ValuEngine Lowers Conn’s (CONN) to Sell

ValuEngine downgraded shares of Conn’s (NASDAQ:CONN) from a hold rating to a sell rating in a report released on Wednesday.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of Conn’s in a research report on Thursday, August 16th. They set a buy rating and a $44.00 target price for the company. Stifel Nicolaus raised shares of Conn’s from a hold rating to a buy rating and increased their target price for the company from $35.00 to $45.00 in a research report on Tuesday, July 10th. BidaskClub raised shares of Conn’s from a hold rating to a buy rating in a research report on Tuesday, July 10th. Compass Point reissued a hold rating and set a $38.50 target price on shares of Conn’s in a research report on Friday, August 17th. Finally, Zacks Investment Research downgraded shares of Conn’s from a buy rating to a hold rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $42.50.

Shares of Conn’s stock traded down $0.84 on Wednesday, hitting $27.58. The stock had a trading volume of 289,765 shares, compared to its average volume of 356,091. Conn’s has a twelve month low of $22.10 and a twelve month high of $42.65. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.83 and a quick ratio of 3.86. The company has a market capitalization of $873.87 million, a P/E ratio of 29.03, a P/E/G ratio of 0.49 and a beta of 1.78.



Conn’s (NASDAQ:CONN) last released its earnings results on Tuesday, September 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.16. The business had revenue of $384.60 million during the quarter, compared to the consensus estimate of $383.96 million. Conn’s had a net margin of 2.25% and a return on equity of 10.05%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. Equities analysts anticipate that Conn’s will post 2.45 EPS for the current year.

In other Conn’s news, Director David Schofman sold 2,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $36.50, for a total transaction of $73,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.34% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of CONN. Schwab Charles Investment Management Inc. boosted its holdings in shares of Conn’s by 7.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 123,281 shares of the specialty retailer’s stock worth $4,192,000 after buying an additional 8,281 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Conn’s by 2.1% during the 1st quarter. Northern Trust Corp now owns 249,609 shares of the specialty retailer’s stock worth $8,487,000 after buying an additional 5,241 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Conn’s by 24.7% during the 1st quarter. Sei Investments Co. now owns 12,492 shares of the specialty retailer’s stock worth $425,000 after buying an additional 2,474 shares in the last quarter. A.R.T. Advisors LLC boosted its holdings in shares of Conn’s by 72.9% during the 1st quarter. A.R.T. Advisors LLC now owns 26,400 shares of the specialty retailer’s stock worth $897,000 after buying an additional 11,131 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new position in shares of Conn’s during the 1st quarter worth approximately $255,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

Further Reading: How is the discount rate different from the Federal Funds rate?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Conn`s (NASDAQ:CONN)

Receive News & Ratings for Conn's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply