Shares of Conn’s, Inc. (NASDAQ:CONN) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $25.75.

CONN has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Conn’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price (up from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $28.00 target price (up from $25.00) on shares of Conn’s in a research note on Monday, July 17th.

In other Conn’s news, major shareholder W. R. Jr. Stephens purchased 12,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were purchased at an average cost of $18.85 per share, with a total value of $226,200.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.48% of the company’s stock.

A number of large investors have recently modified their holdings of the business. State Street Corp lifted its position in Conn’s by 45.9% during the 2nd quarter. State Street Corp now owns 566,793 shares of the specialty retailer’s stock worth $10,828,000 after buying an additional 178,277 shares in the last quarter. Royce & Associates LP lifted its position in Conn’s by 3.4% during the 2nd quarter. Royce & Associates LP now owns 429,411 shares of the specialty retailer’s stock worth $8,202,000 after buying an additional 14,075 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Conn’s by 77.5% during the 1st quarter. Point72 Asset Management L.P. now owns 400,000 shares of the specialty retailer’s stock worth $3,500,000 after buying an additional 174,600 shares in the last quarter. Stephens Inc. AR lifted its position in Conn’s by 85.5% during the 1st quarter. Stephens Inc. AR now owns 376,350 shares of the specialty retailer’s stock worth $3,293,000 after buying an additional 173,416 shares in the last quarter. Finally, Luzich Partners LLC lifted its position in Conn’s by 3.8% during the 2nd quarter. Luzich Partners LLC now owns 305,822 shares of the specialty retailer’s stock worth $5,841,000 after buying an additional 11,210 shares in the last quarter. 70.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Conn’s (NASDAQ:CONN) traded up 3.17% during mid-day trading on Friday, hitting $22.80. The company had a trading volume of 349,405 shares. The company’s market capitalization is $711.50 million. Conn’s has a one year low of $7.75 and a one year high of $24.10. The firm’s 50-day moving average price is $20.54 and its 200 day moving average price is $16.77.

Conn’s (NASDAQ:CONN) last announced its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.28. The firm had revenue of $366.65 million during the quarter, compared to analyst estimates of $371.97 million. Conn’s had a negative net margin of 0.14% and a positive return on equity of 1.08%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. Analysts predict that Conn’s will post $0.65 earnings per share for the current fiscal year.

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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.

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