Analysts Set Conn's Inc (CONN) Price Target at $34.60
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.
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.
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.
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