Conn's Inc (NASDAQ:CONN) reached a new 52-week high during trading on Thursday . The company traded as high as $33.40 and last traded at $31.50, with a volume of 445700 shares traded. The stock had previously closed at $31.45.
A number of equities research analysts have commented on CONN shares. Zacks Investment Research downgraded shares of Conn's from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Oppenheimer raised shares of Conn's from a “market perform” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, September 29th. KeyCorp reaffirmed an “overweight” rating and issued a $22.00 target price on shares of Conn's in a research report on Tuesday, September 5th. TheStreet raised shares of Conn's from a “d+” rating to a “c” rating in a research report on Thursday, September 7th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $33.00 target price on shares of Conn's in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $33.33.
The company has a current ratio of 5.80, a quick ratio of 4.70 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $981.46, a PE ratio of 174.72, a PEG ratio of 2.21 and a beta of 1.86.
Conn's (NASDAQ:CONN) last issued its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Conn's had a negative net margin of 0.14% and a positive return on equity of 1.08%. The firm had revenue of $373.20 million during the quarter, compared to the consensus estimate of $372.40 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities analysts predict that Conn's Inc will post 0.62 EPS for the current year.
In related news, major shareholder Harriet C. Stephens purchased 23,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were acquired at an average price of $25.50 per share, for a total transaction of $586,500.00. 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 42,000 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was bought at an average price of $25.40 per share, for a total transaction of $1,066,800.00. The disclosure for this purchase can be found here. Corporate insiders own 3.48% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CONN. American International Group Inc. lifted its stake in Conn's by 7.1% in the 1st quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 830 shares in the last quarter. Geode Capital Management LLC lifted its stake in Conn's by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 191,076 shares of the specialty retailer’s stock worth $1,671,000 after purchasing an additional 4,672 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Conn's in the 2nd quarter worth $2,202,000. Schwab Charles Investment Management Inc. lifted its stake in Conn's by 19.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 87,229 shares of the specialty retailer’s stock worth $1,667,000 after purchasing an additional 14,314 shares in the last quarter. Finally, Falcon Point Capital LLC purchased a new stake in Conn's in the 2nd quarter worth $734,000. Institutional investors and hedge funds own 71.94% of the company’s stock.
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Conn's Company Profile
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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