In a report released today, Kyle Joseph from Jefferies maintained a Buy rating on Conn’s (CONN), with a price target of $23.00. The company’s shares closed last Friday at $23.19, close to its 52-week high of $24.58.
According to TipRanks.com, Joseph is a 5-star analyst with an average return of 28.0% and a 82.1% success rate. Joseph covers the Financial sector, focusing on stocks such as Compass Diversified Holdings, Oaktree Specialty Lending, and Gladstone Investment.
Currently, the analyst consensus on Conn’s is a Moderate Buy with an average price target of $21.50.
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Based on Conn’s’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $368 million and net profit of $25.13 million. In comparison, last year the company earned revenue of $413 million and had a net profit of $5.05 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CONN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Conn’s, Inc. is a holding company, which engages in the retail and provision of consumer goods and related services. It also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. The firm operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market; and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories. The Credit segment provides in-house consumer credit programs that offer standardized credit decisions, including down payment, limit amounts, and credit terms. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX.
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