian Daly purchased 5,100 shares of the business’s stock in a transaction dated Monday, April 9th. The shares were purchased at an average price of $27.87 per share, for a total transaction of $142,137.00. Following the completion of the acquisition, the insider now directly owns 55,206 shares in the company, valued at approximately $1,538,591.22. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO George L. Bchara purchased 7,390 shares of the business’s stock in a transaction dated Tuesday, April 10th. The shares were purchased at an average price of $27.41 per share, for a total transaction of $202,559.90. Following the acquisition, the chief accounting officer now owns 42,816 shares of the company’s stock, valued at $1,173,586.56. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC purchased a new stake in shares of Conn’s during the fourth quarter valued at approximately $366,000. Castleark Management LLC bought a new position in Conn’s during the fourth quarter valued at approximately $6,175,000. Macquarie Group Ltd. lifted its position in Conn’s by 39.1% during the fourth quarter. Macquarie Group Ltd. now owns 15,300 shares of the specialty retailer’s stock valued at $544,000 after purchasing an additional 4,300 shares during the period. Millennium Management LLC lifted its position in Conn’s by 452.5% during the fourth quarter. Millennium Management LLC now owns 78,419 shares of the specialty retailer’s stock valued at $2,788,000 after purchasing an additional 64,226 shares during the period. Finally, Paloma Partners Management Co bought a new position in Conn’s during the fourth quarter valued at approximately $232,000. Hedge funds and other institutional investors own 68.39% of the company’s stock.
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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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