Research analysts at Jefferies Group lifted their target price on shares of CONN’S (NASDAQ: CONN) from $40.00 to $49.00 in a report released on Monday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential downside of 10.45% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of CONN’S from $63.00 to $66.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of CONN’S from $54.00 to $65.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of CONN’S from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, June 5th. They now have a $53.10 price target on the stock.
Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $51.34.
Shares of CONN’S (NASDAQ: CONN) traded up 2.61% during mid-day trading on Monday, hitting $54.72. CONN’S has a one year low of $14.40 and a one year high of $44.91. The stock’s 50-day moving average is currently $38.29. The company has a market cap of $1.932 billion and a P/E ratio of 29.16.
CONN’S (NASDAQ: CONN) last announced its earnings results on Thursday, June 6th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.06. The company had revenue of $251.10 million for the quarter, compared to the consensus estimate of $245.98 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. CONN’S has set its FY14 guidance at $2.50-2.65 EPS. Analysts expect that CONN’S will post $2.59 EPS for the current fiscal year.
Conn’s, Inc. is a specialty retailer of consumer products, and also provides consumer finance for the purchase of the products that it offers.