CONN'S (CONN) is Upgraded by Stifel to Buy, Price Target at $16

CONN'S (CONN) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Sep 21, 2016.

On the company’s financial health, CONN'S reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Sep 8, 2016. Analyst had a consensus of $-0.12. The company had revenue of $398.20 million for the quarter, compared to analysts expectations of $412.48 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

CONN'S closed down -0.2 points or -1.93% at $10.16 with 6,03,515 shares getting traded on Tuesday. Post opening the session at $10.39, the shares hit an intraday low of $10.0914 and an intraday high of $10.68 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 27, 2016, William E Jr Saunders (director) purchased 10,000 shares at $7.60 per share price. According to the SEC, on Oct 19, 2015, David Schofman (director) purchased 1,000 shares at $22.11 per share price. On Oct 7, 2015, Norman Miller (CEO) purchased 20,333 shares at $24.89 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.


Leave a Reply

CONN'S - Is it time to Sell?

Top Brokerage Firms are advising their investors on CONN'S. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.