Conn's (NASDAQ:CONN) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.
A number of other equities research analysts have also weighed in on CONN. UBS Group upgraded shares of Conn's from a “market perform” rating to an “outperform” rating in a report on Friday, September 29th. Oppenheimer upgraded shares of Conn's from a “market perform” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, September 29th. Stifel Nicolaus lowered shares of Conn's from a “buy” rating to a “hold” rating and lifted their price objective for the company from $26.00 to $30.00 in a report on Monday, October 9th. KeyCorp reiterated an “overweight” rating and set a $42.00 price objective (up previously from $24.00) on shares of Conn's in a report on Wednesday, October 18th. Finally, SunTrust Banks reiterated a “buy” rating and set a $33.00 price objective on shares of Conn's in a report on Thursday, October 19th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Conn's presently has a consensus rating of “Buy” and a consensus target price of $37.50.
Shares of Conn's (NASDAQ CONN) opened at $35.40 on Thursday. Conn's has a twelve month low of $7.75 and a twelve month high of $37.80. The firm has a market cap of $1,120.00, a PE ratio of 354.00, a P/E/G ratio of 1.73 and a beta of 1.86. The company has a current ratio of 3.94, a quick ratio of 3.04 and a debt-to-equity ratio of 1.84.
In other Conn's news, Director David Schofman purchased 1,000 shares of Conn's stock in a transaction dated Monday, December 11th. The stock was acquired at an average price of $32.20 per share, for a total transaction of $32,200.00. Following the acquisition, the director now owns 20,384 shares in the company, valued at approximately $656,364.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Anchorage Capital Group, L.L.C sold 1,600,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $34.05, for a total transaction of $54,480,000.00. The disclosure for this sale can be found here. Insiders own 3.48% of the company’s stock.
Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of Conn's by 38.8% in the 4th quarter. SG Americas Securities LLC now owns 40,899 shares of the specialty retailer’s stock valued at $1,454,000 after purchasing an additional 11,433 shares in the last quarter. Alpha Windward LLC bought a new stake in shares of Conn's in the 4th quarter valued at about $578,000. Schwab Charles Investment Management Inc. raised its stake in shares of Conn's by 34.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 115,000 shares of the specialty retailer’s stock worth $4,089,000 after acquiring an additional 29,713 shares in the last quarter. Luzich Partners LLC raised its stake in shares of Conn's by 3.3% during the 3rd quarter. Luzich Partners LLC now owns 315,822 shares of the specialty retailer’s stock worth $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 3rd quarter worth approximately $287,000. Institutional investors and hedge funds own 71.47% of the company’s stock.
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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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