Jefferies Finds Conn's Meeting Expectations (CONN)

Jefferies is out with a new report that maintains its Hold rating after Conn's

reported Q4 Net Sales Results. “Merchandise comp store sales increased 5.2%, in-line with our expectation of mid-single digits. Repair service agreement commissions and service revenue totaled $10.1 million, below our expectations of $11.1 million. Conn's is showing better sales growth than its competition mainly due to the easy sales comparisons a year ago and stabilization in credit.” Jefferies maintained its Q4 EPS estimates of $0.04. In addition, Jefferies reiterated its Hold rating and Price Target of $4.30 - $4.75. Shares of Conn's closed at $4.33 on Tuesday.