Conn’s (NASDAQ:CONN) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Conn’s (NASDAQ:CONN) from a buy rating to a strong-buy rating in a report released on Thursday morning, BidAskClub reports.

Several other equities analysts have also weighed in on CONN. Zacks Investment Research upgraded Conn’s from a sell rating to a hold rating in a research note on Tuesday, August 6th. KeyCorp set a $41.00 price target on Conn’s and gave the company a buy rating in a research note on Wednesday, September 4th. Stifel Nicolaus restated a buy rating and issued a $31.00 price target (up previously from $28.00) on shares of Conn’s in a research note on Tuesday, September 3rd. Finally, ValuEngine upgraded Conn’s from a sell rating to a hold rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Conn’s presently has a consensus rating of Buy and an average price target of $33.50.

Shares of CONN stock traded down $0.29 on Thursday, hitting $26.42. The company had a trading volume of 495,741 shares, compared to its average volume of 557,011. The firm has a market cap of $776.69 million, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.42 and a beta of 2.19. The company has a 50-day moving average price of $20.66 and a 200-day moving average price of $21.46. The company has a quick ratio of 3.97, a current ratio of 5.01 and a debt-to-equity ratio of 2.01. Conn’s has a twelve month low of $15.40 and a twelve month high of $37.70.



Conn’s (NASDAQ:CONN) last announced its quarterly earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $401.10 million during the quarter, compared to analyst estimates of $398.10 million. During the same quarter in the previous year, the business earned $0.57 EPS. Conn’s’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts expect that Conn’s will post 2.73 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its stake in Conn’s by 5.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,330 shares of the specialty retailer’s stock worth $202,000 after buying an additional 617 shares in the last quarter. Bank of America Corp DE increased its stake in Conn’s by 2.5% during the 4th quarter. Bank of America Corp DE now owns 42,163 shares of the specialty retailer’s stock worth $795,000 after buying an additional 1,011 shares in the last quarter. Bank of Montreal Can increased its stake in Conn’s by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 11,883 shares of the specialty retailer’s stock worth $211,000 after buying an additional 1,637 shares in the last quarter. Tyers Asset Management LLC increased its stake in Conn’s by 229.5% during the 2nd quarter. Tyers Asset Management LLC now owns 3,216 shares of the specialty retailer’s stock worth $57,000 after buying an additional 2,240 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Conn’s by 218.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,500 shares of the specialty retailer’s stock worth $62,000 after buying an additional 2,400 shares in the last quarter. Institutional investors own 78.65% of the company’s stock.

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.

See Also: Net Margin – Understanding the Different Kinds of Profit

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.