Conn’s Inc (NASDAQ:CONN) – Stock analysts at Oppenheimer upped their FY2019 earnings estimates for Conn’s in a research report issued on Tuesday, December 4th. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings of $2.44 per share for the year, up from their prior forecast of $2.27. Oppenheimer also issued estimates for Conn’s’ FY2020 earnings at $2.92 EPS and FY2021 earnings at $3.30 EPS.
Conn’s (NASDAQ:CONN) last issued its earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $383.59 million. Conn’s had a return on equity of 12.17% and a net margin of 3.09%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS.
Several other analysts also recently issued reports on the company. Jefferies Financial Group started coverage on Conn’s in a research note on Thursday, August 16th. They set a “buy” rating and a $44.00 target price on the stock. Zacks Investment Research raised Conn’s from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Friday, September 7th. ValuEngine raised Conn’s from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Compass Point reissued a “hold” rating and set a $38.50 target price on shares of Conn’s in a research note on Friday, August 17th. Finally, BidaskClub downgraded Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Conn’s currently has an average rating of “Hold” and a consensus price target of $41.08.
Shares of CONN opened at $23.73 on Thursday. The company has a market cap of $786.54 million, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 0.43 and a beta of 1.87. Conn’s has a 12-month low of $22.10 and a 12-month high of $42.65. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.86 and a current ratio of 4.57.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in Conn’s by 24,061.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 3,128 shares during the last quarter. Point72 Hong Kong Ltd increased its position in shares of Conn’s by 213.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 3,483 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 2,372 shares during the last quarter. NumerixS Investment Technologies Inc increased its position in shares of Conn’s by 1,900.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 3,800 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Conn’s during the 3rd quarter valued at approximately $187,000. Finally, WINTON GROUP Ltd bought a new position in shares of Conn’s during the 3rd quarter valued at approximately $216,000. 68.54% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Brian Daly acquired 4,200 shares of Conn’s stock in a transaction on Thursday, December 6th. The shares were acquired at an average price of $23.05 per share, with a total value of $96,810.00. Following the purchase, the insider now directly owns 58,533 shares in the company, valued at approximately $1,349,185.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.34% of the company’s stock.
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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