Conn’s (NASDAQ:CONN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday, BidAskClub reports.

Several other analysts also recently issued reports on the stock. ValuEngine downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price objective (up from $28.00) on shares of Conn’s in a report on Tuesday, September 3rd. KeyCorp set a $41.00 price objective on shares of Conn’s and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.40.

NASDAQ CONN traded down $0.77 during mid-day trading on Friday, hitting $21.28. The company’s stock had a trading volume of 28,559 shares, compared to its average volume of 314,067. The company’s 50 day simple moving average is $24.52 and its 200 day simple moving average is $21.65. Conn’s has a twelve month low of $15.40 and a twelve month high of $29.43. The company has a current ratio of 5.01, a quick ratio of 3.97 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $642.52 million, a price-to-earnings ratio of 8.48, a PEG ratio of 0.35 and a beta of 2.11.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. The business had revenue of $401.10 million during the quarter, compared to the consensus estimate of $398.10 million. During the same quarter last year, the firm posted $0.57 EPS. Conn’s’s revenue was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Conn’s will post 2.73 EPS for the current year.

In other news, insider Brian Daly sold 8,700 shares of Conn’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $27.00, for a total transaction of $234,900.00. Following the sale, the insider now directly owns 47,482 shares in the company, valued at approximately $1,282,014. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd Renaud sold 3,000 shares of Conn’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $24.67, for a total value of $74,010.00. Following the sale, the vice president now owns 35,141 shares in the company, valued at $866,928.47. The disclosure for this sale can be found here. 3.68% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Conn’s by 1.7% during the 2nd quarter. BlackRock Inc. now owns 3,428,201 shares of the specialty retailer’s stock worth $61,091,000 after purchasing an additional 57,289 shares during the period. Vanguard Group Inc. raised its stake in shares of Conn’s by 9.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,094,359 shares of the specialty retailer’s stock worth $37,321,000 after purchasing an additional 183,478 shares during the period. Morgan Stanley raised its stake in shares of Conn’s by 21.6% during the 2nd quarter. Morgan Stanley now owns 1,048,751 shares of the specialty retailer’s stock worth $18,688,000 after purchasing an additional 186,498 shares during the period. Hodges Capital Management Inc. raised its stake in shares of Conn’s by 24.6% during the 2nd quarter. Hodges Capital Management Inc. now owns 485,300 shares of the specialty retailer’s stock worth $8,648,000 after purchasing an additional 95,665 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Conn’s by 2.1% during the 2nd quarter. Northern Trust Corp now owns 417,565 shares of the specialty retailer’s stock worth $7,441,000 after purchasing an additional 8,547 shares during the period. Institutional investors own 73.16% of the company’s stock.

Conn’s Company Profile

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 furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.

Featured Article: What is diluted earnings per share (Diluted EPS)?

Receive News & Ratings for Conn's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's and related companies with MarketBeat.com's FREE daily email newsletter.