Insider Buying: Conn's Inc (CONN) Director Buys $32,200.00 in Stock
Conn's Inc (NASDAQ:CONN) Director David Schofman purchased 1,000 shares of Conn's stock in a transaction on Monday, December 11th. The stock was bought at an average cost of $32.20 per share, for a total transaction of $32,200.00. Following the transaction, the director now directly owns 20,384 shares in the company, valued at $656,364.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Conn's Inc (NASDAQ CONN) traded up $1.45 during trading hours on Friday, reaching $33.95. The company had a trading volume of 618,670 shares, compared to its average volume of 511,808. The stock has a market cap of $1,070.00, a P/E ratio of 77.16, a PEG ratio of 1.67 and a beta of 1.86. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84. Conn's Inc has a 12-month low of $7.75 and a 12-month high of $37.80.
Conn's (NASDAQ:CONN) last posted its quarterly earnings data on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. Conn's had a return on equity of 2.64% and a net margin of 0.21%. The company had revenue of $373.20 million during the quarter, compared to analysts’ expectations of $372.40 million. During the same period last year, the firm earned ($0.08) EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. equities research analysts predict that Conn's Inc will post 0.88 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the company. Oppenheimer reaffirmed a “buy” rating on shares of Conn's in a research report on Wednesday. Stephens increased their price objective on Conn's from $39.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday. BidaskClub upgraded Conn's from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Conn's from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, December 12th. Finally, UBS upgraded Conn's from a “market perform” rating to an “outperform” rating in a report on Friday, September 29th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $37.50.
A number of institutional investors have recently bought and sold shares of the business. Luzich Partners LLC lifted its position in Conn's by 3.3% during the 3rd quarter. Luzich Partners LLC now owns 315,822 shares of the specialty retailer’s stock worth $8,890,000 after acquiring an additional 10,000 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in Conn's during the 3rd quarter worth approximately $287,000. Allianz Asset Management GmbH acquired a new stake in Conn's during the 3rd quarter worth approximately $224,000. KBC Group NV acquired a new stake in Conn's during the 3rd quarter worth approximately $761,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Conn's by 12.3% in the 3rd quarter. Wells Fargo & Company MN now owns 18,188 shares of the specialty retailer’s stock valued at $512,000 after buying an additional 1,996 shares during the period. 71.94% of the stock is owned by institutional investors.
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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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