Conn's (NASDAQ:CONN)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer in a research note issued on Wednesday. Oppenheimer also issued estimates for Conn's’ Q4 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $1.95 EPS and FY2020 earnings at $2.50 EPS.

Other research analysts also recently issued reports about the company. TheStreet upgraded Conn's from a “d+” rating to a “c” rating in a research note on Thursday, September 7th. BidaskClub upgraded Conn's from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Tuesday. KeyCorp reiterated an “overweight” rating and set a $22.00 target price on shares of Conn's in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $26.00 price target (up from $20.00) on shares of Conn's in a research note on Friday, September 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.83.

Shares of Conn's (CONN) traded up $0.30 during midday trading on Wednesday, hitting $31.70. The stock had a trading volume of 589,400 shares, compared to its average volume of 595,882. The company has a debt-to-equity ratio of 1.84, a current ratio of 3.94 and a quick ratio of 3.04. Conn's has a one year low of $7.75 and a one year high of $37.80. The company has a market cap of $985.04, a P/E ratio of 71.36, a P/E/G ratio of 1.55 and a beta of 1.86.

Conn's (NASDAQ:CONN) last issued its earnings results on Thursday, December 7th. The specialty retailer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.14. Conn's had a return on equity of 2.64% and a net margin of 0.21%. The company had revenue of $373.20 million during the quarter, compared to the consensus estimate of $372.40 million. During the same period in the previous year, the company posted ($0.08) EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities analysts predict that Conn's will post 0.88 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in Conn's by 0.5% in the 2nd quarter. Royal Bank of Canada now owns 19,116 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 94 shares in the last quarter. Creative Planning raised its holdings in Conn's by 3.1% in the 3rd quarter. Creative Planning now owns 10,051 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 300 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Conn's by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock valued at $310,000 after acquiring an additional 400 shares in the last quarter. American International Group Inc. raised its holdings in Conn's by 7.1% in the 1st quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 830 shares in the last quarter. Finally, UBS Group AG raised its holdings in Conn's by 1.8% in the 1st quarter. UBS Group AG now owns 82,122 shares of the specialty retailer’s stock valued at $719,000 after acquiring an additional 1,431 shares in the last quarter. 71.94% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Conn's (NASDAQ:CONN)

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