CONN'S Target of Unusually High Options Trading (CONN)
CONN'S (NASDAQ:CONN) was the target of some unusual options trading activity on Friday. Traders bought 9,028 put options on the stock, ARN reports. This is an increase of 839% compared to the average daily volume of 961 put options.
A number of analysts have recently weighed in on CONN shares. 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CONN'S currently has an average rating of “Hold” and a consensus target price of $61.33.
Shares of CONN'S (NASDAQ:CONN) traded up 0.22% on Friday, hitting $44.83. The stock had a trading volume of 885,992 shares. 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 $42.52 and a 200-day moving average of $42.67. The company has a market cap of $1.621 billion and a price-to-earnings ratio of 16.57.
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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