Conn’s (CONN) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Conn’s (NASDAQ:CONN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Conn’s earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 47.5758325284983 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Shares of CONN traded down $0.10 during trading hours on Friday, reaching $26.35. 705,061 shares of the company traded hands, compared to its average volume of 835,454. The firm has a market capitalization of $834.59, a P/E ratio of 27.74, a P/E/G ratio of 0.51 and a beta of 1.71. The company has a debt-to-equity ratio of 2.04, a quick ratio of 5.29 and a current ratio of 6.58. Conn’s has a 1-year low of $13.30 and a 1-year high of $37.80.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The business had revenue of $420.40 million during the quarter, compared to analyst estimates of $429.67 million. Conn’s had a net margin of 0.43% and a return on equity of 5.72%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. equities analysts forecast that Conn’s will post 2.24 earnings per share for the current year.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. BidaskClub raised shares of Conn’s from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. Finally, ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Conn’s has a consensus rating of “Buy” and a consensus target price of $37.50.

In other Conn’s news, insider Brian Daly bought 5,100 shares of the stock in a transaction that occurred on Monday, April 9th. The shares were acquired at an average price of $27.87 per share, with a total value of $142,137.00. Following the completion of the purchase, the insider now directly owns 55,206 shares in the company, valued at approximately $1,538,591.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO George L. Bchara bought 7,390 shares of the stock in a transaction that occurred on Tuesday, April 10th. The stock was acquired at an average cost of $27.41 per share, for a total transaction of $202,559.90. Following the purchase, the chief accounting officer now owns 42,816 shares of the company’s stock, valued at $1,173,586.56. The disclosure for this purchase can be found here. Insiders own 3.48% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Conn`s (NASDAQ:CONN)

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