Conn’s Inc (NASDAQ:CONN) insider Brian Daly acquired 4,200 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $23.05 per share, with a total value of $96,810.00. Following the completion of the acquisition, the insider now owns 58,533 shares of the company’s stock, valued at approximately $1,349,185.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Conn’s stock traded down $1.26 during mid-day trading on Friday, hitting $23.73. 769,546 shares of the company’s stock were exchanged, compared to its average volume of 607,886. The company has a debt-to-equity ratio of 1.57, a current ratio of 4.57 and a quick ratio of 3.86. The company has a market capitalization of $792.88 million, a price-to-earnings ratio of 24.98, a PEG ratio of 0.46 and a beta of 1.87. Conn’s Inc has a 1-year low of $22.10 and a 1-year high of $42.65.
Conn’s (NASDAQ:CONN) last posted its earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The firm had revenue of $373.80 million for the quarter, compared to the consensus estimate of $383.59 million. Conn’s had a net margin of 3.09% and a return on equity of 12.17%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Conn’s Inc will post 2.38 earnings per share for the current year.
Several analysts recently issued reports on the company. BidaskClub lowered Conn’s from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Compass Point reiterated a “hold” rating and set a $38.50 price objective on shares of Conn’s in a report on Friday, August 17th. Zacks Investment Research lowered Conn’s from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine lowered Conn’s from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Stephens cut their price objective on Conn’s to $33.00 and set an “overweight” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.08.
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in Conn’s by 24,061.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock worth $104,000 after buying an additional 3,128 shares during the last quarter. Point72 Hong Kong Ltd grew its position in shares of Conn’s by 213.5% in the third quarter. Point72 Hong Kong Ltd now owns 3,483 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 2,372 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in shares of Conn’s by 1,900.0% in the second quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 3,800 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Conn’s in the third quarter valued at about $187,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Conn’s in the third quarter valued at about $216,000. 68.54% of the stock is currently owned by hedge funds and other institutional investors.
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.
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