Conn’s (CONN) Price Target Cut to $33.00

Conn’s (NASDAQ:CONN) had its target price cut by equities research analysts at Stephens to $33.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Stephens’ price target indicates a potential upside of 32.05% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group initiated coverage on shares of Conn’s in a research note on Thursday, August 16th. They set a “buy” rating and a $44.00 price objective on the stock. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Friday, September 7th. ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Compass Point reissued a “hold” rating and set a $38.50 price objective on shares of Conn’s in a research note on Friday, August 17th. Finally, BidaskClub lowered shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $40.93.

NASDAQ:CONN opened at $24.99 on Wednesday. Conn’s has a one year low of $22.10 and a one year high of $42.65. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.86 and a current ratio of 4.83. The stock has a market cap of $786.14 million, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 0.44 and a beta of 1.87.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Tuesday, December 4th. The specialty retailer reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Conn’s had a net margin of 3.09% and a return on equity of 12.36%. The business had revenue of $373.80 million for the quarter, compared to analyst estimates of $383.59 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Conn’s’s quarterly revenue was up .2% on a year-over-year basis. Research analysts anticipate that Conn’s will post 2.45 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Conn’s in the second quarter worth approximately $1,590,000. Millennium Management LLC lifted its stake in shares of Conn’s by 485.0% in the second quarter. Millennium Management LLC now owns 664,210 shares of the specialty retailer’s stock worth $21,919,000 after buying an additional 550,663 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Conn’s by 11.6% in the second quarter. Russell Investments Group Ltd. now owns 573,881 shares of the specialty retailer’s stock worth $18,934,000 after buying an additional 59,467 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Conn’s in the second quarter worth approximately $962,000. Finally, Yorktown Management & Research Co Inc lifted its stake in shares of Conn’s by 144.5% in the second quarter. Yorktown Management & Research Co Inc now owns 20,905 shares of the specialty retailer’s stock worth $690,000 after buying an additional 12,355 shares in the last quarter. Hedge funds and other institutional investors own 68.54% of the company’s stock.

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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The Fly

Analyst Recommendations for Conn`s (NASDAQ:CONN)

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