Exclusive: How Analysts Feel About Conn’s Inc After Today’s Significant Increase?

Exclusive: How Analysts Feel About Conn's Inc After Today's Significant Increase?

The stock of Conn’s Inc (NASDAQ:CONN) is a huge mover today! About 177,109 shares traded hands. Conn’s Inc (NASDAQ:CONN) has declined 13.79% since April 18, 2016 and is downtrending. It has underperformed by 18.22% the S&P500.
The move comes after 8 months positive chart setup for the $336.24 million company. It was reported on Nov, 18 by Barchart.com. We have $20.45 PT which if reached, will make NASDAQ:CONN worth $295.89M 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. As per Friday, June 3, the company rating was downgraded by Piper Jaffray. The stock of Conn’s Inc (NASDAQ:CONN) has “Hold” rating given on Wednesday, January 13 by Stifel Nicolaus. The company was upgraded on Tuesday, March 15 by Stephens. The stock of Conn’s Inc (NASDAQ:CONN) has “Buy” rating given on Wednesday, September 21 by Stifel Nicolaus. The firm has “Buy” rating given on Monday, August 17 by Piper Jaffray. The firm earned “Buy” rating on Tuesday, December 1 by Stifel Nicolaus. The stock has “Hold” rating given by Stifel Nicolaus on Tuesday, September 15. The firm earned “Buy” rating on Wednesday, December 9 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 increased to 1.52 in 2016 Q2. Its up 1.04, from 0.48 in 2016Q1. The ratio improved, 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.
Blackrock Advsrs Limited Liability last reported 0% of its portfolio in the stock. Swiss Savings Bank has 0% invested in the company for 32,400 shares. Ameriprise Incorporated, a Minnesota-based fund reported 475,314 shares. Moreover, Geode Ltd Liability has 0% invested in Conn’s Inc (NASDAQ:CONN) for 179,057 shares. Contrarian Management Ltd Limited Liability Company accumulated 67,064 shares or 0.35% of the stock. Allianz Asset Mgmt Ag reported 12,126 shares or 0% of all its holdings. Credit Agricole S A accumulated 0% or 66,700 shares. M&R Capital has 0% invested in the company for 2,000 shares. Legal And General Grp Public Ltd Co reported 4,143 shares or 0% of all its holdings. California State Teachers Retirement has 42,565 shares for 0% of their US portfolio. Blackrock Fund accumulated 0% or 526,559 shares. Blackrock Inc holds 0% or 5,660 shares in its portfolio. Goldman Sachs Grp has invested 0% of its portfolio in Conn’s Inc (NASDAQ:CONN). State Street has 424,655 shares for 0% of their US portfolio. Luxor Cap Group Lp accumulated 2.94 million shares or 0.58% of the stock.

Insider Transactions: Since June 2, 2016, the stock had 5 insider purchases, and 1 sale for $7.17 million net activity. Shares for $199,999 were bought by STEPHENS WARREN A. 285,000 shares were bought by WARREN A STEPHENS GRANTORS TRUST, worth $2.02 million. $199,999 worth of Conn’s Inc (NASDAQ:CONN) shares were bought by STEPHENS HARRIET C. Another trade for 1.07 million shares valued at $9.46M was sold by Luxor Capital Group – LP.

Another recent and important Conn’s Inc (NASDAQ:CONN) news was published by Seekingalpha.com which published an article titled: “Long Conns: Turnaround Story With 164% Upside” on November 09, 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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