Analysts Set Conn’s Inc (NASDAQ:CONN) PT at $33.50

Conn’s Inc (NASDAQ:CONN) has received an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $33.50.

CONN has been the subject of a number of research reports. BidaskClub cut shares of Conn’s from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 20th. Zacks Investment Research raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price target (up from $28.00) on shares of Conn’s in a research report on Tuesday, September 3rd. ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, KeyCorp set a $41.00 price target on shares of Conn’s and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

CONN stock traded down $0.88 during trading hours on Monday, reaching $25.23. The stock had a trading volume of 487,025 shares, compared to its average volume of 535,630. The stock has a market capitalization of $754.67 million, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.42 and a beta of 2.12. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.01 and a quick ratio of 3.97. The stock has a 50-day simple moving average of $24.56 and a 200 day simple moving average of $21.78. Conn’s has a fifty-two week low of $15.40 and a fifty-two week high of $30.80.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The firm had revenue of $401.10 million during the quarter, compared to analysts’ expectations of $398.10 million. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. On average, sell-side analysts forecast that Conn’s will post 2.73 EPS for the current fiscal year.

In related news, insider Brian Daly sold 8,700 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $27.00, for a total transaction of $234,900.00. Following the transaction, the insider now directly owns 47,482 shares of the company’s stock, valued at $1,282,014. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Todd Renaud sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $24.67, for a total transaction of $74,010.00. Following the transaction, the vice president now directly owns 35,141 shares in the company, valued at $866,928.47. The disclosure for this sale can be found here. 3.68% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Conn’s by 1.7% in the 2nd quarter. BlackRock Inc. now owns 3,428,201 shares of the specialty retailer’s stock valued at $61,091,000 after buying an additional 57,289 shares during the period. Vanguard Group Inc. increased its holdings in Conn’s by 9.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,094,359 shares of the specialty retailer’s stock valued at $37,321,000 after buying an additional 183,478 shares during the period. Morgan Stanley increased its holdings in Conn’s by 21.6% in the 2nd quarter. Morgan Stanley now owns 1,048,751 shares of the specialty retailer’s stock valued at $18,688,000 after buying an additional 186,498 shares during the period. Marshall Wace LLP increased its holdings in Conn’s by 2.5% in the 1st quarter. Marshall Wace LLP now owns 775,383 shares of the specialty retailer’s stock valued at $17,726,000 after buying an additional 18,788 shares during the period. Finally, Hodges Capital Management Inc. increased its holdings in Conn’s by 24.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 485,300 shares of the specialty retailer’s stock valued at $8,648,000 after buying an additional 95,665 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

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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