Shares of Conn’s Inc (NASDAQ:CONN) have been given an average rating of “Buy” by the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $31.67.
CONN has been the subject of a number of research analyst reports. ValuEngine lowered Conn’s from a “sell” rating to a “strong sell” rating in a report on Monday, June 3rd. Zacks Investment Research raised shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, BidaskClub raised shares of Conn’s from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.
In other Conn’s news, Director William E. Saunders, Jr. bought 10,000 shares of the stock in a transaction on Wednesday, June 5th. The shares were purchased at an average cost of $17.97 per share, with a total value of $179,700.00. Following the completion of the transaction, the director now directly owns 43,743 shares of the company’s stock, valued at approximately $786,061.71. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Norman Miller bought 11,765 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $17.03 per share, for a total transaction of $200,357.95. Following the completion of the transaction, the chairman now directly owns 388,761 shares of the company’s stock, valued at $6,620,599.83. The disclosure for this purchase can be found here. Insiders bought 27,647 shares of company stock worth $480,228 over the last ninety days. 3.68% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Two Sigma Advisers LP purchased a new stake in Conn’s in the 4th quarter valued at $224,000. Bank of America Corp DE lifted its stake in shares of Conn’s by 2.5% in the 4th quarter. Bank of America Corp DE now owns 42,163 shares of the specialty retailer’s stock valued at $795,000 after purchasing an additional 1,011 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Conn’s by 28.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,875,092 shares of the specialty retailer’s stock valued at $35,365,000 after purchasing an additional 411,845 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Conn’s in the 1st quarter valued at $258,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Conn’s by 10.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 44,096 shares of the specialty retailer’s stock valued at $1,008,000 after purchasing an additional 4,073 shares during the last quarter. 77.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CONN traded down $0.81 during mid-day trading on Friday, reaching $19.48. The company’s stock had a trading volume of 487,171 shares, compared to its average volume of 402,908. The business has a fifty day moving average of $19.21 and a 200 day moving average of $21.38. The company has a market cap of $647.70 million, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 0.32 and a beta of 2.21. Conn’s has a 1 year low of $15.40 and a 1 year high of $42.65. The company has a quick ratio of 4.28, a current ratio of 5.41 and a debt-to-equity ratio of 1.90.
Conn’s (NASDAQ:CONN) last released its earnings results on Friday, May 31st. The specialty retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The company had revenue of $353.50 million during the quarter, compared to analyst estimates of $366.66 million. Conn’s had a return on equity of 14.38% and a net margin of 5.22%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, analysts predict that Conn’s will post 2.74 earnings per share for the current year.
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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