Tuesday Nov 29, 2022

Conn’s (NASDAQ:CONN) Raised to “Hold” at Zacks Investment Research – Defense World

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Conn’s (NASDAQ:CONN – Get Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, 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 CONN. StockNews.com assumed coverage on Conn’s in a research report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet downgraded Conn’s from a “b-” rating to a “c” rating in a research report on Tuesday, March 29th. Oppenheimer reissued a “market perform” rating on shares of Conn’s in a report on Tuesday, April 5th. Finally, Jefferies Financial Group assumed coverage on Conn’s in a report on Friday, April 1st. They set a “buy” rating and a $24.00 price target for the company. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.00.

Shares of CONN stock traded down $0.33 during trading on Tuesday, reaching $13.20. 742,615 shares of the company’s stock were exchanged, compared to its average volume of 559,726. The firm’s fifty day moving average price is $15.69 and its 200-day moving average price is $19.64. The stock has a market capitalization of $313.99 million, a PE ratio of 3.67, a PEG ratio of 0.36 and a beta of 2.29. Conn’s has a twelve month low of $11.27 and a twelve month high of $31.48. The company has a quick ratio of 2.22, a current ratio of 3.18 and a debt-to-equity ratio of 0.85.

Conn’s (NASDAQ:CONN – Get Rating) last released its quarterly earnings results on Tuesday, March 29th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.15). The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $412.44 million. Conn’s had a net margin of 6.81% and a return on equity of 17.62%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, analysts anticipate that Conn’s will post 1.62 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of Conn’s by 0.8% in the fourth quarter. Rhumbline Advisers now owns 55,653 shares of the specialty retailer’s stock valued at $1,309,000 after buying an additional 455 shares during the period. New York State Teachers Retirement System boosted its position in shares of Conn’s by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 18,951 shares of the specialty retailer’s stock valued at $446,000 after purchasing an additional 456 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Conn’s by 2.2% during the 3rd quarter. Voya Investment Management LLC now owns 25,246 shares of the specialty retailer’s stock valued at $576,000 after purchasing an additional 545 shares in …….

Source: https://www.defenseworld.net/2022/06/01/conns-nasdaqconn-raised-to-hold-at-zacks-investment-research.html

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