Conn’s (CONN) Scheduled to Post Quarterly Earnings on Thursday

Conn’s (NASDAQ:CONN) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 11th. Analysts expect the company to announce earnings of ($1.31) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Conn’s Stock Performance

Shares of CONN stock opened at $3.33 on Wednesday. The firm has a market capitalization of $81.75 million, a price-to-earnings ratio of -0.49 and a beta of 2.42. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.38 and a quick ratio of 2.41. The business has a fifty day moving average of $3.92 and a 200 day moving average of $3.77. Conn’s has a 1 year low of $2.55 and a 1 year high of $6.00.

Hedge Funds Weigh In On Conn’s

A number of institutional investors have recently modified their holdings of the stock. Nantahala Capital Management LLC acquired a new stake in shares of Conn’s during the 4th quarter valued at about $1,596,000. AQR Capital Management LLC boosted its holdings in Conn’s by 312.3% in the 4th quarter. AQR Capital Management LLC now owns 358,501 shares of the specialty retailer’s stock worth $2,466,000 after buying an additional 271,555 shares during the last quarter. Millennium Management LLC boosted its holdings in Conn’s by 524.4% in the 4th quarter. Millennium Management LLC now owns 298,096 shares of the specialty retailer’s stock worth $2,051,000 after buying an additional 250,358 shares during the last quarter. BlackRock Inc. boosted its holdings in Conn’s by 11.6% in the 1st quarter. BlackRock Inc. now owns 2,162,915 shares of the specialty retailer’s stock worth $13,107,000 after buying an additional 224,376 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Conn’s by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 903,509 shares of the specialty retailer’s stock worth $4,012,000 after buying an additional 212,274 shares during the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Conn’s from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.