Conn’s Director Jon Jacoby Unloads 10,000 Shares (CONN)
Conn’s (NASDAQ:CONN) Director Jon Jacoby sold 10,000 shares of Conn’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $74.50, for a total transaction of $745,000.00. Following the sale, the director now directly owns 475,291 shares of the company’s stock, valued at approximately $35,409,180. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Conn’s (NASDAQ:CONN) traded down 2.11% on Tuesday, hitting $74.61. 648,718 shares of the company’s stock traded hands. Conn’s has a 1-year low of $27.44 and a 1-year high of $80.34. The stock has a 50-day moving average of $70.15 and a 200-day moving average of $61.48. The company has a market cap of $2.686 billion and a price-to-earnings ratio of 33.21.
Conn’s (NASDAQ:CONN) last released its earnings data on Thursday, December 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $310.90 million for the quarter, compared to the consensus estimate of $289.90 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 50.6% on a year-over-year basis. Analysts expect that Conn’s will post $2.77 EPS for the current fiscal year.
A number of research firms have recently commented on CONN. Analysts at Zacks upgraded shares of Conn’s from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $80.20 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Conn’s in a research note to investors on Friday, December 6th. They now have a $87.00 price target on the stock, up previously from $74.00. Finally, analysts at B. Riley raised their price target on shares of Conn’s from $73.00 to $86.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Conn’s presently has a consensus rating of “Buy” and an average target price of $77.60.
Conn’s, Inc, is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers’ purchases of the products that it offer.
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