) touched a new 52-week high of $61.00 on Tuesday, Jul 23, and
eventually closed trade at $59.49. The average volume of shares
traded over the last 3 months is approximately 521K. The company
currently trades at a forward P/E of 22.61x, a 1.5% discount to
the industry average of 22.96x.
The last traded price is 3.7% below the Zacks Consensus average
analyst price target of $61.78. Shares of this Zacks Rank #1
(Strong Buy) specialty retailer of durable consumer products
surged 95.5% since the beginning of the year, riding on
consistent share gains in the appliance market, focus on
maximizing productivity and initiatives to expand its brand
portfolio. The long-term expected earnings growth rate for the
stock is 20.3%, well above the industry growth rate of 14.7%.
We expect Conns to continue performing well, given its growth
initiatives such as the expansion of store base and the
incorporation of technological advancements to serve clients
better. The company leverages a wide network of stores to
penetrate into its target markets, which enable it to generate
healthy sales and gain market share.
Notably, Conns boasts a history of beating the Zacks Consensus
Estimate. This durable consumer goods retailer outperformed the
Zacks Consensus Estimate in 5 out of the last 6 quarters with an
average beat of 12.6%, while reporting in-line earnings in one
The company reported strong first-quarter fiscal 2014 results on
Jun 6, 2013, with earnings of 61 cents per share. This beat the
Zacks Consensus Estimate of 56 cents, and surged 74.3% from 35
cents earned in the year-ago quarter.
Conn's total revenue for the quarter came in at $251.1 million,
up 25% from $200.9 million in the year-ago period, and surpassed
the Zacks Consensus Estimate of $241 million. Comparable-store
sales also climbed 16.5%.
Buoyed by healthy results, management raised its earnings and
comparable-store sales guidance range for fiscal 2014. The
company now projects fiscal 2014 earnings to come in at
$2.50-$2.65 per share, up from $2.40-$2.50 as forecasted earlier.
Conns also raised its comparable-store sales growth to 8%-13%
from the previous projection of 3%-8%.
Apart from Conns, other retail stocks such as
Costco Wholesale Corporation
Lowe's Companies Inc.
L Brands, Inc.
) achieved new 52-week highs of $119.15, $45.16 and $53.45,
CONNS INC (CONN): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis
LOWES COS (LOW): Free Stock Analysis Report
L BRANDS INC (LTD): Free Stock Analysis
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