Brokerages Set Conn’s Inc (NASDAQ:CONN) Target Price at $18.10

Conn’s Inc (NASDAQ:CONN) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.10.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Conn’s from a “sell” rating to a “hold” rating in a report on Tuesday, June 16th. Stifel Nicolaus raised their target price on shares of Conn’s from $4.50 to $9.00 and gave the stock a “hold” rating in a research report on Thursday, June 11th. TheStreet downgraded shares of Conn’s from a “c-” rating to a “d” rating in a research note on Tuesday, June 9th. Oppenheimer assumed coverage on Conn’s in a research note on Wednesday, June 17th. They issued a “hold” rating on the stock. Finally, BidaskClub raised Conn’s from a “hold” rating to a “buy” rating in a research report on Tuesday, June 9th.

Shares of NASDAQ:CONN traded up $0.79 during midday trading on Friday, reaching $10.25. 1,643,076 shares of the company’s stock traded hands, compared to its average volume of 971,610. The company has a market cap of $274.54 million, a price-to-earnings ratio of -15.77 and a beta of 2.27. The company has a debt-to-equity ratio of 3.08, a quick ratio of 5.35 and a current ratio of 6.46. Conn’s has a one year low of $2.83 and a one year high of $27.57. The stock has a 50 day moving average of $7.60 and a 200 day moving average of $8.14.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings results on Tuesday, June 9th. The specialty retailer reported ($1.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($1.57). The business had revenue of $317.20 million for the quarter, compared to the consensus estimate of $309.86 million. Conn’s had a negative net margin of 1.06% and a negative return on equity of 1.78%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Sell-side analysts predict that Conn’s will post -1.61 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CONN. Tower Research Capital LLC TRC boosted its holdings in shares of Conn’s by 274.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,906 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 7,994 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Conn’s by 24.1% during the 1st quarter. Texas Permanent School Fund now owns 16,189 shares of the specialty retailer’s stock valued at $68,000 after purchasing an additional 3,141 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Conn’s by 21.6% in the 4th quarter. Victory Capital Management Inc. now owns 8,177 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 1,452 shares in the last quarter. Point72 Hong Kong Ltd grew its stake in Conn’s by 29.3% during the 4th quarter. Point72 Hong Kong Ltd now owns 7,430 shares of the specialty retailer’s stock worth $92,000 after buying an additional 1,684 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in Conn’s during the 4th quarter valued at about $100,000. Institutional investors and hedge funds own 63.90% of the company’s stock.

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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