Conn’s Inc. (NASDAQ:CONN)’s share price fell 2% during mid-day trading on Friday . The stock traded as low as $7.25 and last traded at $7.27, with a volume of 133,106 shares trading hands. The stock had previously closed at $7.42.

Several research firms have issued reports on CONN. SunTrust Banks Inc. cut their target price on Conn’s from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, March 30th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Conn’s in a research note on Thursday, March 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Conn’s has an average rating of “Hold” and a consensus target price of $34.00.

The firm has a market cap of $222.25 million and a price-to-earnings ratio of 46.71. The firm has a 50 day moving average price of $8.29 and a 200 day moving average price of $13.16.

Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, June 2nd. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.37. During the same quarter last year, the firm posted $0.44 earnings per share. The company earned $319.04 million during the quarter, compared to analysts’ expectations of $393.16 million. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that Conn’s Inc. will post ($0.14) EPS for the current fiscal year.

In related news, major shareholder Luxor Capital Group, Lp sold 1,067,225 shares of the stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $8.86, for a total transaction of $9,455,613.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William E. Saunders, Jr. bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were purchased at an average cost of $7.60 per share, for a total transaction of $76,000.00. Following the purchase, the director now owns 20,227 shares in the company, valued at approximately $153,725.20. The disclosure for this purchase can be found here.

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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