Short Interest in CONN'S Expands By 17.5% (CONN)
Shares of CONN'S (NASDAQ:CONN) were the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 10,306,981 shares, a growth of 17.5% from the July 15th total of 8,769,174 shares, AnalystRatings.Net reports. Currently, 40.9% of the shares of the stock are short sold. Based on an average daily volume of 653,766 shares, the short-interest ratio is currently 15.8 days.
A number of research firms have recently commented on CONN. Analysts at Zacks downgraded shares of CONN'S from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $49.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of CONN'S from $55.00 to $65.00 in a research note on Tuesday, June 3rd. Finally, analysts at Stifel Nicolaus raised their price target on shares of CONN'S from $51.00 to $61.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.33.
CONN'S (NASDAQ:CONN) opened at 42.49 on Tuesday. CONN'S has a 52 week low of $31.17 and a 52 week high of $80.34. The stock has a 50-day moving average of $44.45 and a 200-day moving average of $44.05. The company has a market cap of $1.536 billion and a P/E ratio of 15.78.
CONN'S (NASDAQ:CONN) last announced its earnings results on Monday, June 2nd. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.07. The company had revenue of $335.40 million for the quarter, compared to the consensus estimate of $328.52 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 33.6% on a year-over-year basis. On average, analysts predict that CONN'S will post $3.58 earnings per share for the current fiscal year.
Conn’s, Inc is a holding company. The Company 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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