Conn's Inc (NASDAQ:CONN) – Stock analysts at KeyCorp cut their FY2018 earnings per share estimates for Conn's in a report released on Monday. KeyCorp analyst B. Thomas now forecasts that the specialty retailer will post earnings of $0.48 per share for the year, down from their prior estimate of $0.50. KeyCorp currently has a “Overweight” rating and a $22.00 target price on the stock.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price (up previously from $19.00) on shares of Conn's in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of Conn's from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Conn's from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Conn's in a research note on Tuesday, June 20th. Finally, ValuEngine raised shares of Conn's from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.50.

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Conn's (NASDAQ:CONN) traded up 14.44% during trading on Thursday, reaching $21.80. 983,303 shares of the company were exchanged. The firm’s market cap is $676.08 million. Conn's has a 52-week low of $6.83 and a 52-week high of $23.75. The firm has a 50-day moving average of $20.46 and a 200-day moving average of $15.91.

Conn's (NASDAQ:CONN) last posted its quarterly earnings data on Thursday, September 7th. The specialty retailer reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.28. Conn's had a negative net margin of 0.73% and a negative return on equity of 2.00%. The firm had revenue of $366.65 million during the quarter, compared to analyst estimates of $371.97 million. During the same quarter last year, the business posted ($0.04) EPS. The company’s revenue was down 7.9% on a year-over-year basis.

In related news, major shareholder W. R. Jr. Stephens acquired 12,000 shares of the stock in a transaction dated Friday, July 14th. The stock was bought at an average price of $18.85 per share, with a total value of $226,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Haworth sold 7,392 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $19.34, for a total transaction of $142,961.28. Following the sale, the director now directly owns 4,425 shares of the company’s stock, valued at approximately $85,579.50. The disclosure for this sale can be found here. 3.48% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CONN. American International Group Inc. increased its position in shares of Conn's by 7.1% during the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 830 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Conn's during the second quarter worth $114,000. Voya Investment Management LLC bought a new stake in shares of Conn's during the second quarter worth $215,000. GSA Capital Partners LLP bought a new stake in shares of Conn's during the second quarter worth $258,000. Finally, Wells Fargo & Company MN increased its position in shares of Conn's by 2.5% during the second quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock worth $310,000 after acquiring an additional 400 shares in the last quarter. 71.41% of the stock is owned by institutional investors.

Conn's Company Profile

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.

Earnings History and Estimates for Conn's (NASDAQ:CONN)

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