Conn's (CONN) Upgraded at BidaskClub

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.

Conn's (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. Conn's had a net margin of 0.21% and a return on equity of 2.64%. The company had revenue of $373.20 million during the quarter, compared to analyst estimates of $372.40 million. During the same quarter last year, the business posted ($0.08) EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. equities analysts forecast that Conn's will post 0.88 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Conn's (NASDAQ:CONN)

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