Conn’s Inc (NASDAQ:CONN) – Equities researchers at KeyCorp reduced their FY2020 EPS estimates for shares of Conn’s in a research note issued on Tuesday, December 4th. KeyCorp analyst B. Thomas now forecasts that the specialty retailer will post earnings of $2.80 per share for the year, down from their previous forecast of $3.00.

Conn’s (NASDAQ:CONN) last posted its earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Conn’s had a net margin of 3.09% and a return on equity of 12.36%. The firm had revenue of $373.80 million during the quarter, compared to the consensus estimate of $383.59 million. During the same period last year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Stephens decreased their price target on shares of Conn’s to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday. Jefferies Financial Group began coverage on shares of Conn’s in a research note on Thursday, August 16th. They set a “buy” rating and a $44.00 price target on the stock. Compass Point reaffirmed a “hold” rating and set a $38.50 price target on shares of Conn’s in a research note on Friday, August 17th. Finally, BidaskClub cut shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.93.

NASDAQ:CONN opened at $24.99 on Thursday. Conn’s has a twelve month low of $22.10 and a twelve month high of $42.65. The stock has a market cap of $786.14 million, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 0.44 and a beta of 1.87. The company has a quick ratio of 3.86, a current ratio of 4.83 and a debt-to-equity ratio of 1.61.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of Conn’s in the third quarter worth approximately $4,071,000. Vanguard Group Inc. raised its holdings in Conn’s by 5.8% in the third quarter. Vanguard Group Inc. now owns 1,443,047 shares of the specialty retailer’s stock valued at $51,011,000 after buying an additional 78,920 shares during the period. Nordea Investment Management AB raised its holdings in Conn’s by 7.0% in the third quarter. Nordea Investment Management AB now owns 135,237 shares of the specialty retailer’s stock valued at $4,780,000 after buying an additional 8,885 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Conn’s by 22.4% in the third quarter. TIAA CREF Investment Management LLC now owns 125,027 shares of the specialty retailer’s stock valued at $4,420,000 after buying an additional 22,875 shares during the period. Finally, Teachers Advisors LLC raised its holdings in Conn’s by 4.9% in the third quarter. Teachers Advisors LLC now owns 42,560 shares of the specialty retailer’s stock valued at $1,504,000 after buying an additional 1,998 shares during the period. 68.54% of the stock is currently owned by institutional investors and hedge funds.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

See Also: Institutional Investors

Earnings History and Estimates for Conn`s (NASDAQ:CONN)

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