Today, a Director at Conn’s, Bob Martin, exercised options of Conn’s (NASDAQ: CONN) for $169.3K. The options were close to expired and Bob Martin retained stocks.
Following Bob Martin’s last CONN Buy transaction on December 02, 2010, the stock climbed by 18.7%. Following this transaction Bob Martin’s holding in the company was increased by 18.77% to a total of $1.46 million.
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Based on Conn’s’ latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $420 million and quarterly net profit of $3.2 million. In comparison, last year the company earned revenue of $356 million and had a GAAP net loss of $2.58 million. CONN’s market cap is $727.7M and the company has a P/E ratio of 107.62. Currently, Conn’s has an average volume of 762.9K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $42.00, reflecting a -46.2% downside. Starting in October 2017, CONN received 12 Buy ratings in a row. Eight different firms, including B.Riley FBR and D.A. Davidson, currently also have a Buy rating on the stock.
The insider sentiment on Conn’s has been positive according to 41 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Conn’s, Inc. is holding company, which engages in the retail and provision of consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. It operates through the Retail and Credit segments.
