UBS AG upgraded shares of Conn's Inc (NASDAQ:CONN) from a market perform rating to an outperform rating in a research note released on Friday, The Fly reports.

A number of other research analysts also recently issued reports on the stock. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Conn's in a research report on Tuesday, June 6th. TheStreet raised shares of Conn's from a d+ rating to a c rating in a research report on Thursday, September 7th. KeyCorp reissued an overweight rating and set a $22.00 target price on shares of Conn's in a research report on Tuesday, September 5th. BidaskClub cut shares of Conn's from a buy rating to a hold rating in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Conn's from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $28.60.

Shares of Conn's (NASDAQ CONN) opened at 27.95 on Friday. The company’s 50-day moving average is $21.29 and its 200 day moving average is $17.83. Conn's has a 12 month low of $7.75 and a 12 month high of $28.60. The stock’s market capitalization is $872.21 million.

Conn's (NASDAQ:CONN) last posted its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.28. The company had revenue of $366.65 million for the quarter, compared to analyst estimates of $371.97 million. Conn's had a return on equity of 3.29% and a net margin of 1.17%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts predict that Conn's will post $0.74 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/conns-inc-conn-upgraded-by-ubs-ag-to-outperform/1604247.html.

In related news, major shareholder W. R. Jr. Stephens acquired 12,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average cost of $18.85 per share, with a total value of $226,200.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.48% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. American International Group Inc. increased its stake in Conn's by 7.1% during the 1st quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 830 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in shares of Conn's in the second quarter worth $114,000. Voya Investment Management LLC purchased a new position in shares of Conn's in the second quarter worth $215,000. GSA Capital Partners LLP purchased a new position in shares of Conn's in the second quarter worth $258,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Conn's by 2.5% in the second quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock worth $310,000 after buying an additional 400 shares during the last quarter. 70.97% of the stock is currently owned by institutional investors.

About Conn's

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.

The Fly

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.