Conn’s, Inc. (NASDAQ:CONN)‘s stock had its “buy” rating reaffirmed by equities researchers at SunTrust Banks, Inc. in a report issued on Thursday. They currently have a $33.00 price objective on the specialty retailer’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 19.57% from the stock’s current price. SunTrust Banks also issued estimates for Conn’s’ FY2019 earnings at $1.50 EPS.

CONN has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Conn’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 3rd. Stifel Nicolaus downgraded shares of Conn’s from a “buy” rating to a “hold” rating and lifted their price target for the company from $26.00 to $30.00 in a report on Monday, October 9th. BidaskClub upgraded shares of Conn’s from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. UBS AG upgraded shares of Conn’s from a “market perform” rating to an “outperform” rating in a report on Friday, September 29th. Finally, Stephens reiterated an “overweight” rating and issued a $28.00 price target (up from $25.00) on shares of Conn’s in a report on Monday, July 17th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.33.

Shares of Conn’s (NASDAQ CONN) traded down 1.60% on Thursday, reaching $27.60. 594,097 shares of the company traded hands. Conn’s has a 1-year low of $7.75 and a 1-year high of $28.75. The stock has a 50-day moving average price of $24.44 and a 200 day moving average price of $19.52. The firm’s market capitalization is $861.31 million.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, September 7th. The specialty retailer reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.28. The firm had revenue of $366.65 million for the quarter, compared to the consensus estimate 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 was down 7.9% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS. Analysts anticipate that Conn’s will post $0.74 EPS for the current fiscal year.

WARNING: “Conn’s, Inc. (CONN) Earns “Buy” Rating from SunTrust Banks, Inc.” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/22/conns-inc-conn-earns-buy-rating-from-suntrust-banks-inc.html.

In other Conn’s news, major shareholder Harriet C. Stephens bought 42,000 shares of Conn’s stock in a transaction dated Friday, October 13th. The shares were purchased at an average cost of $25.40 per share, for a total transaction of $1,066,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Harriet C. Stephens bought 23,000 shares of Conn’s stock in a transaction dated Monday, October 16th. The stock was acquired at an average price of $25.50 per share, for a total transaction of $586,500.00. The disclosure for this purchase can be found here. Insiders own 3.48% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. American International Group Inc. increased its holdings in shares of Conn’s by 7.1% in the 1st quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock worth $109,000 after buying an additional 830 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Conn’s in the 2nd quarter worth about $114,000. Voya Investment Management LLC bought a new stake in shares of Conn’s in the 2nd quarter worth about $215,000. GSA Capital Partners LLP bought a new stake in shares of Conn’s in the 2nd quarter worth about $258,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Conn’s by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock worth $310,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.

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.

Analyst Recommendations for Conn`s (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.