Conn's Inc (CONN) Given Consensus Rating of “Buy” by Analysts

Shares of Conn's Inc (NASDAQ:CONN) have been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $33.80.

Several research analysts have recently weighed in on CONN shares. Oppenheimer reiterated a “buy” rating on shares of Conn's in a research note on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and set a $33.00 price target on shares of Conn's in a research note on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 price target (up previously from $20.00) on shares of Conn's in a research note on Friday, September 8th. BidaskClub upgraded shares of Conn's from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, TheStreet upgraded shares of Conn's from a “d+” rating to a “c” rating in a research note on Thursday, September 7th.

In related news, major shareholder Harriet C. Stephens purchased 42,000 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were acquired at an average price of $25.40 per share, for a total transaction of $1,066,800.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Harriet C. Stephens purchased 23,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was bought at an average price of $25.50 per share, for a total transaction of $586,500.00. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new stake in shares of Conn's in the 2nd quarter worth about $2,202,000. Chicago Equity Partners LLC bought a new stake in shares of Conn's in the 3rd quarter worth about $2,293,000. Luzich Partners LLC increased its holdings in shares of Conn's by 3.8% in the 2nd quarter. Luzich Partners LLC now owns 305,822 shares of the specialty retailer’s stock worth $5,841,000 after buying an additional 11,210 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Conn's by 81.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 49,876 shares of the specialty retailer’s stock worth $953,000 after buying an additional 22,439 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Conn's in the 3rd quarter worth about $6,050,000. Institutional investors and hedge funds own 71.94% of the company’s stock.

Shares of Conn's (CONN) traded up $1.40 during trading on Friday, hitting $33.10. 473,584 shares of the stock traded hands, compared to its average volume of 595,372. The stock has a market cap of $985.04, a PE ratio of 71.36, a PEG ratio of 1.55 and a beta of 1.86. Conn's has a 1-year low of $7.75 and a 1-year high of $37.80. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84.

Conn's (NASDAQ:CONN) last issued its quarterly earnings results on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.14. The business had revenue of $373.20 million for the quarter, compared to analysts’ expectations of $372.40 million. Conn's had a net margin of 0.21% and a return on equity of 2.64%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. equities research analysts expect that Conn's will post 0.88 EPS for the current fiscal year.

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About Conn's

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.

Analyst Recommendations for Conn's (NASDAQ:CONN)

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