Conn's Inc (CONN) Receives Consensus Recommendation of “Buy” from Brokerages

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.

Several large investors have recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Conn's by 38.8% during the fourth quarter. SG Americas Securities LLC now owns 40,899 shares of the specialty retailer’s stock valued at $1,454,000 after acquiring an additional 11,433 shares in the last quarter. Alpha Windward LLC bought a new position in shares of Conn's during the fourth quarter valued at $578,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Conn's by 34.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 115,000 shares of the specialty retailer’s stock valued at $4,089,000 after acquiring an additional 29,713 shares in the last quarter. Luzich Partners LLC increased its holdings in shares of Conn's by 3.3% during the third quarter. Luzich Partners LLC now owns 315,822 shares of the specialty retailer’s stock valued at $8,890,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Conn's during the third quarter valued at $287,000. Hedge funds and other institutional investors own 71.47% of the company’s stock.

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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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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