Conn’s Inc. (NASDAQ:CONN) shares fell 1.8% during mid-day trading on Friday . The company traded as low as $7.00 and last traded at $7.11, with a volume of 458,225 shares changing hands. The stock had previously closed at $7.24.

A number of research firms have recently issued reports on CONN. SunTrust Banks Inc. cut their target price on shares of Conn’s from $28.00 to $22.00 and set a “buy” rating for the company 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 given a hold rating and three have issued a buy rating to the company’s stock. Conn’s currently has an average rating of “Hold” and an average target price of $34.00.

The firm has a 50-day moving average of $7.74 and a 200-day moving average of $12.55. The company has a market capitalization of $218.26 million and a PE ratio of 45.87.

Conn’s (NASDAQ:CONN) last released its quarterly earnings results on Thursday, June 2nd. The company reported ($0.31) earnings per share 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 posted $0.44 earnings per share. The business had revenue of $319.04 million for the quarter, compared to analysts’ expectations of $393.16 million. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts expect that Conn’s Inc. will post ($0.14) earnings per share for the current fiscal year.

In other Conn’s news, major shareholder A Stephens Grantors Tru Warren bought 285,000 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were purchased at an average price of $7.10 per share, for a total transaction of $2,023,500.00. Following the transaction, the insider now directly owns 385,350 shares in the company, valued at approximately $2,735,985. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William E. Saunders, Jr. bought 10,000 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were acquired at an average price of $7.60 per share, for a total transaction of $76,000.00. Following the transaction, the director now owns 20,227 shares in the company, valued at $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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