Conn's, Inc. (CONN) - NASDAQ
  • Fri, Jun. 3, 10:20 AM
    • Piper Jaffray takes a hatchet to its price target on Conn's (CONN +2.9%) and downgrades the retailer to Neutral from Overweight.
    • The investment firms sets a price target of $8.50 after bailing on its previous PT of $16.
    • Shares of Conn's hit a 52-week low of $8.35 earlier today before recovering.
    | Fri, Jun. 3, 10:20 AM
  • Thu, Jun. 2, 12:45 PM
    | Thu, Jun. 2, 12:45 PM
  • Thu, Jun. 2, 9:15 AM
    | Thu, Jun. 2, 9:15 AM
  • Thu, Jun. 2, 8:17 AM
    • Shares of Conn's (NASDAQ:CONN) are under pressure this morning after the retailer issued Q1 results below expectations after another weak month for consumer electronics.
    • Following its earnings disclosure, Conn's issued some C-suite roster moves.
    • The company promoted Michael Poppe to the position of Chief Operating Officer of Credit and Collections.
    • Lee Wright will succeed Tom Moran as Chief Financial Officer. Wright is the former Chief Executive Officer for Professional Directional Enterprises.
    • John Davis is appointed as Chief Credit Officer.
    • Source: Press Release
    • CONN -16.31% premarket to $9.80.
    | Thu, Jun. 2, 8:17 AM
  • Wed, May 18, 10:08 AM
    • Retail stocks are lower than broad market averages after Target (TGT -9.3%) sets a gloomy tone on U.S. consumer spending. There was a sense of bewilderment from Target in its release and earnings call commentary over the slowdown in sales post-Easter.
    • Wal-Mart is down an even 3% to reach a multi-month low ahead of tomorrow's earnings report.
    • Shares of Best Buy (NYSE:BBY) are 3.2% lower after the soft read from Target tilts sentiment. The electronics chain reports earnings on May 24 with analysts expecting revenue of $8.291B and EPS of $0.35 to be disclosed.
    • Other chain store stocks reeling after the Target release are Conn's (CONN -0.1%), hhgregg (HGG -2.4%), Sears Holdings (SHLD -3.1%), GameStop (GME -1.6%), Bon-Ton Stores (BONT -2.3%), Dollar Tree (DLTR -2.1%), Big Lots (BIG -2.4%), Dollar General (DG -1.5%), Citi Trends (CTRN -7.4%), and PriceSmart (PSMT -2.9%).
    • Previously: Investors edgy over retail stocks after Target disappoints (May 18)
    • Previously: Target stung by low traffic trend (May 18)
    | Wed, May 18, 10:08 AM | 5 Comments
  • Wed, Apr. 13, 11:48 AM
    | Wed, Apr. 13, 11:48 AM | 8 Comments
  • Tue, Mar. 29, 12:49 PM
    | Tue, Mar. 29, 12:49 PM | 3 Comments
  • Tue, Mar. 29, 9:29 AM
    • Conn's (NASDAQ:CONN) announces that CEO Norman Miller will replace Theodore Wright as the Chairman of the Board. The appointment becomes effective in May.
    • The company also added James Haworth and Oded Shein to its board as independent directors. Haworth is a retail vet, while Shein has credit and risk management chops.
    • Conn's is down 6.6% premarket after posting earnings earlier.
    • Previously: Conn's EPS of $0.11 (March 29)
    • Previously: Furniture sales up 28% for Conn's in FQ4 (March 29)
    | Tue, Mar. 29, 9:29 AM
  • Thu, Mar. 24, 5:38 PM
    • Top gainers, as of 5.25 p.m.: FR +3.5%. DRD +2.9%. TNK +2.8%. CONN +2.3%. HOLX +2.0%.
    • Top losers, as of 5.25p.m.: GME -5.5%. MT -5.3%. WMC -4.8%. FDC -4.5%. GBX -4.2%.
    | Thu, Mar. 24, 5:38 PM | 8 Comments
  • Wed, Feb. 17, 3:13 PM
    • Conn's (CONN +17%) says it plans to keep growing in FY17 with five store openings already planned. The expansion of the chain could help justify a higher trading multiple.
    • Shares of the retailer are ripping higher today on a broad pickup in consumer discretionary names to reach their highest level since early January.
    | Wed, Feb. 17, 3:13 PM | 1 Comment
  • Thu, Jan. 28, 11:31 AM
    • The electronic store sector is lower after Hhgregg posted a loss of almost $27M in FQ3.
    • The company's 35% drop in comparable sales on computers and tablets stood out. Appliance sale also fell off.
    • HHgregg (NYSE:HGG) is down 2.2%, while Conn's (NASDAQ:CONN) and Best Buy are both 0.6% lower.
    • On a side note, Circuit City is making an unexpected comeback. A new store is opening in Dallas this June and another 50 to 100 boutique shops are slated to follow.
    • Previously: hhgregg beats by $0.02, revenue in-line (Jan. 28 2016)
    | Thu, Jan. 28, 11:31 AM | 4 Comments
  • Fri, Jan. 8, 5:42 PM
    | Fri, Jan. 8, 5:42 PM | 1 Comment
  • Dec. 8, 2015, 6:18 AM
    • Conn's (NASDAQ:CONN) reports same-store sales rose 3.8% in Q3.
    • Net sales by category: Furniture and mattress: $105.74M (+21.8%); Home appliance: $86.43M (+4.4%); Consumer electronics: $70.26M (-4.7%); Home office: $26.11M (-8%); Other: $4.58M (-28.5%); Repair service agreement commissions: $26.04M (+12.9%); Service revenues: $3.47M (+1.8%).
    • Credit revenue rose 11.2% to $72.2M.
    • Furniture unit volume increased 28.7% & mattress unit volume grew 31.2%.
    • Home appliance unit volume +4.8%.
    • Consumer electronic unit volume declined 11.7%.
    • Home office unit volume decreased 14.3%.
    • Retail gross margin increased 90 bps to 41.5%.
    • Adjusted retail operating margin down 60 bps to 11.9%.
    • Retail store count +12 Y/Y to 101.
    • FY2016 Guidance: Same-store sales: flat to up low single digits; Retail gross margin rate: 40.5% to 41.5%; New stores: ~15.
    | Dec. 8, 2015, 6:18 AM
  • Dec. 1, 2015, 7:18 AM
    • Stifel Nicolaus upgrades Conn's (NASDAQ:CONN) to a Buy rating from Hold rating.
    • Shares of Conn's are up 3.5% premarket to $27.60.
    | Dec. 1, 2015, 7:18 AM
  • Nov. 19, 2015, 9:46 AM
    • Weak guidance from Best Buy isn't going unnoticed by investors of Conn's (CONN -2%) and hhgregg (HGG -3.6%).
    • Office Depot and Staples (SPLS -3.1%) are also lower on concerns over electronics sales.
    • The retail sector in general has been very skittish this earnings season, despite some upside surprises.
    • Over the last 30 days, the S&P Retail ETF (NYSEARCA:XRT) is down 6%, while the S&P 500 Index is up 3%.
    • Retail ETFs: XLY, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK, BITE
    • Previously: Best Buy slides after holiday guidance disappoints (Nov. 19 2015)
    | Nov. 19, 2015, 9:46 AM | 2 Comments
  • Nov. 2, 2015, 12:05 PM
    • Conn's (NASDAQ:CONN) is solidly higher after announcing a series of credit facility moves.
    • One of the amended terms allows for an increase in the maximum total leverage ratio covenant.
    • CONN +11.54% to $21.16.
    • SEC Form 8-K
    | Nov. 2, 2015, 12:05 PM | 1 Comment
Company Description
Conn's, Inc. operates as a retail company that offers durable consumer goods and related services in addition to a proprietary credit solution for its core credit constrained consumers. The company operates its business through retail stores and website. Its product offerings include home... More
Sector: Services
Industry: Electronics Stores
Country: United States