Conn’s Inc (CONN) Receives $42.92 Average PT from Analysts

Shares of Conn’s Inc (NASDAQ:CONN) have been given an average rating of “Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.92.

CONN has been the subject of several research analyst reports. BidaskClub cut Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. ValuEngine cut Conn’s from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Compass Point restated a “hold” rating and issued a $38.50 price objective on shares of Conn’s in a research note on Friday, August 17th. Zacks Investment Research cut Conn’s from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, KeyCorp raised their price objective on Conn’s from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 10th.

Conn’s stock opened at $27.78 on Monday. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.83 and a quick ratio of 3.86. Conn’s has a one year low of $22.10 and a one year high of $42.65. The stock has a market capitalization of $939.15 million, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 0.53 and a beta of 1.78.



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

In other news, Director David Schofman sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $36.50, for a total value of $73,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.34% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CONN. Millennium Management LLC grew its holdings in Conn’s by 485.0% during the second quarter. Millennium Management LLC now owns 664,210 shares of the specialty retailer’s stock worth $21,919,000 after acquiring an additional 550,663 shares during the period. Hodges Capital Management Inc. grew its holdings in Conn’s by 1,375.7% during the second quarter. Hodges Capital Management Inc. now owns 398,440 shares of the specialty retailer’s stock worth $13,149,000 after acquiring an additional 371,440 shares during the period. Northern Trust Corp grew its holdings in Conn’s by 64.5% during the second quarter. Northern Trust Corp now owns 410,607 shares of the specialty retailer’s stock worth $13,550,000 after acquiring an additional 160,998 shares during the period. BlackRock Inc. grew its holdings in Conn’s by 6.9% during the second quarter. BlackRock Inc. now owns 1,470,515 shares of the specialty retailer’s stock worth $48,526,000 after acquiring an additional 94,710 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Conn’s by 11.6% during the second quarter. Russell Investments Group Ltd. now owns 573,881 shares of the specialty retailer’s stock worth $18,934,000 after acquiring an additional 59,467 shares during the period. 67.05% of the stock is currently owned by hedge funds and other 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. 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.

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Analyst Recommendations for Conn`s (NASDAQ:CONN)

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