Conn’s Inc (NASDAQ:CONN) Receives Average Rating of “Hold” from Analysts

Conn’s Inc (NASDAQ:CONN) has received an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $32.25.

CONN has been the topic of several research reports. ValuEngine downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Thursday, October 31st. Stifel Nicolaus reissued a “buy” rating and set a $31.00 price target (up from $28.00) on shares of Conn’s in a research report on Tuesday, September 3rd. BidaskClub cut shares of Conn’s from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, KeyCorp set a $41.00 price objective on shares of Conn’s and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

Shares of NASDAQ:CONN traded up $0.21 during trading hours on Tuesday, hitting $19.42. The company’s stock had a trading volume of 667,416 shares, compared to its average volume of 334,589. The firm’s fifty day moving average price is $23.07 and its 200 day moving average price is $21.35. Conn’s has a 52 week low of $15.40 and a 52 week high of $27.57. The company has a market capitalization of $555.23 million, a price-to-earnings ratio of 7.74, a P/E/G ratio of 0.31 and a beta of 2.03. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.01 and a quick ratio of 3.97.

In related news, VP Todd Renaud sold 3,000 shares of Conn’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $24.67, for a total value of $74,010.00. Following the completion of the sale, the vice president now directly owns 35,141 shares in the company, valued at approximately $866,928.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Daly sold 8,700 shares of Conn’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 3.68% of the company’s stock.

A number of institutional investors have recently modified their holdings of CONN. Stifel Financial Corp increased its holdings in Conn’s by 1.4% in the third quarter. Stifel Financial Corp now owns 68,654 shares of the specialty retailer’s stock valued at $1,706,000 after buying an additional 930 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Conn’s by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 11,883 shares of the specialty retailer’s stock worth $211,000 after buying an additional 1,637 shares during the period. Tyers Asset Management LLC raised its stake in shares of Conn’s by 229.5% during the 2nd quarter. Tyers Asset Management LLC now owns 3,216 shares of the specialty retailer’s stock worth $57,000 after buying an additional 2,240 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Conn’s by 218.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,500 shares of the specialty retailer’s stock valued at $62,000 after buying an additional 2,400 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Conn’s by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 39,978 shares of the specialty retailer’s stock valued at $712,000 after acquiring an additional 2,696 shares during the period. Institutional investors and hedge funds own 72.42% 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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