Conn’s Inc (NASDAQ:CONN) – Oppenheimer raised their FY2020 EPS estimates for Conn’s in a report released on Tuesday, September 3rd, according to Zacks Investment Research. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings of $2.82 per share for the year, up from their previous forecast of $2.77. Oppenheimer also issued estimates for Conn’s’ Q4 2020 earnings at $1.02 EPS.
Several other research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. KeyCorp set a $41.00 price target on shares of Conn’s and gave the stock a “buy” rating in a report on Wednesday, September 4th. BidaskClub cut shares of Conn’s from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Stifel Nicolaus restated a “buy” rating and set a $31.00 price target (up from $28.00) on shares of Conn’s in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.50.
Shares of NASDAQ:CONN traded down $0.92 during midday trading on Friday, hitting $23.75. 481,560 shares of the company’s stock were exchanged, compared to its average volume of 920,989. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.01 and a quick ratio of 3.97. The stock has a 50 day moving average price of $21.51 and a 200-day moving average price of $21.55. The company has a market cap of $715.65 million, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.39 and a beta of 2.19. Conn’s has a 12 month low of $15.40 and a 12 month high of $37.70.
Conn’s (NASDAQ:CONN) last posted its earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.51 by $0.11. The company had revenue of $401.10 million during the quarter, compared to the consensus estimate of $398.10 million. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CONN. Dimensional Fund Advisors LP boosted its stake in Conn’s by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,875,092 shares of the specialty retailer’s stock valued at $35,365,000 after acquiring an additional 411,845 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of Conn’s during the 2nd quarter valued at approximately $6,771,000. Morgan Stanley lifted its stake in shares of Conn’s by 21.6% during the 2nd quarter. Morgan Stanley now owns 1,048,751 shares of the specialty retailer’s stock valued at $18,688,000 after buying an additional 186,498 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Conn’s by 9.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,094,359 shares of the specialty retailer’s stock valued at $37,321,000 after buying an additional 183,478 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its stake in shares of Conn’s by 229.7% during the 1st quarter. Marshall Wace North America L.P. now owns 186,050 shares of the specialty retailer’s stock valued at $4,252,000 after buying an additional 129,617 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.
In other Conn’s news, insider Brian Daly sold 8,700 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $27.00, for a total value of $234,900.00. Following the transaction, the insider now directly owns 47,482 shares in the company, valued at $1,282,014. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd Renaud sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $24.67, for a total transaction of $74,010.00. Following the completion of the transaction, the vice president now owns 35,141 shares in the company, valued at $866,928.47. The disclosure for this sale can be found here. 3.68% of the stock is currently owned by insiders.
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.