Shares of Conn’s Inc. (NASDAQ:CONN) dropped 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.

CONN has been the topic of several research reports. SunTrust Banks Inc. lowered their price target on shares of Conn’s from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, March 30th. Piper Jaffray Cos. lowered shares of Conn’s from an “overweight” rating to a “neutral” rating in a research report on Friday, June 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.00.

The stock 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 $8.18 and a 200-day moving average price of $13.04.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings data 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 in the prior year, the company earned $0.44 EPS. The firm earned $319.04 million during the quarter, compared to analyst estimates of $393.16 million. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that Conn’s Inc. will post ($0.14) earnings per share for the current fiscal year.

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