ValuEngine upgraded shares of Conn’s (NASDAQ:CONN) from a hold rating to a buy rating in a research report released on Monday morning.
Other research analysts have also issued reports about the company. Oppenheimer reissued a buy rating and issued a $40.00 price objective on shares of Conn’s in a report on Thursday, December 7th. BidaskClub raised Conn’s from a hold rating to a buy rating in a report on Thursday, December 7th. Zacks Investment Research lowered Conn’s from a strong-buy rating to a hold rating in a report on Tuesday, March 27th. Finally, Stephens increased their price objective on Conn’s from $39.00 to $44.00 and gave the company an overweight rating in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $37.50.
Shares of CONN stock traded down $1.82 during mid-day trading on Monday, reaching $28.90. The stock had a trading volume of 700,368 shares, compared to its average volume of 438,586. The company has a debt-to-equity ratio of 1.84, a quick ratio of 3.04 and a current ratio of 3.94. The firm has a market capitalization of $1,124.64, a PE ratio of -139.66, a P/E/G ratio of 0.64 and a beta of 1.71. Conn’s has a 1-year low of $11.30 and a 1-year high of $37.80.
A number of institutional investors have recently bought and sold shares of CONN. Arrowstreet Capital Limited Partnership acquired a new stake in Conn’s during the fourth quarter worth about $9,452,000. Castleark Management LLC acquired a new stake in Conn’s during the fourth quarter worth about $6,175,000. JPMorgan Chase & Co. grew its holdings in Conn’s by 37,046.2% during the third quarter. JPMorgan Chase & Co. now owns 163,072 shares of the specialty retailer’s stock worth $4,182,000 after acquiring an additional 162,633 shares during the period. North Fourth Asset Management LP acquired a new stake in Conn’s during the fourth quarter worth about $3,059,000. Finally, Millennium Management LLC grew its holdings in Conn’s by 452.5% during the fourth quarter. Millennium Management LLC now owns 78,419 shares of the specialty retailer’s stock worth $2,788,000 after acquiring an additional 64,226 shares during the period. 68.81% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3335506/conns-conn-raised-to-buy-at-valuengine.html.
Conn’s Company Profile
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company'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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Conn's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's and related companies with MarketBeat.com's FREE daily email newsletter.