Conn's Inc (NASDAQ:CONN) was the recipient of some unusual options trading on Tuesday. Investors purchased 1,045 call options on the company. This is an increase of 833% compared to the average volume of 112 call options.
Shares of Conn's (NASDAQ CONN) opened at $33.40 on Wednesday. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1,072.87, a PE ratio of 303.66, a P/E/G ratio of 0.61 and a beta of 1.79. Conn's has a 12 month low of $7.75 and a 12 month high of $37.80.
In other news, major shareholder Anchorage Capital Group, L.L.C sold 1,600,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $34.05, for a total transaction of $54,480,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.48% of the stock is currently owned by company insiders.
A number of brokerages have recently issued reports on CONN. Oppenheimer reaffirmed a “buy” rating on shares of Conn's in a research note on Wednesday, December 13th. Stephens raised their price objective on Conn's from $39.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. BidaskClub raised Conn's from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research raised Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, December 12th. Finally, ValuEngine raised Conn's from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating, six 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 $37.50.
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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