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.
TRADEMARK VIOLATION NOTICE: “Conn’s, Inc. (CONN) Director Acquires $178,300.00 in Stock” was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.thestockobserver.com/2017/06/20/douglas-h-martin-acquires-10000-shares-of-conns-inc-conn-stock-updated.html.
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.
Receive News & Ratings for Conn's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.