Conn's Inc (NASDAQ:CONN) has received an average rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $37.00.
Several brokerages have commented on CONN. Oppenheimer raised Conn's from a “market perform” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, September 29th. BidaskClub raised Conn's from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Stephens raised their price objective on Conn's from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. KeyCorp reissued an “overweight” rating and set a $42.00 price objective (up previously from $24.00) on shares of Conn's in a research report on Wednesday, October 18th. Finally, SunTrust Banks reissued a “buy” rating and set a $33.00 price objective on shares of Conn's in a research report on Thursday, October 19th.
In other news, major shareholder Anchorage Capital Group, L.L.C sold 1,600,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $34.05, for a total transaction of $54,480,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Schofman purchased 1,000 shares of Conn's stock in a transaction dated Monday, December 11th. The shares were bought at an average price of $32.20 per share, with a total value of $32,200.00. Following the completion of the acquisition, the director now directly owns 20,384 shares of the company’s stock, valued at $656,364.80. The disclosure for this purchase can be found here. 3.48% of the stock is owned by company insiders.
Shares of Conn's (NASDAQ:CONN) traded up $0.35 during trading on Friday, reaching $35.40. The company’s stock had a trading volume of 228,750 shares, compared to its average volume of 469,556. The company has a debt-to-equity ratio of 1.84, a current ratio of 3.94 and a quick ratio of 3.04. The stock has a market capitalization of $1,120.00, a price-to-earnings ratio of 354.00, a P/E/G ratio of 1.73 and a beta of 1.86. Conn's has a fifty-two week low of $7.75 and a fifty-two week high of $37.80.
Conn's (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, December 7th. The specialty retailer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.04 by $0.14. The business had revenue of $373.20 million during the quarter, compared to analyst estimates of $372.40 million. Conn's had a return on equity of 2.64% and a net margin of 0.21%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) earnings per share. equities analysts expect that Conn's will post 0.88 EPS for the current year.
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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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