Conn’s, Inc. (NASDAQ:CONN) shares traded up 1.3% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $21.20 and last traded at $20.93, with a volume of 167,528 shares changing hands. The stock had previously closed at $20.65.

Specifically, Director Douglas H. Martin acquired 10,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were acquired at an average cost of $17.83 per share, with a total value of $178,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder W. R. Jr. Stephens acquired 12,000 shares of the company’s stock in a transaction on Friday, July 14th. The shares were acquired at an average cost of $18.85 per share, for a total transaction of $226,200.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.

Several equities research analysts have commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Conn’s in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 11th. Stephens reaffirmed an “overweight” rating and set a $28.00 price objective (up from $25.00) on shares of Conn’s in a report on Monday. KeyCorp raised shares of Conn’s from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, April 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective (up from $19.00) on shares of Conn’s in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.50.

The stock has a 50 day moving average price of $18.56 and a 200 day moving average price of $13.67. The stock’s market cap is $699.34 million.

Conn’s (NASDAQ:CONN) last released its quarterly earnings results on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.17. The business had revenue of $355.80 million during the quarter, compared to the consensus estimate of $357.53 million. Conn’s had a negative return on equity of 0.72% and a negative net margin of 1.18%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.31) EPS. On average, analysts predict that Conn’s, Inc. will post $0.49 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CONN. American International Group Inc. increased its position in shares of Conn’s by 7.1% in the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock worth $109,000 after buying an additional 830 shares during the period. UBS Group AG increased its position in shares of Conn’s by 1.8% in the first quarter. UBS Group AG now owns 82,122 shares of the specialty retailer’s stock worth $719,000 after buying an additional 1,431 shares during the period. Geode Capital Management LLC increased its position in shares of Conn’s by 2.5% in the first quarter. Geode Capital Management LLC now owns 191,076 shares of the specialty retailer’s stock worth $1,671,000 after buying an additional 4,672 shares during the period. SG Americas Securities LLC increased its position in shares of Conn’s by 10.2% in the first quarter. SG Americas Securities LLC now owns 75,778 shares of the specialty retailer’s stock worth $663,000 after buying an additional 7,040 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Conn’s by 9.2% in the first quarter. Parametric Portfolio Associates LLC now owns 101,198 shares of the specialty retailer’s stock worth $885,000 after buying an additional 8,529 shares during the period. Institutional investors own 61.32% of the company’s stock.

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Conn’s Company Profile

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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