Conn’s (NASDAQ:CONN) Rating Increased to Hold at ValuEngine

Conn’s (NASDAQ:CONN) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, April 18th, ValuEngine reports.

Several other analysts have also recently commented on the company. Stifel Nicolaus lowered their price target on Conn’s from $40.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, January 22nd. BidaskClub upgraded Conn’s from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research lowered Conn’s from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $37.50.

Conn’s stock traded down $0.10 during midday trading on Thursday, reaching $24.27. 224,453 shares of the company were exchanged, compared to its average volume of 270,773. The stock has a market cap of $777.01 million, a PE ratio of 9.67, a P/E/G ratio of 0.38 and a beta of 2.22. Conn’s has a 1 year low of $17.00 and a 1 year high of $42.65. The company has a current ratio of 4.27, a quick ratio of 3.34 and a debt-to-equity ratio of 1.45.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Tuesday, March 26th. The specialty retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. The firm had revenue of $432.98 million during the quarter, compared to analysts’ expectations of $437.95 million. Conn’s had a return on equity of 13.97% and a net margin of 4.76%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. On average, equities analysts predict that Conn’s will post 2.81 EPS for the current year.

In related news, VP Todd Renaud sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $25.01, for a total transaction of $62,525.00. Following the transaction, the vice president now directly owns 38,538 shares of the company’s stock, valued at approximately $963,835.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.68% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CONN. Wells Fargo & Company MN raised its position in shares of Conn’s by 234.2% in the 3rd quarter. Wells Fargo & Company MN now owns 43,895 shares of the specialty retailer’s stock valued at $1,552,000 after purchasing an additional 30,761 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Conn’s by 8.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 116,032 shares of the specialty retailer’s stock worth $4,101,000 after buying an additional 9,331 shares during the last quarter. Hsbc Holdings PLC bought a new position in Conn’s during the 3rd quarter worth $645,000. JPMorgan Chase & Co. grew its stake in Conn’s by 87.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 879,797 shares of the specialty retailer’s stock worth $31,100,000 after buying an additional 410,313 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Conn’s by 142.9% during the 3rd quarter. Deutsche Bank AG now owns 334,095 shares of the specialty retailer’s stock worth $11,807,000 after buying an additional 196,559 shares during the last quarter. 70.40% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Conn`s (NASDAQ:CONN)

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