On Jan. 06, Renaud Todd divested U.S. $49,640 in shares of Conn’s Inc.. The VP – CIO sold 4,000 shares at a price per share of $12.41. The transaction decreased this specific insider’s holdings to 42,963 shares worth around $0.55 million at present.
Oppenheimer took its Conn’s Inc. [CONN] rating to the equivalent of a Perform from an Outperform,in a research note dated April 15, 2020. Other analysts also revised their coverage, with Oppenheimer’s analysts downgrading the shares from “an Outperform” rating to “a Perform” rating in a research note to investors issued in mid April. Meanwhile, Stephens had lowered its rating on CONN to “an Equal-weight” from the earlier “an Overweight”, in a research note produced for clients March 23, 2020. In addition, there was a downgrade from Stifel on December 11, 2019. The rater changed CONN from “a Buy” to “a Hold”.
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Is Conn’s Inc. [NASDAQ:CONN] a Good Buy Right Now?
It should be noted that CONN technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from Conn’s Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.38 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.37 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.4 million shares.
CONN Price Performance
On Wall Street, Conn’s Inc. [NASDAQ:CONN] finished Thursday’s session up 1.98% at $12.86. The stock went up to $13.21 at the same session while its lowest single day price was $12.63. In the last five days, it saw a rise of about 4.30%, Conn’s Inc. shares gained by almost 10.01% since the beginning of the year. However, the share price has dropped to as low as -12.70% below its one year high. On 01/07/21, the company shares recorded $13.21, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $11.26. The company’s shares have inclined by 16.80% in the past year. The 50-day SMA achieved is $11.33 while the 200-day SMA is $9.54. Volume dropped to 0.17 million from 0.26 million in the previous session.
CONN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 12.59 level, and in case of violation of this particular level, it will cause more drop to 12.32 level. On the upper level, 13.48 is still the key resistance. The stock may increase to the subsequent resistance at 13.17. The Relative Strength Index (RSI) pinned on the 14-day chart is 56.74, implying a neutral technical stance while the MACD stands at 0.04, meaning price will decrease in the next trading period. Percent R indicator moved to 35.22%, implying low price movement. Stochastic %K at 48.92% suggest holding the stock.
What is the short interest in Conn’s Inc.?
Short interest in the Conn’s Inc. stock has surged, increasing by 0.14 million shares to total 2.46 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.6 million, data from Yahoo Finance shows. The decrease of -5.69% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 17.01% of the overall float for the stock.
Conn’s Inc.’s Biggest Shareholders: Who Owns Conn’s Inc. [CONN]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 2,778,084 shares or roughly 9.54% of the outstanding CONN shares. This means their shares have increased by 56,380 from the 2,778,084 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Dimensional Fund Advisors LP updated stake is worth $23,870,905. Details in the latest 13F filings reveal that The Vanguard Group, Inc. acquired their 11.17% stake valued at $11,146,987 while SSgA Funds Management, Inc. cut theirs at $9,099,289. During the last quarter, The Vanguard Group, Inc. raised 101,049 of its shares in Conn’s Inc. while SSgA Funds Management, Inc. sold -59,306 shares. The D. E. Shaw & Co. LP’s holdings currently number 573,828 shares at $7379428.08. According to the firm’s last 13F report, Cooper Creek Partners Management shares in the company at filing stood at 474,939 shares, roughly $5,264,699.
CONN Earnings Forecast For The Current Quarter
Conn’s Inc. [CONN] is expected to report strong earnings results for the quarter ending on Jan 2021. Consensus estimates give the company expected revenues of $347.76M and an earnings per share of $0.23 for Jan 2021. Looking further ahead, the company is expected to report revenue of $325.94M at an EPS of $0.28 for Apr 2021. The estimates represent downside of -3.80% and 295.40% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
CONN Earnings Estimates For The Current Year
For the financial year, Conn’s Inc. [NASDAQ:CONN] is expected to bring in revenue of $1.39B. The returns are nearly $-150.0 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at -0.65, lower than that of FY20 by -$2.57. Estimates put this year’s earnings growth at -133.90%, 295.40% for the next, and at an annual 23.00% over the next 5-year period. As for sales, forecasts are for a decrease of -9.90% in the current fiscal year and a further -3.80% over the following year.
What are analyst thoughts on Conn’s Inc.?
Looking forward to the Conn’s Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Conn’s Inc. stock at $14.00 within the next 12 months, which represents almost 8.14 per cent growth from its previous closing price of $12.86. The highest analysts’ target for Conn’s Inc. stock projections is $15.00 and the lowest one is $12.00. Still, 4 analysts sharing their consensus rating for CONN stock in 2021 agree that it is a Hold.