Conn’s Inc. (NASDAQ:CONN) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other analysts have also weighed in on CONN. Piper Jaffray Cos. lowered shares of Conn’s from an “overweight” rating to a “neutral” rating in a research note on Friday, June 3rd. Zacks Investment Research raised shares of Conn’s from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, TheStreet lowered shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.50.

Shares of Conn’s (NASDAQ:CONN) opened at 10.16 on Wednesday. The stock’s market capitalization is $312.70 million. The firm has a 50-day moving average of $7.52 and a 200 day moving average of $10.15. Conn’s has a 1-year low of $6.54 and a 1-year high of $28.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/conns-inc-conn-upgraded-to-buy-by-stifel-nicolaus.html

Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The firm earned $398.16 million during the quarter, compared to analyst estimates of $413.12 million. Conn’s had a negative net margin of 1.40% and a negative return on equity of 1.16%. Conn’s’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. On average, equities analysts anticipate that Conn’s will post ($0.40) earnings per share for the current fiscal year.

In other Conn’s news, major shareholder Harriet C. Stephens bought 22,619 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average cost of $8.84 per share, with a total value of $199,951.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder A Stephens Grantors Tru Warren bought 285,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were acquired at an average cost of $7.10 per share, with a total value of $2,023,500.00. Following the completion of the purchase, the insider now owns 385,350 shares of the company’s stock, valued at $2,735,985. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CONN. BlackRock Group LTD raised its stake in Conn’s by 21.5% in the first quarter. BlackRock Group LTD now owns 10,262 shares of the company’s stock valued at $128,000 after buying an additional 1,813 shares in the last quarter. State Street Corp raised its stake in Conn’s by 14.6% in the first quarter. State Street Corp now owns 817,435 shares of the company’s stock worth $10,187,000 after buying an additional 103,945 shares in the last quarter. Pacific Global Investment Management CO raised its stake in Conn’s by 4.9% in the first quarter. Pacific Global Investment Management CO now owns 468,245 shares of the company’s stock worth $5,834,000 after buying an additional 21,895 shares in the last quarter. Geode Capital Management LLC raised its stake in Conn’s by 9.9% in the first quarter. Geode Capital Management LLC now owns 184,259 shares of the company’s stock worth $2,295,000 after buying an additional 16,570 shares in the last quarter. Finally, Contrarian Capital Management L.L.C. raised its stake in Conn’s by 26.2% in the first quarter. Contrarian Capital Management L.L.C. now owns 67,064 shares of the company’s stock worth $836,000 after buying an additional 13,939 shares in the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

About Conn’s

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

5 Day Chart for NASDAQ:CONN

Receive News & Ratings for Conn's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.