Conn's Inc (NASDAQ:CONN) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 1,045 call options on the stock. This is an increase of approximately 833% compared to the average daily volume of 112 call options.
Conn's (NASDAQ:CONN) opened at $33.40 on Wednesday. The stock has a market cap of $1,072.87, a P/E ratio of 77.73, a P/E/G ratio of 0.61 and a beta of 1.79. The company has a debt-to-equity ratio of 1.84, a quick ratio of 3.04 and a current ratio of 3.94. Conn's has a 1-year low of $7.75 and a 1-year high of $37.80.
CONN has been the subject of several research analyst reports. BidaskClub downgraded shares of Conn's from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Oppenheimer reissued a “buy” rating and set a $40.00 price objective on shares of Conn's in a report on Thursday, December 7th. ValuEngine raised shares of Conn's from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, December 12th. Finally, Stephens lifted their price objective on shares of Conn's from $39.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $37.50.
A number of hedge funds have recently modified their holdings of CONN. Russell Investments Group Ltd. increased its holdings in Conn's by 269.9% during the third quarter. Russell Investments Group Ltd. now owns 426,473 shares of the specialty retailer’s stock valued at $12,005,000 after buying an additional 311,178 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Conn's in the fourth quarter worth $9,452,000. Prudential Financial Inc. purchased a new position in Conn's in the third quarter worth $6,050,000. State Street Corp grew its holdings in Conn's by 45.9% in the second quarter. State Street Corp now owns 566,793 shares of the specialty retailer’s stock worth $10,828,000 after purchasing an additional 178,277 shares during the last quarter. Finally, Castleark Management LLC purchased a new position in Conn's in the fourth quarter worth $6,175,000. 69.40% of the stock is currently owned by institutional investors.
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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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