Price Don’t Lie: What’s Conn’s Inc Upside After Today’s Big Increase?

Price Don't Lie: What's Conn's Inc Upside After Today's Big Increase?

The stock of Conn’s Inc (NASDAQ:CONN) is a huge mover today! About 205,526 shares traded hands. Conn’s Inc (NASDAQ:CONN) has declined 45.61% since March 16, 2016 and is downtrending. It has underperformed by 51.15% the S&P500.
The move comes after 7 months positive chart setup for the $286.74 million company. It was reported on Oct, 19 by Barchart.com. We have $17.62 PT which if reached, will make NASDAQ:CONN worth $249.46M 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 rating was downgraded by Piper Jaffray on Friday, June 3 to “Neutral”. Stephens upgraded the shares of CONN in a report on Tuesday, March 15 to “Overweight” rating. As per Tuesday, September 15, the company rating was downgraded by Stifel Nicolaus. On Wednesday, January 13 the stock rating was downgraded by Stifel Nicolaus to “Hold”. As per Wednesday, December 9, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, December 1 report. As per Monday, August 17, the company rating was maintained by Piper Jaffray. The stock of Conn’s Inc (NASDAQ:CONN) has “Buy” rating given on Wednesday, September 21 by Stifel Nicolaus.

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 dropped, 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.
Assets Mngmt Limited Liability has 30,000 shares for 0.05% of their US portfolio. The New York-based Blackrock Incorporated has invested 0% in Conn’s Inc (NASDAQ:CONN). Teachers Advsr accumulated 0% or 21,550 shares. Ladenburg Thalmann Financial Incorporated last reported 4,400 shares in the company. Art Limited Liability holds 20,284 shares or 0.01% of its portfolio. Moreover, Rhumbline Advisers has 0% invested in Conn’s Inc (NASDAQ:CONN) for 27,836 shares. Moreover, State Board Of Administration Of Florida Retirement has 0% invested in Conn’s Inc (NASDAQ:CONN) for 22,094 shares. The Switzerland-based Swiss National Bank & Trust has invested 0% in Conn’s Inc (NASDAQ:CONN). Moreover, Luxor Gp L P has 0.58% invested in Conn’s Inc (NASDAQ:CONN) for 2.94 million shares. Blackrock Institutional Tru Na has invested 0% of its portfolio in Conn’s Inc (NASDAQ:CONN). Blackrock Group Limited accumulated 10,031 shares or 0% of the stock. Tiaa Cref Management Limited Liability Company holds 0% of its portfolio in Conn’s Inc (NASDAQ:CONN) for 29,251 shares. The New York-based M&R Cap has invested 0% in Conn’s Inc (NASDAQ:CONN). Envestnet Asset Mgmt owns 1,598 shares or 0% of their US portfolio. Royal Financial Bank Of Canada holds 0% or 19,116 shares in its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 5 insider purchases, and 1 sale for $7.17 million net activity. $7.10 million worth of shares were bought by STEPHENS HARRIET C on Friday, July 15. Luxor Capital Group – LP also sold $9.46M worth of Conn’s Inc (NASDAQ:CONN) shares. STEPHENS WARREN A bought 22,619 shares worth $199,999. Another trade for 285,000 shares valued at $2.02 million was made 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 Sale of Class C Notes from March 2016 Securitization …” on October 10, 2016, also Reuters.com published article titled: “BRIEF-Conn’s Inc announces closing of sale of class C notes from March 201…”, Businesswire.com published: “Conn’s, Inc. Announces Closing of Sale of Class C Notes from March 2016 …” on October 13, 2016. More interesting news about Conn’s Inc (NASDAQ:CONN) was released by: Businesswire.com and their article: “Conn’s, Inc. Announces Closing of $700 Million Securitization Transaction” with publication date: October 07, 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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