Conn’s Inc (NASDAQ:CONN) shares traded down 13.2% on Tuesday . The company traded as low as $35.15 and last traded at $35.60. 3,673,115 shares traded hands during trading, an increase of 625% from the average session volume of 506,961 shares. The stock had previously closed at $41.00.

A number of research analysts recently weighed in on the stock. KeyCorp lifted their target price on shares of Conn’s from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, July 10th. BidaskClub upgraded shares of Conn’s from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Stifel Nicolaus upgraded shares of Conn’s from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $45.00 in a research note on Tuesday, July 10th. ValuEngine upgraded shares of Conn’s from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Finally, Zacks Investment Research cut shares of Conn’s from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Conn’s currently has an average rating of “Buy” and a consensus price target of $40.94.

The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.08 and a current ratio of 5.06. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62.

Conn’s (NASDAQ:CONN) last announced its quarterly earnings results on Tuesday, September 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.41 by $0.16. The business had revenue of $384.60 million for the quarter, compared to analysts’ expectations of $383.96 million. Conn’s had a net margin of 1.43% and a return on equity of 8.37%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. analysts forecast that Conn’s Inc will post 2.22 earnings per share for the current year.

In other Conn’s news, VP Todd Renaud sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $36.75, for a total value of $36,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bob L. Martin sold 6,000 shares of the business’s stock in a transaction on Friday, July 13th. The stock was sold at an average price of $37.74, for a total transaction of $226,440.00. Following the completion of the sale, the director now owns 59,865 shares in the company, valued at approximately $2,259,305.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,000 shares of company stock worth $563,190. Corporate insiders own 3.34% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in Conn’s by 24,061.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 3,128 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of Conn’s by 1,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock worth $131,000 after buying an additional 3,800 shares during the last quarter. Guggenheim Capital LLC bought a new stake in shares of Conn’s in the 1st quarter worth about $255,000. WINTON GROUP Ltd bought a new stake in shares of Conn’s in the 1st quarter worth about $291,000. Finally, Navellier & Associates Inc bought a new stake in shares of Conn’s in the 2nd quarter worth about $341,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

About Conn’s (NASDAQ:CONN)

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.

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