Conn’s Inc (NASDAQ:CONN) insider Brian Daly bought 4,200 shares of Conn’s stock in a transaction that occurred on Thursday, December 6th. The stock was bought at an average price of $23.05 per share, with a total value of $96,810.00. Following the purchase, the insider now owns 58,533 shares of the company’s stock, valued at approximately $1,349,185.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CONN traded down $1.26 during midday trading on Friday, reaching $23.73. 769,546 shares of the company’s stock were exchanged, compared to its average volume of 607,886. The stock has a market cap of $792.88 million, a price-to-earnings ratio of 24.98, a P/E/G ratio of 0.46 and a beta of 1.87. The company has a quick ratio of 3.86, a current ratio of 4.57 and a debt-to-equity ratio of 1.57. Conn’s Inc has a one year low of $22.10 and a one year high of $42.65.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings results on Tuesday, December 4th. The specialty retailer reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $373.80 million during the quarter, compared to analysts’ expectations of $383.59 million. Conn’s had a net margin of 3.09% and a return on equity of 12.17%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. Equities research analysts expect that Conn’s Inc will post 2.38 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CONN. BNP Paribas Arbitrage SA lifted its stake in Conn’s by 807.5% during the second quarter. BNP Paribas Arbitrage SA now owns 41,184 shares of the specialty retailer’s stock worth $1,359,000 after purchasing an additional 36,646 shares during the period. Eqis Capital Management Inc. bought a new position in Conn’s during the second quarter worth about $398,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Conn’s during the second quarter worth about $375,000. Sei Investments Co. lifted its stake in Conn’s by 53.8% during the second quarter. Sei Investments Co. now owns 19,218 shares of the specialty retailer’s stock worth $634,000 after purchasing an additional 6,726 shares during the period. Finally, Navellier & Associates Inc bought a new position in shares of Conn’s in the second quarter valued at approximately $341,000. Hedge funds and other institutional investors own 68.54% of the company’s stock.

Several equities research analysts recently weighed in on CONN shares. Zacks Investment Research upgraded shares of Conn’s from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Friday, September 7th. BidaskClub cut shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Stephens reduced their target price on shares of Conn’s to $33.00 and set an “overweight” rating for the company in a research note on Wednesday. ValuEngine cut shares of Conn’s from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Compass Point reiterated a “hold” rating and issued a $38.50 target price on shares of Conn’s in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Conn’s has an average rating of “Hold” and a consensus price target of $41.08.

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Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

Further Reading: Buyback

Insider Buying and Selling by Quarter for Conn`s (NASDAQ:CONN)

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