Conn’s (CONN) Price Target Cut to $33.00

Conn’s (NASDAQ:CONN) had its price objective decreased by research analysts at Stephens to $33.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Stephens’ price target indicates a potential upside of 32.05% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Conn’s in a report on Thursday, August 16th. They set a “buy” rating and a $44.00 target price for the company. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Friday, September 7th. ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Compass Point reissued a “hold” rating and issued a $38.50 price objective on shares of Conn’s in a research note on Friday, August 17th. Finally, BidaskClub cut shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.93.

Shares of CONN stock opened at $24.99 on Wednesday. Conn’s has a 12 month low of $22.10 and a 12 month high of $42.65. The company has a market cap of $786.14 million, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 0.44 and a beta of 1.87. 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 (NASDAQ:CONN) last announced its earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Conn’s had a net margin of 3.09% and a return on equity of 12.36%. The business had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $383.59 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, research analysts predict that Conn’s will post 2.45 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Conn’s in the third quarter worth $4,071,000. Vanguard Group Inc. increased its stake in shares of Conn’s by 5.8% in the third quarter. Vanguard Group Inc. now owns 1,443,047 shares of the specialty retailer’s stock worth $51,011,000 after purchasing an additional 78,920 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Conn’s by 7.0% in the third quarter. Nordea Investment Management AB now owns 135,237 shares of the specialty retailer’s stock worth $4,780,000 after purchasing an additional 8,885 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Conn’s by 22.4% in the third quarter. TIAA CREF Investment Management LLC now owns 125,027 shares of the specialty retailer’s stock worth $4,420,000 after purchasing an additional 22,875 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Conn’s by 4.9% in the third quarter. Teachers Advisors LLC now owns 42,560 shares of the specialty retailer’s stock worth $1,504,000 after purchasing an additional 1,998 shares in the last quarter. 68.54% of the stock is owned by hedge funds and other institutional investors.

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.

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