According to Zacks, “Conns Inc is a specialty retailer currently operating retail locations in Texas and Louisiana. It sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products. They also sell home office equipment, lawn and garden products and bedding, and continue to introduce additional product categories for the home to help increase same store sales and to respond to their customers’ product needs. “
Several other research analysts have also recently commented on CONN. TheStreet upgraded shares of Conn’s from a “c+” rating to a “b-” rating in a report on Wednesday, April 17th. ValuEngine cut shares of Conn’s from a “sell” rating to a “strong sell” rating in a report on Monday, June 3rd. Finally, BidaskClub upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.00.
Shares of CONN opened at $20.29 on Wednesday. Conn’s has a 12 month low of $15.40 and a 12 month high of $42.65. The stock’s fifty day simple moving average is $18.41. The firm has a market capitalization of $653.12 million, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.33 and a beta of 2.25. The company has a debt-to-equity ratio of 1.90, a current ratio of 5.41 and a quick ratio of 4.28.
Conn’s (NASDAQ:CONN) last announced its earnings results on Friday, May 31st. The specialty retailer reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Conn’s had a net margin of 5.22% and a return on equity of 14.38%. The business had revenue of $353.50 million during the quarter, compared to analysts’ expectations of $366.66 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts predict that Conn’s will post 2.74 EPS for the current year.
In other news, Director William E. Saunders, Jr. purchased 10,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was purchased at an average price of $17.97 per share, for a total transaction of $179,700.00. Following the completion of the purchase, the director now directly owns 43,743 shares in the company, valued at approximately $786,061.71. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Lee A. Wright purchased 5,882 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $17.03 per share, with a total value of $100,170.46. Following the purchase, the chief operating officer now owns 203,189 shares of the company’s stock, valued at $3,460,308.67. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 27,647 shares of company stock valued at $480,228. Corporate insiders own 3.68% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Investors Research Corp acquired a new stake in Conn’s in the first quarter valued at $106,000. Aperio Group LLC bought a new position in shares of Conn’s in the second quarter valued at about $115,000. Metropolitan Life Insurance Co. NY raised its position in shares of Conn’s by 339.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,959 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 5,376 shares during the period. Mason Street Advisors LLC bought a new position in shares of Conn’s in the first quarter valued at about $179,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Conn’s in the first quarter valued at about $188,000. Hedge funds and other institutional investors own 76.99% 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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