Conn’s (CONN) Earns Daily Coverage Optimism Rating of 0.01
Press coverage about Conn’s (NASDAQ:CONN) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Conn’s earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 46.4703794014306 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Conn’s Woes Are Not Over – Seeking Alpha (seekingalpha.com)
- FMW Media Works and Recruiter.com Media Group Announce Partnership to Extend Social Media Reach for OTC and Small Cap Companies (newswire.com)
- Balance Point Capital Announces its Investment in APS Technology, Inc. (prnewswire.com)
- Galen Partners Completes Sale of Cambrooke Therapeutics (einpresswire.com)
- Boehringer Ingelheim Presents New Data for Pradaxa® and its Specific Reversal Agent Idarucizumab (Praxbind®) at AHA Scientific Sessions 2017 (bizjournals.com)
A number of research firms recently weighed in on CONN. Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Conn’s in a report on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $33.00 price target on shares of Conn’s in a report on Thursday, October 19th. KeyCorp reaffirmed an “overweight” rating and set a $42.00 price target (up from $24.00) on shares of Conn’s in a report on Wednesday, October 18th. Finally, Stifel Nicolaus lowered shares of Conn’s from a “buy” rating to a “hold” rating and raised their price target for the company from $26.00 to $30.00 in a report on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.33.
Conn’s (CONN) traded down $0.05 during midday trading on Friday, reaching $30.40. 350,800 shares of the company’s stock were exchanged, compared to its average volume of 600,307. Conn’s has a 12-month low of $7.75 and a 12-month high of $32.90. The company has a quick ratio of 4.70, a current ratio of 5.80 and a debt-to-equity ratio of 2.02. The company has a market cap of $950.25, a P/E ratio of 169.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.87.
Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Thursday, September 7th. The specialty retailer reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.28. Conn’s had a negative net margin of 0.14% and a positive return on equity of 1.08%. The firm had revenue of $366.65 million for the quarter, compared to the consensus estimate of $371.97 million. During the same period in the prior year, the firm posted ($0.04) EPS. The firm’s revenue was down 7.9% compared to the same quarter last year. research analysts predict that Conn’s will post 0.6 EPS for the current fiscal year.
In related news, major shareholder Harriet C. Stephens acquired 42,000 shares of Conn’s stock in a transaction on Friday, October 13th. The shares were purchased at an average cost of $25.40 per share, for a total transaction of $1,066,800.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Harriet C. Stephens acquired 23,000 shares of Conn’s stock in a transaction on Monday, October 16th. The shares were bought at an average price of $25.50 per share, for a total transaction of $586,500.00. The disclosure for this purchase can be found here. Corporate insiders own 3.48% 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.
Receive News & Ratings for Conn's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.