Conn’s, Inc. (NASDAQ:CONN) major shareholder W. R. Jr. Stephens bought 12,000 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was purchased at an average cost of $18.85 per share, for a total transaction of $226,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Conn’s, Inc. (CONN) opened at 22.05 on Friday. The firm’s market capitalization is $683.84 million. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $13.74. Conn’s, Inc. has a 1-year low of $6.54 and a 1-year high of $22.85.

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

ILLEGAL ACTIVITY WARNING: This article was posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/07/21/insider-buying-conns-inc-conn-major-shareholder-buys-226200-00-in-stock.html.

Several equities analysts have commented on CONN shares. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price (up from $19.00) on shares of Conn’s in a report on Wednesday, June 7th. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Conn’s in a report on Tuesday, June 20th. ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Stephens reissued an “overweight” rating and issued a $28.00 target price (up from $25.00) on shares of Conn’s in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP boosted its position in Conn’s by 108.3% in the first quarter. Royce & Associates LP now owns 415,336 shares of the specialty retailer’s stock valued at $3,634,000 after buying an additional 215,900 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Conn’s by 77.5% in the first quarter. Point72 Asset Management L.P. now owns 400,000 shares of the specialty retailer’s stock valued at $3,500,000 after buying an additional 174,600 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Conn’s by 85.5% in the first quarter. Stephens Inc. AR now owns 376,350 shares of the specialty retailer’s stock valued at $3,293,000 after buying an additional 173,416 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Conn’s during the fourth quarter valued at about $1,279,000. Finally, Bank of Montreal Can purchased a new stake in shares of Conn’s during the first quarter valued at about $875,000. Institutional investors own 61.32% of the company’s stock.

About Conn’s

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.

Receive News & Ratings for Conn's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.