86,037 Shares in Conn's Inc (CONN) Purchased by North Fourth Asset Management LP
North Fourth Asset Management LP purchased a new position in shares of Conn's Inc (NASDAQ:CONN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 86,037 shares of the specialty retailer’s stock, valued at approximately $3,059,000. Conn's accounts for 1.0% of North Fourth Asset Management LP’s portfolio, making the stock its 25th biggest holding.
Several other institutional investors have also recently modified their holdings of CONN. Quantbot Technologies LP increased its stake in shares of Conn's by 110.2% during the third quarter. Quantbot Technologies LP now owns 3,864 shares of the specialty retailer’s stock worth $108,000 after acquiring an additional 2,026 shares during the period. Rational Advisors LLC acquired a new position in shares of Conn's during the third quarter worth about $108,000. Capital Fund Management S.A. acquired a new position in shares of Conn's during the fourth quarter worth about $213,000. Voya Investment Management LLC acquired a new position in shares of Conn's during the second quarter worth about $215,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Conn's during the third quarter worth about $224,000. Institutional investors and hedge funds own 69.40% of the company’s stock.
CONN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, December 12th. Oppenheimer reiterated a “buy” rating and set a $40.00 price target on shares of Conn's in a research note on Thursday, December 7th. BidaskClub upgraded shares of Conn's from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Stephens upped their target price on shares of Conn's from $39.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $37.50.
Conn's Inc (NASDAQ:CONN) opened at $33.05 on Monday. The company has a current ratio of 3.94, a quick ratio of 3.04 and a debt-to-equity ratio of 1.84. Conn's Inc has a 1 year low of $7.75 and a 1 year high of $37.80. The firm has a market cap of $1,036.80, a PE ratio of 75.11, a price-to-earnings-growth ratio of 0.59 and a beta of 1.79.
Conn's (NASDAQ:CONN) last issued its earnings results on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.14. Conn's had a net margin of 0.21% and a return on equity of 2.64%. The company had revenue of $373.20 million for the quarter, compared to analyst estimates of $372.40 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities analysts anticipate that Conn's Inc will post 0.88 EPS for the current fiscal year.
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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