Stock of The Day: Conn’s Inc Can’t Burn Your Long Portfolio. Has Another Strong Session

Stock of The Day: Conn's Inc Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Conn’s Inc (NASDAQ:CONN) is a huge mover today! About 333,963 shares traded hands. Conn’s Inc (NASDAQ:CONN) has declined 41.53% since March 2, 2016 and is downtrending. It has underperformed by 49.79% the S&P500.
The move comes after 8 months positive chart setup for the $323.14M company. It was reported on Oct, 5 by Barchart.com. We have $23.61 PT which if reached, will make NASDAQ:CONN worth $400.69 million more.

Conn’s Inc (NASDAQ:CONN) Ratings Coverage

Out of 3 analysts covering CONN’S (NASDAQ:CONN), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. CONN’S has been the topic of 8 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Conn’s Inc (NASDAQ:CONN) has “Hold” rating given on Tuesday, September 15 by Stifel Nicolaus. As per Wednesday, January 13, the company rating was downgraded by Stifel Nicolaus. The stock of Conn’s Inc (NASDAQ:CONN) has “Buy” rating given on Tuesday, December 1 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, December 9 by Stifel Nicolaus. Piper Jaffray maintained the stock with “Buy” rating in Monday, August 17 report. The stock of Conn’s Inc (NASDAQ:CONN) has “Buy” rating given on Wednesday, September 21 by Stifel Nicolaus. Piper Jaffray downgraded Conn’s Inc (NASDAQ:CONN) on Friday, June 3 to “Neutral” rating. The stock of Conn’s Inc (NASDAQ:CONN) has “Overweight” rating given on Tuesday, March 15 by Stephens.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.48 in 2016 Q2. Its down 0.76, from 1.24 in 2016Q1. The ratio is negative, as 18 funds sold all Conn’s Inc shares owned while 40 reduced positions. 6 funds bought stakes while 22 increased positions. They now own 19.25 million shares or 18.72% less from 23.68 million shares in 2016Q1.
Credit Agricole S A reported 66,700 shares or 0% of all its holdings. Wells Fargo & Mn has 0% invested in the company for 12,065 shares. Moreover, Kbc Nv has 0% invested in Conn’s Inc (NASDAQ:CONN) for 40,644 shares. Voya Ltd Llc holds 11,936 shares or 0% of its portfolio. Blackrock Invest Lc last reported 95,910 shares in the company. Deutsche Comml Bank Ag owns 105,514 shares or 0% of their US portfolio. Swiss Bancorp owns 32,400 shares or 0% of their US portfolio. Teachers Inc has 21,550 shares for 0% of their US portfolio. Guggenheim Capital Limited Co owns 100,394 shares or 0% of their US portfolio. M&R has invested 0% of its portfolio in Conn’s Inc (NASDAQ:CONN). Raymond James And Associate last reported 0.01% of its portfolio in the stock. Stephens Ar last reported 0.02% of its portfolio in the stock. Teacher Retirement Sys Of Texas reported 2,555 shares or 0% of all its holdings. Spot Trading Lc accumulated 0% or 386 shares. Great West Life Assurance Company Can, a Manitoba – Canada-based fund reported 2,400 shares.

Insider Transactions: Since April 8, 2016, the stock had 5 buys, and 1 sale for $7.17 million net activity. STEPHENS HARRIET C had bought 22,619 shares worth $199,999 on Friday, September 9. 1.00M shares with value of $7.10 million were bought by STEPHENS WARREN A on Friday, July 15. $9.46M worth of Conn’s Inc (NASDAQ:CONN) was sold by Luxor Capital Group – LP. 285,000 shares with value of $2.02 million were bought by WARREN A STEPHENS GRANTORS TRUST on Friday, July 15.

More important recent Conn’s Inc (NASDAQ:CONN) news were published by: Businesswire.com which released: “Conn’s, Inc. Announces Pricing of New $700 Million Securitization Transaction” on September 29, 2016, also Reuters.com published article titled: “BRIEF-Conn’s Inc announces pricing of new $700 million securitization tran…”, Finance.Yahoo.com published: “Zacks.com featured highlights: PTC, Conns, Capital Senior Living, Live Nation …” on October 04, 2016. More interesting news about Conn’s Inc (NASDAQ:CONN) was released by: Businesswire.com and their article: “Conn’s, Inc. Reports Second Quarter Fiscal 2017 Financial Results” with publication date: September 08, 2016.

CONN Company Profile

Conn’s, Inc. (Conn’s), incorporated on January 15, 2003, 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 Firm operates through two divisions: retail and credit. The Company’s product offerings include furniture and mattresses, home appliances, consumer electronics and home office products. The Company’s credit offering provides financing solutions to credit constrained clients having limited banking options. It operates in approximately nine regional distribution centers located in Houston, San Antonio, Dallas, Beaumont, El Paso and McAllen, Texas; Phoenix, Arizona; Denver, Colorado and Charlotte, North Carolina; over 10 smaller cross-dock facilities, and approximately 20 stores with cross-dock facilities. The Firm operates its business through its retail stores and Website.

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