CONN'S Stock Rating Lowered by Zacks (CONN)
CONN'S (NASDAQ:CONN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Thursday. They currently have a $28.90 price target on the stock. Zacks‘s price target would suggest a potential downside of 4.97% from the company’s current price.
CONN'S (NASDAQ:CONN) traded down 4.50% on Thursday, hitting $29.05. The stock had a trading volume of 2,750,823 shares. CONN'S has a 1-year low of $30.05 and a 1-year high of $80.34. The stock’s 50-day moving average is $41.68 and its 200-day moving average is $42.01. The company has a market cap of $1.052 billion and a P/E ratio of 11.44.
CONN'S (NASDAQ:CONN) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.25. The company had revenue of $353.00 million for the quarter. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, analysts predict that CONN'S will post $2.88 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at B. Riley cut their price target on shares of CONN'S from $82.00 to $62.00 in a research note on Wednesday. Separately, analysts at Canaccord Genuity cut their price target on shares of CONN'S from $71.00 to $40.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of CONN'S from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.38.
In other CONN'S news, Director Scott L. Thompson bought 16,100 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were purchased at an average price of $30.89 per share, with a total value of $497,329.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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