Conn’s (CONN) Downgraded by ValuEngine

ValuEngine lowered shares of Conn’s (NASDAQ:CONN) from a buy rating to a hold rating in a research report released on Wednesday morning.

CONN has been the subject of a number of other reports. Zacks Investment Research raised shares of Conn’s from a hold rating to a strong-buy rating and set a $38.00 price objective for the company in a research note on Tuesday, July 3rd. Stifel Nicolaus raised shares of Conn’s from a hold rating to a buy rating and upped their price objective for the company from $35.00 to $45.00 in a research note on Tuesday, July 10th. BidaskClub raised shares of Conn’s from a hold rating to a buy rating in a research note on Tuesday, July 10th. KeyCorp upped their price objective on shares of Conn’s from $42.00 to $45.00 and gave the company an overweight rating in a research note on Tuesday, July 10th. Finally, Compass Point reaffirmed a hold rating and set a $38.50 price objective on shares of Conn’s in a research note on Friday, August 17th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $41.31.

NASDAQ:CONN opened at $34.95 on Wednesday. Conn’s has a twelve month low of $21.65 and a twelve month high of $42.65. The company has a debt-to-equity ratio of 1.61, a current ratio of 4.83 and a quick ratio of 3.86. The stock has a market cap of $1.11 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 0.63 and a beta of 1.63.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Tuesday, September 4th. The specialty retailer reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.16. Conn’s had a net margin of 2.25% and a return on equity of 10.05%. The company had revenue of $384.60 million during the quarter, compared to analyst estimates of $383.96 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. equities research analysts expect that Conn’s will post 2.41 earnings per share for the current year.

In other news, Director Bob L. Martin sold 8,000 shares of the stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $37.50, for a total value of $300,000.00. Following the completion of the sale, the director now directly owns 49,265 shares of the company’s stock, valued at $1,847,437.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Schofman sold 2,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $36.50, for a total transaction of $73,000.00. The disclosure for this sale can be found here. Insiders sold 16,000 shares of company stock valued at $599,440 over the last three months. 3.34% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. lifted its position in shares of Conn’s by 24.7% in the first quarter. Sei Investments Co. now owns 12,492 shares of the specialty retailer’s stock worth $425,000 after purchasing an additional 2,474 shares in the last quarter. Swiss National Bank lifted its position in shares of Conn’s by 8.6% in 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Conn’s by 24,061.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 3,128 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of Conn’s by 1,900.0% in the second quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Conn’s by 2.1% in the first quarter. Northern Trust Corp now owns 249,609 shares of the specialty retailer’s stock worth $8,487,000 after buying an additional 5,241 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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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