Conn's Inc. (CONN) PT Raised to Street High $35 at Jefferies on EPS Leverage and Growing Multiple

June 14, 2021 2:57 AM EDT
Get Alerts CONN Hot Sheet
Price: $22.82 +3.02%

Rating Summary:
    2 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 26 | New: 45
Trade Now! 
Join SI Premium – FREE

Jefferies analyst Kyle Joseph raised the price target on Conn's Inc. (NASDAQ: CONN) to the Street High of $35.00 (from $23.00) after 1Q adj. EPS was well above Street estimates. The combination of better top-line growth and the benign credit environment allowed SSS to increase 19.4%, well ahead of forecast and up from a -10.1% comp in 4Q.

The analyst reiterated a Buy rating, stating "While stimulus supported sales/credit, we believe there is good visibility toward the comp remaining positive. We increase our PT to $35, which represents 14.5x FY23 EPS, consistent with levels at which CONN has traded with positive comps".

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change, Hot Comments

Related Entities

Jefferies & Co