Conn’s (NASDAQ:CONN) Rating Reaffirmed
Recently, In recent note announced on 9 December, Conn’s (NASDAQ:CONN) shares have had their Buy Rating has decided to reaffirm by expert analysts at Stifel, who currently has a $32 PT on firm. This target by Stifel would now indicate the possibile upside of 25.84% from the last close price.
The stock closed the day at $25.43 during the previous session. It is down 17.09% since May 6, 2015 and is downtrending. It has underperformed by 16.29% the S&P500.
The overall sentiment of institutions has decreased to 1.05 in Q2 2015. Its down 0.05, from 1.1 in 2015Q2. The ratio dived, as 28 institutions have sold all the shares of CONN’S, Inc. that they owned while 28 funds have taken shares off the table. 16 funds have purchased shares for the first time while 43 added to their positions. These institutions now hold 39.18 million shares or 18.88% more than the 32.96 million shares they owned in 2015Q2.
The Fund Luxor Capital Group Lp currently is holding shares equating to 3.65% of its total portfolio in CONN’S, Inc. representing a total of 6.63 million shares. Another fund,Anchorage Capital Group L.L.C., is holding a total of 3.62 million shares equating to 2.82% of their holdings. Additionally, Pacific Global Investment Management Co has a 449,465 share stake in CONN’S, Inc. which represents 2.4% of their total portfolio. The Fund, Nebula Capital Management Lp, based out of Connecticut, has also built up a stake in the stock, which represents a total of 1.93% of their total portfolio. Finally Tourbillon Capital Partners L.P., a fund which is based in the state of New York reported a total holdings of 2.90 million shares.
Insider activity is a very important aspect to track on any stock. Going back to May 19, 2015, shareholders of CONN’S, Inc. have witnessed 2 insider buys, and a total of 0 selling transactions equating to a net activity of approximately $528,198 . Schofman David bought 1,000 shares worth approximately $22,110. Miller Norman bought 20,333 shares worth approximately $506,088. Luxor Capital Group – Lp sold 955,396 shares worth approximately $36.65M. Poppe Michael J sold 10,000 shares worth approximately $400,000.
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 has a market cap of $928.60 million. The Firm operates business through its retail stores and Website. It has 20.78 P/E ratio. The Firm operates through two divisions: retail and credit.
According to Zacks Investment Research, “Conns Inc is a specialty retailer currently operating retail locations in Texas and Louisiana. It sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products. They also sell home office equipment, lawn and garden products and bedding, and continue to introduce additional product categories for the home to help increase same store sales and to respond to their customers’ product needs.” Get a free copy of the Zacks research report on CONN’S, Inc. (CONN).