Brokerage firm Stifel Nicolaus Upgrades its rating on CONN'S(NASDAQ:CONN). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Stifel Nicolaus was issued on Sep 21, 2016.
CONN'S (CONN) shares turned negative on Tuesdays trading session with the shares closing down -0.2 points or -1.93% at a volume of 6,03,515. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.68. The peak price level was also seen at $10.68 while the days lowest was $10.0914. Finally the shares closed at $10.16. The 52-week high of the shares is $28 while the 52-week low is $6.5398. According to the latest information available, the market cap of the company is $313 M.
CONN'S(CONN) last announced its earnings results on Sep 8, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $398.16M. Analysts had an estimated revenue of $417.71M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.03.
Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, Warren A Stephens (10% owner) purchased 22,619 shares at $8.84 per share price.Also, On Sep 13, 2016, Harriet C Stephens (10% owner) purchased 22,619 shares at $8.84 per share price.On Jul 19, 2016, A Stephens Grantors Tru Warren (10% owner) purchased 285,000 shares at $7.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Conn’s Inc. is a retailer that offers a selection of durable consumer goods and related services in addition to a credit solution for its primary credit constrained consumers. The Company operates business through its retail stores and Website. The Company operates through two segments: retail and credit. Its product offerings include furniture and mattresses home appliances consumer electronics and home office products. The Company’s retail stores bear the Conn’s or Conn’s HomePlus name and deliver the same products and services to a common customer group. Its credit offering provides financing solutions to a population of credit constrained consumers who typically have limited banking options and have credit scores between 550 and 650.