A number of research firms have changed their ratings and price targets for Conn’s (NASDAQ: CONN):

  • 9/13/2017 – Conn’s was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Conns Inc is a specialty retailer currently operating retail locations in Texas and Louisiana. It sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products. They also sell home office equipment, lawn and garden products and bedding, and continue to introduce additional product categories for the home to help increase same store sales and to respond to their customers’ product needs. “
  • 9/8/2017 – Conn’s had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $26.00 price target on the stock, up previously from $20.00.
  • 9/8/2017 – Conn’s had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/7/2017 – Conn’s was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 9/5/2017 – Conn’s had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $22.00 price target on the stock.
  • 8/18/2017 – Conn’s was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/11/2017 – Conn’s was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/8/2017 – Conn’s was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Conns Inc is a specialty retailer currently operating retail locations in Texas and Louisiana. It sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products. They also sell home office equipment, lawn and garden products and bedding, and continue to introduce additional product categories for the home to help increase same store sales and to respond to their customers’ product needs. “
  • 7/24/2017 – Conn’s was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/17/2017 – Conn’s had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $28.00 price target on the stock, up previously from $25.00.

Conn’s, Inc. (CONN) opened at 22.90 on Thursday. The stock has a 50 day moving average price of $20.53 and a 200 day moving average price of $16.28. Conn’s, Inc. has a 1-year low of $7.75 and a 1-year high of $24.10. The company’s market cap is $714.62 million.

Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.28. The business had revenue of $366.65 million during the quarter, compared to the consensus estimate of $371.97 million. Conn’s had a positive return on equity of 1.08% and a negative net margin of 0.14%. Conn’s’s revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. Equities analysts forecast that Conn’s, Inc. will post $0.65 earnings per share for the current year.

In related news, major shareholder W. R. Jr. Stephens bought 12,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average price of $18.85 per share, for a total transaction of $226,200.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.48% of the stock is owned by company insiders.

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.

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