Conn’s (CONN) Receives Daily News Impact Rating of 0.14
News stories about Conn’s (NASDAQ:CONN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Conn’s earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.6688900620031 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Salisbury Bancorp, Inc. Announces Resignation Of Chief Accounting Officer (thestreet.com)
- Visitor Pass Solutions introduces new brand: ‘One Day Time-Expiring Visitor Badges’ (securityinfowatch.com)
- Conn’s peels back after Stifel caution – Seeking Alpha (seekingalpha.com)
- Conn’s, Inc. (NASDAQ:CONN) Closed Well Above Its 50 Day … – First News 24 (firstnewspaper24.com)
- Conn’s Upside May Be Limited Near Term After Year-Long Run – Benzinga (benzinga.com)
CONN has been the topic of a number of recent research reports. Zacks Investment Research lowered Conn’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 3rd. Oppenheimer Holdings, Inc. upgraded Conn’s from a “market perform” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, September 29th. KeyCorp reissued an “overweight” rating and issued a $22.00 price target on shares of Conn’s in a research note on Tuesday, September 5th. Stephens reissued an “overweight” rating and issued a $28.00 price target (up previously from $25.00) on shares of Conn’s in a research note on Monday, July 17th. Finally, TheStreet raised Conn’s from a “d+” rating to a “c” rating in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $29.40.
Conn’s (NASDAQ CONN) opened at 25.60 on Thursday. The stock has a 50 day moving average price of $22.84 and a 200-day moving average price of $18.70. Conn’s has a 1-year low of $7.75 and a 1-year high of $28.60. The firm’s market cap is $798.87 million.
Conn’s (NASDAQ:CONN) last issued its quarterly earnings data on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share for the quarter, topping the 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 company had revenue of $366.65 million for the quarter, compared to analysts’ expectations of $371.97 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Conn’s’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts forecast that Conn’s will post $0.77 EPS for the current year.
In other Conn’s news, major shareholder W. R. Jr. Stephens acquired 12,000 shares of Conn’s stock in a transaction that occurred on Friday, July 14th. The shares were bought at an average price of $18.85 per share, with a total value of $226,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.48% of the company’s stock.
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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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