Conn’s Inc. (CONN) Trading 3.8% Higher
Conn’s Inc. (NASDAQ:CONN)’s share price traded up 3.8% on Thursday . The company traded as high as $7.61 and last traded at $7.37, with a volume of 600,229 shares changing hands. The stock had previously closed at $7.10.
A number of equities analysts have weighed in on the stock. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Conn’s in a research note on Thursday, March 31st. SunTrust Banks Inc. decreased their target price on shares of Conn’s from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, March 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.00.
The stock has a market cap of $218.26 million and a PE ratio of 45.87. The company’s 50 day moving average price is $7.74 and its 200-day moving average price is $12.55.
Conn’s (NASDAQ:CONN) last released its quarterly earnings results on Thursday, June 2nd. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.37. The company had revenue of $319.04 million for the quarter, compared to analysts’ expectations of $393.16 million. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Conn’s Inc. will post ($0.14) EPS for the current year.
In related news, Director William E. Saunders, Jr. acquired 10,000 shares of the stock in a transaction on Friday, June 24th. The stock was bought at an average cost of $7.60 per share, with a total value of $76,000.00. Following the transaction, the director now directly owns 20,227 shares in the company, valued at $153,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Luxor Capital Group, Lp sold 1,067,225 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $8.86, for a total transaction of $9,455,613.50. The disclosure for this sale can be found here.
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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