CONN'S Downgraded by Piper Jaffray (CONN)
CONN'S (NASDAQ:CONN) traded down 29.69% during mid-day trading on Tuesday, hitting $31.52. 3,984,265 shares of the company’s stock traded hands. CONN'S has a 1-year low of $31.17 and a 1-year high of $80.34. The stock has a 50-day moving average of $42.48 and a 200-day moving average of $42.58. The company has a market cap of $1.140 billion and a price-to-earnings ratio of 16.61.
CONN'S (NASDAQ:CONN) last announced its earnings results on Tuesday, September 2nd. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.25. The company had revenue of $353.00 million for the quarter. During the same quarter last year, the company posted $0.52 earnings per share. CONN'S’s revenue was up 30.4% compared to the same quarter last year. On average, analysts predict that CONN'S will post $3.54 earnings per share for the current fiscal year.
Separately, 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.33.
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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