Brokerages Set Conn’s Inc (CONN) Target Price at $41.00

Conn’s Inc (NASDAQ:CONN) has received an average rating of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.00.

A number of research analysts recently commented on the company. BidaskClub cut Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. Zacks Investment Research raised Conn’s from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine raised Conn’s from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus increased their target price on Conn’s from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, June 8th. Finally, KeyCorp increased their target price on Conn’s from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, July 10th.

Shares of CONN stock traded down $1.80 on Friday, reaching $34.75. The company’s stock had a trading volume of 578,469 shares, compared to its average volume of 517,192. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.08 and a current ratio of 5.06. Conn’s has a 12-month low of $16.55 and a 12-month high of $38.55. The company has a market capitalization of $1.10 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 0.68 and a beta of 1.65.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings data on Monday, June 4th. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.13. The company had revenue of $358.40 million for the quarter, compared to the consensus estimate of $355.10 million. Conn’s had a return on equity of 8.37% and a net margin of 1.43%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share. sell-side analysts forecast that Conn’s will post 2.24 EPS for the current fiscal year.

In other news, Director Bob L. Martin sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $37.50, for a total transaction of $300,000.00. Following the transaction, the director now directly owns 49,265 shares of the company’s stock, valued at $1,847,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bob L. Martin sold 6,000 shares of the firm’s stock in a transaction dated Friday, July 13th. The shares were sold at an average price of $37.74, for a total value of $226,440.00. Following the transaction, the director now directly owns 59,865 shares in the company, valued at $2,259,305.10. The disclosure for this sale can be found here. In the last three months, insiders sold 15,000 shares of company stock worth $563,190. 3.34% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Sei Investments Co. grew its stake in shares of Conn’s by 24.7% during the first quarter. Sei Investments Co. now owns 12,492 shares of the specialty retailer’s stock valued at $425,000 after buying an additional 2,474 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Conn’s by 8.6% during the first quarter. Swiss National Bank now owns 35,200 shares of the specialty retailer’s stock worth $1,197,000 after purchasing an additional 2,800 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Conn’s by 39.1% during the fourth quarter. Macquarie Group Ltd. now owns 15,300 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 4,300 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Conn’s by 23.8% during the fourth quarter. Alliancebernstein L.P. now owns 24,430 shares of the specialty retailer’s stock worth $868,000 after purchasing an additional 4,700 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Conn’s by 2.1% during the first quarter. Northern Trust Corp now owns 249,609 shares of the specialty retailer’s stock worth $8,487,000 after purchasing an additional 5,241 shares during the period. 67.71% of the stock is currently owned by hedge funds and other institutional investors.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

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Analyst Recommendations for Conn`s (NASDAQ:CONN)

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