Sei Investments Co. acquired a new position in Conn's Inc (NASDAQ:CONN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,667 shares of the specialty retailer’s stock, valued at approximately $244,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in shares of Conn's by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock worth $310,000 after buying an additional 400 shares during the period. Geode Capital Management LLC grew its position in shares of Conn's by 2.5% during the 1st 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. ClariVest Asset Management LLC acquired a new position in shares of Conn's during the 2nd quarter worth about $114,000. Nationwide Fund Advisors grew its position in shares of Conn's by 78.5% during the 2nd quarter. Nationwide Fund Advisors now owns 20,402 shares of the specialty retailer’s stock worth $390,000 after buying an additional 8,974 shares during the period. Finally, PDT Partners LLC grew its position in shares of Conn's by 12.9% during the 2nd quarter. PDT Partners LLC now owns 92,200 shares of the specialty retailer’s stock worth $1,761,000 after buying an additional 10,500 shares during the period. Hedge funds and other institutional investors own 71.94% of the company’s stock.

Several research firms have recently issued reports on CONN. Stephens boosted their target price on Conn's from $39.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer restated a “buy” rating on shares of Conn's in a research report on Wednesday. Zacks Investment Research upgraded Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Tuesday. BidaskClub upgraded Conn's from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $33.00 price objective on shares of Conn's in a research report on Thursday, October 19th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $37.50.

Conn's Inc (CONN) opened at $32.50 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 3.94 and a quick ratio of 3.04. Conn's Inc has a 12-month low of $7.75 and a 12-month high of $37.80. The stock has a market capitalization of $1,040.00, a P/E ratio of 72.04, a P/E/G ratio of 1.56 and a beta of 1.86.

Conn's (NASDAQ:CONN) last issued its quarterly earnings data on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.14. Conn's had a return on equity of 2.64% and a net margin of 0.21%. The business had revenue of $373.20 million during the quarter, compared to analyst estimates of $372.40 million. During the same period in the previous year, the firm earned ($0.08) EPS. Conn's’s quarterly revenue was down 1.0% compared to the same quarter last year. research analysts anticipate that Conn's Inc will post 0.88 earnings per share for the current fiscal year.

In other news, major shareholder Harriet C. Stephens bought 23,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were purchased at an average price of $25.50 per share, for a total transaction of $586,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Schofman bought 1,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $32.20 per share, for a total transaction of $32,200.00. Following the purchase, the director now directly owns 20,384 shares in the company, valued at approximately $656,364.80. The disclosure for this purchase can be found here. Insiders purchased a total of 66,000 shares of company stock valued at $1,685,500 over the last quarter. 3.48% of the stock is owned by insiders.

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Conn's 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.

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

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