Conn’s Inc. (NASDAQ:CONN) shares rose 3.8% during trading on Thursday . The company traded as high as $7.61 and last traded at $7.37, with a volume of 600,229 shares traded. The stock had previously closed at $7.10.

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

The stock has a market capitalization of $222.25 million and a price-to-earnings ratio of 46.71. The company’s 50-day moving average price is $7.92 and its 200 day moving average price is $12.69.

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

In related news, major shareholder A Stephens Grantors Tru Warren purchased 285,000 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was purchased at an average cost of $7.10 per share, for a total transaction of $2,023,500.00. Following the completion of the purchase, the insider now directly owns 385,350 shares in the company, valued at $2,735,985. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Luxor Capital Group, Lp sold 1,067,225 shares of the firm’s stock in a transaction that occurred 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.

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