Conn’s, Inc. (CONN) Director Acquires $178,300.00 in Stock

Conn’s, Inc. (NASDAQ:CONN) Director Douglas H. Martin acquired 10,000 shares of Conn’s stock in a transaction on Wednesday, June 7th. The stock was purchased at an average price of $17.83 per share, with a total value of $178,300.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Conn’s, Inc. (CONN) traded down 3.17% on Tuesday, reaching $18.35. The company’s stock had a trading volume of 98,687 shares. The firm’s market capitalization is $569.09 million. The firm has a 50-day moving average price of $17.35 and a 200 day moving average price of $12.82. Conn’s, Inc. has a 52-week low of $6.54 and a 52-week high of $19.95.

Conn’s (NASDAQ:CONN) last announced its earnings results on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.17. The firm had revenue of $355.80 million for the quarter, compared to the consensus estimate of $357.53 million. Conn’s had a negative return on equity of 0.72% and a negative net margin of 1.18%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) EPS. Equities analysts anticipate that Conn’s, Inc. will post $0.49 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of Conn’s by 7.1% in the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 830 shares during the last quarter. UBS Group AG increased its stake in Conn’s by 1.8% in the first quarter. UBS Group AG now owns 82,122 shares of the specialty retailer’s stock worth $719,000 after buying an additional 1,431 shares in the last quarter. Geode Capital Management LLC increased its stake in Conn’s by 2.5% in the first quarter. Geode Capital Management LLC now owns 191,076 shares of the specialty retailer’s stock worth $1,671,000 after buying an additional 4,672 shares in the last quarter. SG Americas Securities LLC increased its stake in Conn’s by 10.2% in the first quarter. SG Americas Securities LLC now owns 75,778 shares of the specialty retailer’s stock worth $663,000 after buying an additional 7,040 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Conn’s by 9.2% in the first quarter. Parametric Portfolio Associates LLC now owns 101,198 shares of the specialty retailer’s stock worth $885,000 after buying an additional 8,529 shares in the last quarter. 61.58% of the stock is currently owned by hedge funds and other institutional investors.

CONN has been the subject of several analyst reports. Zacks Investment Research cut Conn’s from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 6th. ValuEngine upgraded Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $20.00 price target (up previously from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. KeyCorp upgraded Conn’s from a “sector weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Tuesday, April 25th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Conn’s in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Conn’s currently has a consensus rating of “Buy” and a consensus target price of $20.67.

Conn’s Company Profile

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

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