Jefferies Raises PT and Estimates on Conn's Inc. (CONN); Furniture Driving Upside

April 4, 2012 10:10 AM EDT
Get Alerts CONN Hot Sheet
Price: $10.93 -3.7%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Jefferies maintains a 'Hold' on Conn's Inc. (NASDAQ: CONN) price target raised from $15 to $18.

Analyst, Daniel Binder, said, "Q4 reflects results from a strong turnaround. Management has done an impressive job stabilizing credit, improving assortment, motivating salespeople and translating this into better comp store sales at higher margin rates. Conn’s should continue to benefit from merchandise initiatives aimed at cleaning up the low price point assortment and expanding furniture brands and space allocated to the business."

Binder raises FY12/14 EPS estimate from $0.63/1.18/1.38 to $0.68/$1.40/$1.70.

For an analyst ratings summary and ratings history on Conn's Inc. click here. For more ratings news on Conn's Inc. click here.

Shares of Conn's Inc. closed at $19.05 yesterday.

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