Form 8-K CONNS INC For: Dec 09
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Canaccord Genuity Downgrades Conn's Inc. (CONN) to Hold
December 9, 2014 12:46 PM ESTCanaccord Genuity downgraded Conn's Inc. (NASDAQ: CONN) from Buy to Hold with a price target of $21.00 (from $40.00).
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 $35.09 yesterday.
... MoreConn's (CONN) Posts Q3 GAAP Loss of 8c/Share; CFO Taylor to Depart; Advisor Engaged to Explore Alternatives
December 9, 2014 7:03 AM ESTConn's (NASDAQ: CONN) reported Q3 EPS of ($0.08), which may not compare with the analyst estimate of $0.68. Revenue for the quarter came in at $370.1 million versus the consensus estimate of $376.8 million.
Same store sales declined 1.0%, influenced by tighter credit underwriting standards and the lapping of marketing strategy changes that drove a 35.1% increase a year ago;
Management Change
Conns today announced the departure of Brian Taylor, the Companys Chief Financial Officer. Effective immediately, the Company has appointed Mark Haley as Interim Chief Financial Officer. Prior to joining Conns as Vice President... More
