Somewhat Positive Press Coverage Somewhat Unlikely to Impact Conn’s (CONN) Stock Price

Media stories about Conn’s (NASDAQ:CONN) have trended somewhat positive on Monday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Conn’s earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 47.7423235677361 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

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Several analysts have weighed in on CONN shares. BidaskClub downgraded Conn’s from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine raised Conn’s from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Zacks Investment Research downgraded Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.50.

Conn’s stock traded up $0.65 during mid-day trading on Monday, hitting $28.40. 59,536 shares of the company’s stock traded hands, compared to its average volume of 494,594. The company has a debt-to-equity ratio of 2.04, a current ratio of 6.58 and a quick ratio of 5.29. The company has a market capitalization of $875.60, a P/E ratio of 29.89, a PEG ratio of 0.54 and a beta of 1.71. Conn’s has a one year low of $12.60 and a one year high of $37.80.

Conn’s (NASDAQ:CONN) last announced its earnings results on Thursday, April 5th. The specialty retailer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $420.40 million for the quarter, compared to the consensus estimate of $429.67 million. Conn’s had a return on equity of 5.72% and a net margin of 0.43%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. research analysts expect that Conn’s will post 2.24 earnings per share for the current fiscal year.

In other news, insider Brian Daly purchased 5,100 shares of the stock in a transaction dated Monday, April 9th. The shares were bought at an average cost of $27.87 per share, for a total transaction of $142,137.00. Following the transaction, the insider now owns 55,206 shares in the company, valued at $1,538,591.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO George L. Bchara purchased 7,390 shares of the stock in a transaction dated Tuesday, April 10th. The shares were purchased at an average price of $27.41 per share, for a total transaction of $202,559.90. Following the completion of the transaction, the chief accounting officer now owns 42,816 shares in the company, valued at approximately $1,173,586.56. The disclosure for this purchase can be found here. 3.48% of the stock is owned by insiders.

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About Conn’s

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 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 comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories.

Insider Buying and Selling by Quarter for Conn`s (NASDAQ:CONN)

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