Shares of Conn's Inc (NASDAQ:CONN) have received an average recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $34.60.

A number of research firms recently issued reports on CONN. Zacks Investment Research upgraded shares of Conn's from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, September 13th. SunTrust Banks reiterated a “buy” rating and set a $33.00 target price on shares of Conn's in a research report on Thursday, October 19th. Stifel Nicolaus downgraded shares of Conn's from a “buy” rating to a “hold” rating and boosted their target price for the company from $26.00 to $30.00 in a research report on Monday, October 9th. Oppenheimer reiterated a “hold” rating on shares of Conn's in a research report on Thursday, September 14th. Finally, BidaskClub upgraded shares of Conn's from a “hold” rating to a “buy” rating in a research report on Thursday.

Conn's (NASDAQ:CONN) traded down $1.90 during trading on Friday, hitting $31.40. 786,484 shares of the company were exchanged, compared to its average volume of 595,910. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84. Conn's has a 52 week low of $7.75 and a 52 week high of $37.80. The firm has a market cap of $1,044.64, a P/E ratio of 75.68, a PEG ratio of 2.34 and a beta of 1.86.

Conn's (NASDAQ:CONN) last released its earnings results on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.14. Conn's had a net margin of 0.21% and a return on equity of 2.64%. The company had revenue of $373.20 million for the quarter, compared to the consensus estimate of $372.40 million. During the same quarter in the previous year, the company earned ($0.08) EPS. Conn's’s quarterly revenue was down 1.0% compared to the same quarter last year. analysts anticipate that Conn's will post 0.62 earnings per share for the current fiscal year.

In other news, major shareholder Harriet C. Stephens bought 42,000 shares of Conn's stock in a transaction dated Friday, October 13th. The stock was purchased at an average price of $25.40 per share, for a total transaction of $1,066,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Harriet C. Stephens bought 23,000 shares of Conn's stock in a transaction dated Monday, October 16th. The stock was purchased at an average price of $25.50 per share, with a total value of $586,500.00. The disclosure for this purchase can be found here. Corporate insiders own 3.48% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rational Advisors LLC bought a new stake in shares of Conn's in the 3rd quarter worth $108,000. Quantbot Technologies LP grew its position in Conn's by 110.2% during the third quarter. Quantbot Technologies LP now owns 3,864 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 2,026 shares during the period. ClariVest Asset Management LLC bought a new position in Conn's during the second quarter valued at about $114,000. Allianz Asset Management GmbH bought a new position in Conn's during the third quarter valued at about $224,000. Finally, Yorktown Management & Research Co Inc bought a new position in Conn's during the third quarter valued at about $241,000. Hedge funds and other institutional investors own 71.94% of the company’s stock.

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Conn's Company Profile

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

Analyst Recommendations for Conn's (NASDAQ:CONN)

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