Shares of Conn’s Inc (NASDAQ:CONN) have received an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $36.80.
CONN has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Conn’s from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, January 22nd. Compass Point upgraded shares of Conn’s from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, December 10th. Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 4th. Stephens lowered their price target on shares of Conn’s to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 5th. Finally, ValuEngine lowered shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th.
Shares of CONN stock opened at $20.02 on Wednesday. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 1.57. Conn’s has a 1 year low of $17.00 and a 1 year high of $42.65. The firm has a market capitalization of $635.19 million, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 0.31 and a beta of 1.89.
In other news, insider Brian Daly acquired 4,200 shares of the stock in a transaction dated Thursday, December 6th. The shares were bought at an average cost of $23.05 per share, for a total transaction of $96,810.00. Following the purchase, the insider now directly owns 58,533 shares of the company’s stock, valued at $1,349,185.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.34% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of Conn’s by 24,061.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 3,128 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in shares of Conn’s by 213.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 3,483 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 2,372 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of Conn’s during the 4th quarter worth about $93,000. Victory Capital Management Inc. acquired a new position in shares of Conn’s during the 3rd quarter worth about $187,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Conn’s during the 3rd quarter worth about $216,000. Institutional investors own 68.02% of the company’s stock.
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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