Shares of Conn’s Inc (NASDAQ:CONN) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $32.25.
A number of research analysts recently commented on CONN shares. BidaskClub downgraded Conn’s from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. Stifel Nicolaus restated a “buy” rating and set a $31.00 price objective (up from $28.00) on shares of Conn’s in a report on Tuesday, September 3rd. Zacks Investment Research raised Conn’s from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, October 31st. ValuEngine cut Conn’s from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, KeyCorp set a $41.00 price target on shares of Conn’s and gave the stock a “buy” rating in a research report on Wednesday, September 4th.
In other Conn’s news, VP Todd Renaud sold 3,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $24.67, for a total transaction of $74,010.00. Following the transaction, the vice president now owns 35,141 shares of the company’s stock, valued at approximately $866,928.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian Daly sold 8,700 shares of Conn’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $27.00, for a total value of $234,900.00. Following the completion of the transaction, the insider now owns 47,482 shares of the company’s stock, valued at approximately $1,282,014. The disclosure for this sale can be found here. 3.68% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Conn’s by 1.7% in the second quarter. BlackRock Inc. now owns 3,428,201 shares of the specialty retailer’s stock worth $61,091,000 after purchasing an additional 57,289 shares during the period. Vanguard Group Inc. lifted its position in shares of Conn’s by 9.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,094,359 shares of the specialty retailer’s stock worth $37,321,000 after buying an additional 183,478 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Conn’s by 21.6% in the 2nd quarter. Morgan Stanley now owns 1,048,751 shares of the specialty retailer’s stock valued at $18,688,000 after buying an additional 186,498 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Conn’s by 24.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 485,300 shares of the specialty retailer’s stock valued at $8,648,000 after buying an additional 95,665 shares during the period. Finally, Northern Trust Corp grew its position in shares of Conn’s by 2.1% during the 2nd quarter. Northern Trust Corp now owns 417,565 shares of the specialty retailer’s stock valued at $7,441,000 after buying an additional 8,547 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.
CONN traded up $0.22 during trading hours on Tuesday, reaching $19.43. 42,712 shares of the stock traded hands, compared to its average volume of 525,883. The firm’s fifty day simple moving average is $23.21 and its two-hundred day simple moving average is $21.37. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.01 and a quick ratio of 3.97. The company has a market cap of $561.01 million, a price-to-earnings ratio of 7.75, a PEG ratio of 0.35 and a beta of 2.04. Conn’s has a fifty-two week low of $15.40 and a fifty-two week high of $27.57.
Conn’s (NASDAQ:CONN) last announced 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 return on equity of 14.27% and a net margin of 5.35%. The business had revenue of $401.10 million for the quarter, compared to analyst estimates of $398.10 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts predict that Conn’s will post 2.7 earnings per share for the current year.
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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