Conn’s (NASDAQ:CONN – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, Zacks.com reports.
According to Zacks, “Conns Inc is a specialty retailer currently operating retail locations in Texas and Louisiana. It sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products. They also sell home office equipment, lawn and garden products and bedding, and continue to introduce additional product categories for the home to help increase same store sales and to respond to their customers’ product needs. “
A number of other analysts also recently weighed in on the company. Stephens decreased their price objective on Conn’s to $13.00 in a report on Friday. Oppenheimer restated a “market perform” rating on shares of Conn’s in a report on Tuesday, April 5th. Jefferies Financial Group assumed coverage on Conn’s in a report on Friday, April 1st. They issued a “buy” rating and a $24.00 price objective for the company. StockNews.com assumed coverage on Conn’s in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, TheStreet downgraded Conn’s from a “b-” rating to a “c” rating in a report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.33.
Shares of NASDAQ:CONN traded down $0.36 during trading on Monday, hitting $10.81. 830,619 shares of the company were exchanged, compared to its average volume of 578,400. The business’s 50 day moving average is $15.04 and its 200-day moving average is $19.31. The company has a market capitalization of $257.14 million, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 0.38 and a beta of 2.31. The company has a quick ratio of 2.25, a current ratio of 3.29 and a debt-to-equity ratio of 1.03. Conn’s has a 1-year low of $10.15 and a 1-year high of $29.71.
Conn’s (NASDAQ:CONN – Get Rating) last announced its quarterly earnings results on Wednesday, June 1st. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08. The company had revenue of $339.80 million during the quarter, compared to the consensus estimate of $360.78 million. Conn’s had a net margin of 4.41% and a return on equity of 11.49%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 earnings per share. As a group, sell-side analysts anticipate that Conn’s will post 1.28 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC boosted its position in shares of Conn’s by 202.9% during the 4th quarter. First Eagle Investment Management LLC now owns 68,079 shares of the specialty retailer’s stock worth $1,601,000 after purchasing an additional 45,600 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Conn’s during the 4th quarter worth about $410,000. Gabelli Funds LLC bought a new position in shares of Conn’s during the 4th quarter worth about $4,704,000. Timelo Investment Management Inc. bought a new position in shares of Conn’s during the 4th quarter worth about $2,068,000. Finally, GSA Capital …….