Conns Inc (NASDAQ:CONN) Institutional Investor Sentiment Trend

June 13, 2018 - By James Guidry

Conn's, Inc. (NASDAQ:CONN) Logo

Sentiment for Conns Inc (NASDAQ:CONN)

Conns Inc (NASDAQ:CONN) institutional sentiment increased to 0.98 in Q1 2018. Its up 0.09, from 0.89 in 2017Q4. The ratio improved, as 54 hedge funds increased or started new stock positions, while 55 sold and decreased their positions in Conns Inc. The hedge funds in our partner’s database reported: 18.93 million shares, down from 19.24 million shares in 2017Q4. Also, the number of hedge funds holding Conns Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 39 Increased: 34 New Position: 20.

Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. The company has market cap of $1.14 billion. It operates through two divisions, Retail and Credit. It has a 53.82 P/E ratio. The companyÂ’s stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories.

The stock decreased 2.31% or $0.85 during the last trading session, reaching $35.95. About 974,433 shares traded or 45.46% up from the average. Conn's, Inc. (NASDAQ:CONN) has risen 53.48% since June 13, 2017 and is uptrending. It has outperformed by 40.91% the S&P500.

Anchorage Capital Group L.L.C. holds 3.63% of its portfolio in Conn's, Inc. for 2.95 million shares. Pacific Global Investment Management Co owns 377,605 shares or 2.89% of their US portfolio. Moreover, Falcon Point Capital Llc has 2.32% invested in the company for 341,404 shares. The Pennsylvania-based Millrace Asset Group Inc. has invested 1.35% in the stock. Par Capital Management Inc, a Massachusetts-based fund reported 3.03 million shares.

Since January 1, 0001, it had 2 buys, and 1 sale for $54.14 million activity.

Conn's, Inc. (NASDAQ:CONN) Ratings Coverage

Ratings analysis reveals 67% of Conn’s’s analysts are positive. Out of 3 Wall Street analysts rating Conn’s, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $35 while the high is $44.0. The stock’s average target of $39.67 is 10.35% above today’s ($35.95) share price. CONN was included in 4 notes of analysts from December 14, 2017. Stephens maintained the shares of CONN in report on Friday, April 6 with “Buy” rating. As per Friday, June 8, the company rating was maintained by Stifel Nicolaus. KeyBanc Capital Markets maintained the shares of CONN in report on Friday, April 6 with “Buy” rating.

More notable recent Conn's, Inc. (NASDAQ:CONN) news were published by: Seekingalpha.com which released: “Conn’s beat estimates in Q1” on June 07, 2018, also Seekingalpha.com with their article: “Conn’s Inc.’s Turnaround Is On Firm Ground” published on June 12, 2018, 247Wallst.com published: “Why Conn’s Shares Are Booming” on June 07, 2018. More interesting news about Conn's, Inc. (NASDAQ:CONN) were released by: Seekingalpha.com and their article: “Conn’s, Inc. 2019 Q1 – Results – Earnings Call Slides” published on June 07, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Day Market Update: Crude Oil Up Over 1.5%; Conn’s Shares Rise Following Upbeat Results” with publication date: June 07, 2018.

Conn's, Inc. (NASDAQ:CONN) Institutional Positions Chart

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