Oppenheimer Reiterates Their Hold Rating on Conn’s

By Ryan Adsit

Oppenheimer analyst Brian Nagel reiterated a Hold rating on Conn’s (NASDAQ: CONN) today. The company’s shares closed yesterday at $18.88, close to its 52-week high of $19.10.

Nagel said:

“As we dig through the Q1 (Apr.) results that Conn’s (CONN) reported early this morning, we find evidence of ongoing improvement, nestled within still overall weak trends at the chain. Under the guidance of a new leadership team, CONN is undertaking a significant credit-led turnaround. CEO Norm Miller joined the company in Sept. of 2015. We recently met with Mr. Miller and his colleagues and came away with the view that CONN is heading down the right path. A full turn, however, will take time.”

According to TipRanks.com, Nagel is a 2-star analyst with an average return of 0.4% and a 48.2% success rate. Nagel covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Dick’s Sporting Goods, and Advance Auto Parts.

Conn’s has an analyst consensus of Moderate Buy, with a price target consensus of $16.

The company has a one year high of $19.10 and a one year low of $6.54. Currently, Conn’s has an average volume of 664.5K.

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. operates as a retail company, which offers durable consumer goods and related services in addition to a proprietary credit solution for its core credit constrained consumers. It 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 offers in-house consumer credit programs that provide standardized credit decisions, including down payment, limit amounts, and credit terms, based on customer risk and income level. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX.