Conn’s Inc (NASDAQ:CONN) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $32.40.
A number of brokerages recently issued reports on CONN. Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price objective (up previously from $28.00) on shares of Conn’s in a report on Tuesday, September 3rd. ValuEngine lowered shares of Conn’s from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, October 31st. BidaskClub lowered shares of Conn’s from a “buy” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp set a $41.00 price objective on shares of Conn’s and gave the company a “buy” rating in a report on Wednesday, September 4th.
Shares of Conn’s stock traded down $1.28 during trading hours on Friday, reaching $22.62. 31,138 shares of the company’s stock were exchanged, compared to its average volume of 420,374. Conn’s has a 1 year low of $15.40 and a 1 year high of $30.64. The company has a market capitalization of $686.46 million, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 0.38 and a beta of 2.11. The business has a fifty day moving average of $24.92 and a two-hundred day moving average of $21.80. The company has a quick ratio of 3.97, a current ratio of 5.01 and a debt-to-equity ratio of 2.01.
Conn’s (NASDAQ:CONN) last released its earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.11. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. The business had revenue of $401.10 million during the quarter, compared to analyst estimates of $398.10 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts predict that Conn’s will post 2.73 EPS for the current year.
In other Conn’s news, VP Todd Renaud sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $24.67, for a total value of $74,010.00. Following the transaction, the vice president now owns 35,141 shares of the company’s stock, valued at $866,928.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Daly sold 8,700 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $27.00, for a total transaction of $234,900.00. Following the completion of the transaction, the insider now directly owns 47,482 shares in the company, valued at approximately $1,282,014. The disclosure for this sale can be found here. Corporate insiders own 3.68% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CONN. WINTON GROUP Ltd acquired a new stake in shares of Conn’s during the second quarter worth about $795,000. Crossmark Global Holdings Inc. lifted its position in shares of Conn’s by 5.8% during the second quarter. Crossmark Global Holdings Inc. now owns 11,330 shares of the specialty retailer’s stock worth $202,000 after purchasing an additional 617 shares in the last quarter. Falcon Point Capital LLC lifted its position in shares of Conn’s by 51.7% during the second quarter. Falcon Point Capital LLC now owns 174,978 shares of the specialty retailer’s stock worth $3,118,000 after purchasing an additional 59,618 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Conn’s by 61.1% during the second quarter. New York State Teachers Retirement System now owns 15,552 shares of the specialty retailer’s stock worth $277,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Eidelman Virant Capital acquired a new stake in shares of Conn’s during the second quarter worth about $178,000. 77.41% of the stock is currently owned by institutional investors.
Conn’s Company Profile
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.
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