Conns Inc (NASDAQ:CONN) Sentiment Change Report

June 13, 2018 - By Marie Mckinney

Conn's, Inc. (NASDAQ:CONN) Logo

Sentiment for Conns Inc (NASDAQ:CONN)

Conns Inc (NASDAQ:CONN) institutional sentiment increased to 0.98 in Q1 2018. Its up 0.09, from 0.89 in 2017Q4. The ratio is better, as 54 funds started new and increased stock positions, while 55 trimmed and sold stakes in Conns Inc. The funds in our partner’s database now have: 18.93 million shares, down from 19.24 million shares in 2017Q4. Also, the number of funds holding Conns Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 39 Increased: 34 New Position: 20.

Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. The company has market cap of $1.14 billion. It operates through two divisions, Retail and Credit. It has a 53.82 P/E ratio. The companyÂ’s stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories.

The stock decreased 2.31% or $0.85 during the last trading session, reaching $35.95. About 974,433 shares traded or 45.46% up from the average. Conn's, Inc. (NASDAQ:CONN) has risen 53.48% since June 13, 2017 and is uptrending. It has outperformed by 40.91% the S&P500.

Anchorage Capital Group L.L.C. holds 3.63% of its portfolio in Conn's, Inc. for 2.95 million shares. Pacific Global Investment Management Co owns 377,605 shares or 2.89% of their US portfolio. Moreover, Falcon Point Capital Llc has 2.32% invested in the company for 341,404 shares. The Pennsylvania-based Millrace Asset Group Inc. has invested 1.35% in the stock. Par Capital Management Inc, a Massachusetts-based fund reported 3.03 million shares.

Since January 1, 0001, it had 2 buys, and 1 insider sale for $54.14 million activity.

Conn's, Inc. (NASDAQ:CONN) Ratings Coverage

Ratings analysis reveals 67% of Conn’s’s analysts are positive. Out of 3 Wall Street analysts rating Conn’s, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $35 while the high is $44.0. The stock’s average target of $39.67 is 10.35% above today’s ($35.95) share price. CONN was included in 4 notes of analysts from December 14, 2017. The firm earned “Buy” rating on Friday, April 6 by Stephens. On Friday, April 6 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Friday, June 8.

More notable recent Conn's, Inc. (NASDAQ:CONN) news were published by: Nasdaq.com which released: “Conn’s, Inc. Reports First Quarter Fiscal 2019 Financial Results” on June 07, 2018, also Nasdaq.com with their article: “Mid-Day Market Update: Crude Oil Up Over 1.5%; Conn’s Shares Rise Following Upbeat Results” published on June 07, 2018, Seekingalpha.com published: “Conn’s Inc.’s Turnaround Is On Firm Ground” on June 12, 2018. More interesting news about Conn's, Inc. (NASDAQ:CONN) were released by: Seekingalpha.com and their article: “Conn’s, Inc. 2019 Q1 – Results – Earnings Call Slides” published on June 07, 2018 as well as Seekingalpha.com‘s news article titled: “Conn’s beat estimates in Q1” with publication date: June 07, 2018.

Conn's, Inc. (NASDAQ:CONN) Institutional Positions Chart

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