Conn's Inc (CONN) is Luzich Partners LLC’s 8th Largest Position
Luzich Partners LLC raised its position in Conn's Inc (NASDAQ:CONN) by 3.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 315,822 shares of the specialty retailer’s stock after acquiring an additional 10,000 shares during the period. Conn's makes up about 7.5% of Luzich Partners LLC’s holdings, making the stock its 8th largest position. Luzich Partners LLC owned 1.01% of Conn's worth $8,890,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. acquired a new stake in Conn's in the third quarter valued at approximately $287,000. Allianz Asset Management GmbH acquired a new stake in Conn's in the third quarter valued at approximately $224,000. KBC Group NV acquired a new stake in Conn's in the third quarter valued at approximately $761,000. Wells Fargo & Company MN grew its stake in Conn's by 12.3% in the third quarter. Wells Fargo & Company MN now owns 18,188 shares of the specialty retailer’s stock valued at $512,000 after acquiring an additional 1,996 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Conn's by 37,046.2% in the third quarter. JPMorgan Chase & Co. now owns 163,072 shares of the specialty retailer’s stock valued at $4,182,000 after acquiring an additional 162,633 shares during the period. 71.94% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. TheStreet raised Conn's from a “d+” rating to a “c” rating in a research note on Thursday, September 7th. Stephens raised their price objective on Conn's from $39.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer raised Conn's from a “market perform” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, September 29th. BidaskClub raised Conn's from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, KeyCorp reissued an “overweight” rating and issued a $22.00 price objective on shares of Conn's in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $37.50.
Conn's Inc (NASDAQ:CONN) opened at $32.50 on Friday. Conn's Inc has a fifty-two week low of $7.75 and a fifty-two week high of $37.80. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $1,040.00, a P/E ratio of 72.04, a PEG ratio of 1.56 and a beta of 1.86.
Conn's (NASDAQ:CONN) last posted its earnings results on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.14. Conn's had a return on equity of 2.64% and a net margin of 0.21%. The company had revenue of $373.20 million for the quarter, compared to analyst estimates of $372.40 million. During the same quarter last year, the company earned ($0.08) earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. sell-side analysts forecast that Conn's Inc will post 0.88 EPS for the current fiscal year.
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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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