Conn’s, Inc. (NASDAQ:CONN) was up 0.1% during trading on Monday . The stock traded as high as $28.50 and last traded at $28.18. Approximately 277,125 shares traded hands during trading, a decline of 53% from the average daily volume of 587,528 shares. The stock had previously closed at $28.15.

CONN has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Conn’s in a report on Wednesday, June 7th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Conn’s in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Conn’s from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a report on Wednesday, June 7th. Stephens reissued an “overweight” rating and issued a $28.00 price target (up from $25.00) on shares of Conn’s in a research report on Monday, July 17th. Finally, BidaskClub raised Conn’s from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.60.

The stock’s market cap is $861.29 million. The company’s 50 day moving average is $21.49 and its 200 day moving average is $17.97.

Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.28. The company had revenue of $366.65 million during the quarter, compared to analyst estimates of $371.97 million. Conn’s had a positive return on equity of 1.08% and a negative net margin of 0.14%. Conn’s’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, analysts predict that Conn’s, Inc. will post $0.74 earnings per share for the current fiscal year.

In related news, major shareholder W. R. Jr. Stephens acquired 12,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average cost of $18.85 per share, for a total transaction of $226,200.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.48% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CONN. Parametric Portfolio Associates LLC grew its stake in Conn’s by 9.2% in the first quarter. Parametric Portfolio Associates LLC now owns 101,198 shares of the specialty retailer’s stock valued at $885,000 after purchasing an additional 8,529 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Conn’s by 10.2% during the first quarter. SG Americas Securities LLC now owns 75,778 shares of the specialty retailer’s stock valued at $663,000 after buying an additional 7,040 shares during the last quarter. American International Group Inc. lifted its position in shares of Conn’s by 7.1% during the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 830 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Conn’s by 27.9% during the first quarter. California Public Employees Retirement System now owns 188,300 shares of the specialty retailer’s stock valued at $1,648,000 after buying an additional 41,100 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of Conn’s by 108.3% during the first quarter. Royce & Associates LP now owns 415,336 shares of the specialty retailer’s stock valued at $3,634,000 after buying an additional 215,900 shares during the last quarter. Institutional investors own 70.97% of the company’s stock.

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About Conn’s

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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