What’s Conn’s Inc (CONN) Upside After Touching 52-Week High?

September 12, 2017 - By test

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.69, from 1.52 in 2016Q3. It worsened, as 19 investors sold Conn’s Inc shares while 34 reduced holdings. 19 funds opened positions while 25 raised stakes. 16.92 million shares or 7.18% less from 18.22 million shares in 2016Q3 were reported.
Blackrock Mgmt Lc accumulated 85,480 shares or 0% of the stock. Legal And General Group Incorporated Public Ltd holds 5,165 shares. Geode Capital Management Ltd Limited Liability Company, Massachusetts-based fund reported 186,404 shares. Laurion Management Lp has 12,300 shares for 0% of their portfolio. Jane Street Grp Ltd Liability Company holds 0% or 13,587 shares. Gam Ag owns 600,000 shares. Financial Bank Of Montreal Can accumulated 11,900 shares. Luxor Capital Group Incorporated Limited Partnership, New York-based fund reported 219,477 shares. Invesco has 0% invested in Conn’s Inc (NASDAQ:CONN) for 67,223 shares. Great West Life Assurance Can owns 0% invested in Conn’s Inc (NASDAQ:CONN) for 2,400 shares. Metropolitan Life Insurance New York has 0% invested in Conn’s Inc (NASDAQ:CONN) for 16,138 shares. Schwab Charles Invest Mngmt reported 105,801 shares. Tower Research Capital Ltd Limited Liability Company (Trc) holds 500 shares or 0% of its portfolio. Sii Wi holds 0.01% or 10,000 shares. 66,700 were accumulated by Credit Agricole S A.

Since June 7, 2017, it had 1 insider buy, and 2 insider sales for $16,311 activity. 7,392 shares were sold by HAWORTH JAMES H, worth $142,961. Shares for $19,000 were sold by Renaud Todd.

The stock of Conn’s Inc (NASDAQ:CONN) hit a new 52-week high and has $24.88 target or 4.00 % above today’s $23.92 share price. The 5 months bullish chart indicates low risk for the $746.63M company. The 1-year high was reported on Sep, 12 by Barchart.com. If the $24.88 price target is reached, the company will be worth $29.87M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 236,537 shares traded. Conn’s Inc (NASDAQ:CONN) has risen 45.89% since September 12, 2016 and is uptrending. It has outperformed by 29.19% the S&P500.

Analysts expect Conn’s Inc (NASDAQ:CONN) to report $-0.01 EPS on September, 14.They anticipate $0.03 EPS change or 75.00 % from last quarter’s $-0.04 EPS. After having $-0.05 EPS previously, Conn’s Inc’s analysts see -80.00 % EPS growth.

Conn’s Inc (NASDAQ:CONN) Ratings Coverage

Among 5 analysts covering CONN’S (NASDAQ:CONN), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. CONN’S had 12 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Conn’s Inc (NASDAQ:CONN) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 15. The firm has “Buy” rating by Piper Jaffray given on Monday, August 17. Oppenheimer maintained Conn’s Inc (NASDAQ:CONN) on Tuesday, June 6 with “Hold” rating. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, January 13. The company was upgraded on Tuesday, December 1 by Stifel Nicolaus. The firm earned “Overweight” rating on Tuesday, March 15 by Stephens. Stifel Nicolaus upgraded the stock to “Buy” rating in Wednesday, September 21 report. The rating was maintained by KeyBanc Capital Markets on Thursday, September 7 with “Buy”. Stifel Nicolaus maintained Conn’s Inc (NASDAQ:CONN) rating on Wednesday, December 9. Stifel Nicolaus has “Buy” rating and $32 target. As per Monday, August 28, the company rating was maintained by Stifel Nicolaus.

More notable recent Conn’s Inc (NASDAQ:CONN) news were published by: Businesswire.com which released: “Conn’s, Inc. Reports Second Quarter Fiscal Year 2018 Financial Results” on September 07, 2017, also Nasdaq.com with their article: “Conn’s (CONN) in Focus: Stock Moves 6.2% Higher” published on September 11, 2017, Bizjournals.com published: “Francesca’s, Conn’s expect a drop in sales after Harvey’s devastation” on September 07, 2017. More interesting news about Conn’s Inc (NASDAQ:CONN) were released by: Nasdaq.com and their article: “Earnings Reaction History: Conn’s, Inc., 54.5% Follow-Through Indicator, 9.3 …” published on September 07, 2017 as well as Seekingalpha.com‘s news article titled: “Don’t Get Conned: Price Vs. Value” with publication date: September 05, 2017.

Conn’s, Inc. is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The company has market cap of $746.63 million. The Firm operates through two divisions: retail and credit. It currently has negative earnings. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display , organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

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