Dimensional Fund Advisors LP lowered its stake in Conn’s, Inc. (NASDAQ:CONN) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,521,904 shares of the specialty retailer’s stock after selling 1,400 shares during the period. Dimensional Fund Advisors LP’s holdings in Conn’s were worth $13,317,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised 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 valued at $1,671,000 after buying an additional 4,672 shares during the last quarter. Stephens Inc. AR raised its position 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 during the last quarter. Royce & Associates LP raised its position in shares of 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 last quarter. California Public Employees Retirement System raised its position in shares of Conn’s by 27.9% in the first quarter. California Public Employees Retirement System now owns 188,300 shares of the specialty retailer’s stock valued at $1,648,000 after buying an additional 41,100 shares during the last quarter. Finally, American International Group Inc. raised 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 valued at $109,000 after buying an additional 830 shares during the last quarter. 63.74% of the stock is currently owned by institutional investors.

Conn’s, Inc. (CONN) traded down 3.48% during trading on Thursday, hitting $19.40. The company had a trading volume of 85,837 shares. The company’s market cap is $601.65 million. Conn’s, Inc. has a 12 month low of $6.55 and a 12 month high of $23.75. The company’s 50 day moving average price is $20.57 and its 200-day moving average price is $15.04.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.17. The business had revenue of $355.80 million during 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%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the firm posted ($0.31) earnings per share. Equities analysts expect that Conn’s, Inc. will post $0.49 earnings per share for the current year.

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Several equities analysts have issued reports on the company. BidaskClub lowered Conn’s from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research lowered Conn’s from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Stephens reaffirmed an “overweight” rating and set a $28.00 price objective (up previously from $25.00) on shares of Conn’s in a report on Monday, July 17th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Conn’s in a report on Tuesday, June 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective (up previously from $19.00) on shares of Conn’s in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.50.

In related news, Director Douglas H. Martin acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was acquired at an average cost of $17.83 per share, for a total transaction of $178,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder W. R. Jr. Stephens acquired 12,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was bought at an average price of $18.85 per share, with a total value of $226,200.00. The disclosure for this purchase can be found here. Company insiders own 3.48% of the company’s stock.

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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Institutional Ownership by Quarter for Conn`s (NASDAQ:CONN)

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