Conn’s Inc (NASDAQ:CONN) has been given an average rating of “Buy” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $33.50.

Several equities research analysts have commented on the stock. BidaskClub downgraded shares of Conn’s from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 20th. Zacks Investment Research raised shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. KeyCorp set a $41.00 target price on shares of Conn’s and gave the company a “buy” rating in a research note on Wednesday, September 4th. ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 target price (up previously from $28.00) on shares of Conn’s in a research note on Tuesday, September 3rd.

In other news, insider Brian Daly sold 8,700 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $27.00, for a total transaction of $234,900.00. Following the completion of the sale, the insider now owns 47,482 shares of the company’s stock, valued at $1,282,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd Renaud sold 3,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $24.67, for a total transaction of $74,010.00. Following the sale, the vice president now directly owns 35,141 shares of the company’s stock, valued at approximately $866,928.47. The disclosure for this sale can be found here. 3.68% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CONN. Marshall Wace LLP increased its position in shares of Conn’s by 2.5% during the first quarter. Marshall Wace LLP now owns 775,383 shares of the specialty retailer’s stock worth $17,726,000 after acquiring an additional 18,788 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in Conn’s by 229.7% during the first quarter. Marshall Wace North America L.P. now owns 186,050 shares of the specialty retailer’s stock worth $4,252,000 after purchasing an additional 129,617 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Conn’s by 4.5% during the first quarter. Nordea Investment Management AB now owns 141,376 shares of the specialty retailer’s stock worth $3,232,000 after purchasing an additional 6,139 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Conn’s during the second quarter worth $795,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in Conn’s by 5.8% during the second quarter. Crossmark Global Holdings Inc. now owns 11,330 shares of the specialty retailer’s stock worth $202,000 after purchasing an additional 617 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

NASDAQ:CONN traded up $0.45 during trading hours on Monday, hitting $25.68. The stock had a trading volume of 319,018 shares, compared to its average volume of 553,891. Conn’s has a one year low of $15.40 and a one year high of $30.80. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.97 and a current ratio of 5.01. The company has a market cap of $754.67 million, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.42 and a beta of 2.12. The business’s 50 day moving average is $24.56 and its 200-day moving average is $21.78.

Conn’s (NASDAQ:CONN) last issued its earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. The firm had revenue of $401.10 million during the quarter, compared to the consensus estimate of $398.10 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts anticipate that Conn’s will post 2.73 EPS for the current fiscal year.

About Conn’s

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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