Conn’s Inc (NASDAQ:CONN) VP Todd Renaud sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $24.67, for a total transaction of $74,010.00. Following the completion of the transaction, the vice president now owns 35,141 shares of the company’s stock, valued at $866,928.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Conn’s stock opened at $24.04 on Friday. Conn’s Inc has a 12-month low of $15.40 and a 12-month high of $35.90. The company has a market cap of $718.54 million, a P/E ratio of 9.58, a PEG ratio of 0.40 and a beta of 2.19. The company has a current ratio of 5.01, a quick ratio of 3.97 and a debt-to-equity ratio of 2.01. The company’s fifty day simple moving average is $22.18 and its two-hundred day simple moving average is $21.60.
Conn’s (NASDAQ:CONN) last announced its earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. The firm had revenue of $401.10 million for the quarter, compared to analysts’ expectations of $398.10 million. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Analysts predict that Conn’s Inc will post 2.73 EPS for the current fiscal year.
Several brokerages have issued reports on CONN. Zacks Investment Research upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus reissued a “buy” rating and set a $31.00 price target (up from $28.00) on shares of Conn’s in a research note on Tuesday, September 3rd. ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. KeyCorp set a $41.00 price target on shares of Conn’s and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, BidaskClub downgraded shares of Conn’s from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Conn’s currently has an average rating of “Buy” and an average price target of $33.50.
A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Conn’s by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,875,092 shares of the specialty retailer’s stock valued at $35,365,000 after acquiring an additional 411,845 shares during the period. Eidelman Virant Capital bought a new position in Conn’s during the 2nd quarter valued at about $178,000. Prudential Financial Inc. increased its position in shares of Conn’s by 9.4% during the 2nd quarter. Prudential Financial Inc. now owns 363,395 shares of the specialty retailer’s stock valued at $6,476,000 after purchasing an additional 31,290 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Conn’s by 1,228.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 31,884 shares of the specialty retailer’s stock valued at $729,000 after purchasing an additional 29,484 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Conn’s by 218.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,500 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors own 78.55% of the company’s stock.
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.
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