Conn’s, Inc. (NASDAQ:CONN) – SunTrust Banks dropped their Q4 2018 earnings per share estimates for shares of Conn’s in a note issued to investors on Thursday. SunTrust Banks analyst D. Magee now anticipates that the specialty retailer will post earnings of $0.19 per share for the quarter, down from their prior estimate of $0.30.
A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 3rd. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target (up from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. ValuEngine upgraded Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Conn’s in a research note on Tuesday, June 20th. Finally, Stephens restated an “overweight” rating and issued a $28.00 price target (up from $25.00) on shares of Conn’s in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.
Shares of Conn’s (NASDAQ CONN) traded down 0.43% on Monday, reaching $23.00. The company had a trading volume of 72,954 shares. The company has a 50 day moving average of $20.42 and a 200-day moving average of $16.09. Conn’s has a 52 week low of $7.75 and a 52 week high of $23.75. The company’s market capitalization is $713.30 million.
Conn’s (NASDAQ:CONN) last announced its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.28. Conn’s had a positive return on equity of 1.08% and a negative net margin of 0.14%. The company had revenue of $366.65 million for the quarter, compared to analyst estimates of $371.97 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year.
In other news, major shareholder W. R. Jr. Stephens bought 12,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were acquired at an average price of $18.85 per share, for a total transaction of $226,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.48% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of CONN. Northpointe Capital LLC acquired a new stake in shares of Conn’s during the second quarter worth about $5,052,000. Acadian Asset Management LLC acquired a new stake in shares of Conn’s during the second quarter worth about $4,766,000. EAM Investors LLC acquired a new stake in shares of Conn’s during the second quarter worth about $4,168,000. Royce & Associates LP increased its position in shares of Conn’s by 108.3% during the first quarter. Royce & Associates LP now owns 415,336 shares of the specialty retailer’s stock worth $3,634,000 after purchasing an additional 215,900 shares in the last quarter. Finally, State Street Corp increased its position in shares of Conn’s by 45.9% during the second quarter. State Street Corp now owns 566,793 shares of the specialty retailer’s stock worth $10,828,000 after purchasing an additional 178,277 shares in the last quarter. Institutional investors and hedge funds own 71.41% of the company’s stock.
Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.
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