Shares of Conn’s Inc. (NASDAQ:CONN) rose 3.6% on Wednesday . The company traded as high as $6.92 and last traded at $6.88, with a volume of 385,326 shares trading hands. The stock had previously closed at $6.64.

CONN has been the topic of a number of analyst reports. Zacks Investment Research cut Conn’s from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 16th. Piper Jaffray Cos. cut Conn’s from an “overweight” rating to a “neutral” rating in a report on Friday, June 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.00.

The stock has a market cap of $204.14 million and a price-to-earnings ratio of 42.90. The stock’s 50-day moving average is $6.96 and its 200 day moving average is $10.98.

In other news, major shareholder A Stephens Grantors Tru Warren purchased 285,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was acquired at an average cost of $7.10 per share, with a total value of $2,023,500.00. Following the acquisition, the insider now owns 385,350 shares in the company, valued at approximately $2,735,985. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Saunders, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were purchased at an average cost of $7.60 per share, with a total value of $76,000.00. Following the completion of the acquisition, 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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