Conn’s (NASDAQ:CONN) – Investment analysts at Oppenheimer lifted their Q2 2019 earnings estimates for shares of Conn’s in a note issued to investors on Monday, May 14th. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will earn $0.41 per share for the quarter, up from their prior forecast of $0.40. Oppenheimer also issued estimates for Conn’s’ Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $1.98 EPS and FY2020 earnings at $2.54 EPS.
Several other research firms have also weighed in on CONN. BidaskClub raised shares of Conn’s from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Conn’s currently has a consensus rating of “Buy” and an average price target of $37.50.
Shares of Conn’s opened at $26.75 on Wednesday, according to MarketBeat.com. The company has a quick ratio of 5.29, a current ratio of 6.58 and a debt-to-equity ratio of 2.04. The company has a market cap of $803.32 million, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 0.49 and a beta of 1.72. Conn’s has a 12 month low of $25.85 and a 12 month high of $26.20.
Conn’s (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.56 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 business had revenue of $420.40 million during the quarter, compared to analysts’ expectations of $429.67 million. During the same period in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year.
Large investors have recently bought and sold shares of the company. QS Investors LLC purchased a new stake in Conn’s in the 4th quarter worth $194,000. Capital Fund Management S.A. purchased a new stake in Conn’s in the 4th quarter worth $213,000. Two Sigma Investments LP purchased a new stake in Conn’s in the 4th quarter worth $229,000. Paloma Partners Management Co purchased a new stake in Conn’s in the 4th quarter worth $232,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Conn’s in the 4th quarter worth $239,000. 67.13% of the stock is owned by hedge funds and other institutional investors.
In other news, CAO George L. Bchara bought 7,390 shares of the business’s stock in a transaction dated Tuesday, April 10th. The stock was purchased at an average cost of $27.41 per share, with a total value of $202,559.90. Following the acquisition, the chief accounting officer now directly owns 42,816 shares in the company, valued at $1,173,586.56. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Daly bought 5,100 shares of the business’s stock in a transaction dated Monday, April 9th. The shares were purchased at an average cost of $27.87 per share, with a total value of $142,137.00. Following the completion of the acquisition, the insider now owns 55,206 shares in the company, valued at $1,538,591.22. The disclosure for this purchase can be found here. 3.34% of the stock is owned by insiders.
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its 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, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.
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