Conn’s Inc (NASDAQ:CONN) Receives Average Rating of “Hold” from Analysts

Conn’s Inc (NASDAQ:CONN) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $32.40.

A number of analysts have recently commented on CONN shares. KeyCorp set a $41.00 price objective on shares of Conn’s and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Thursday, October 31st. BidaskClub lowered shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Saturday, November 16th. ValuEngine cut shares of Conn’s from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus reissued 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.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of Conn’s by 2.1% in the 2nd quarter. Northern Trust Corp now owns 417,565 shares of the specialty retailer’s stock valued at $7,441,000 after purchasing an additional 8,547 shares during the period. 6 Meridian acquired a new position in Conn’s during the third quarter worth approximately $286,000. Prudential Financial Inc. raised its stake in Conn’s by 9.4% in the second quarter. Prudential Financial Inc. now owns 363,395 shares of the specialty retailer’s stock valued at $6,476,000 after buying an additional 31,290 shares during the period. Magnetar Financial LLC bought a new stake in Conn’s in the second quarter valued at approximately $628,000. Finally, Envestnet Asset Management Inc. raised its stake in Conn’s by 12.1% in the third quarter. Envestnet Asset Management Inc. now owns 44,833 shares of the specialty retailer’s stock valued at $1,115,000 after buying an additional 4,855 shares during the period. 72.42% of the stock is owned by institutional investors.

NASDAQ CONN traded down $0.37 during trading on Tuesday, hitting $20.56. The stock had a trading volume of 395,807 shares, compared to its average volume of 525,653. The company has a market capitalization of $633.85 million, a PE ratio of 8.19, a P/E/G ratio of 0.35 and a beta of 2.04. The company’s 50-day moving average price is $23.56 and its two-hundred day moving average price is $21.43. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.97 and a current ratio of 5.01. Conn’s has a 12 month low of $15.40 and a 12 month high of $27.57.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.11. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. The company had revenue of $401.10 million during the quarter, compared to analysts’ expectations of $398.10 million. During the same period last year, the business earned $0.57 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Conn’s will post 2.7 earnings per share for the current fiscal year.

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.

Further Reading: P/E Growth (PEG)

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