Prudential Financial Inc. bought a new stake in shares of Conn's Inc (NASDAQ:CONN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 214,905 shares of the specialty retailer’s stock, valued at approximately $6,050,000. Prudential Financial Inc. owned approximately 0.69% of Conn's at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Conn's by 45.9% in the 2nd quarter. State Street Corp now owns 566,793 shares of the specialty retailer’s stock valued at $10,828,000 after purchasing an additional 178,277 shares in the last quarter. Royce & Associates LP lifted its holdings in Conn's by 3.4% in the 2nd quarter. Royce & Associates LP now owns 429,411 shares of the specialty retailer’s stock valued at $8,202,000 after purchasing an additional 14,075 shares in the last quarter. Luzich Partners LLC lifted its holdings in Conn's by 3.8% in the 2nd quarter. Luzich Partners LLC now owns 305,822 shares of the specialty retailer’s stock valued at $5,841,000 after purchasing an additional 11,210 shares in the last quarter. Northpointe Capital LLC purchased a new position in Conn's in the 2nd quarter valued at $5,052,000. Finally, Acadian Asset Management LLC purchased a new position in Conn's in the 2nd quarter valued at $4,766,000. Hedge funds and other institutional investors own 71.61% of the company’s stock.

In related news, major shareholder Harriet C. Stephens bought 42,000 shares of the business’s stock in a transaction on Friday, October 13th. The stock was acquired at an average cost of $25.40 per share, with a total value of $1,066,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Harriet C. Stephens bought 23,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was bought at an average cost of $25.50 per share, with a total value of $586,500.00. The disclosure for this purchase can be found here. 3.48% of the stock is owned by company insiders.

CONN has been the topic of a number of research reports. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Conn's in a report on Tuesday, October 24th. Stifel Nicolaus lowered Conn's from a “buy” rating to a “hold” rating and raised their price objective for the company from $26.00 to $30.00 in a report on Monday, October 9th. Zacks Investment Research lowered Conn's from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. UBS AG upgraded Conn's from a “market perform” rating to an “outperform” rating in a report on Friday, September 29th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $33.00 price objective on shares of Conn's in a report on Thursday, October 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $33.33.

Shares of Conn's Inc (NASDAQ:CONN) opened at $29.10 on Monday. Conn's Inc has a 52 week low of $7.75 and a 52 week high of $32.90. The stock has a market capitalization of $908.12, a price-to-earnings ratio of 161.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.87. The company has a quick ratio of 4.70, a current ratio of 5.80 and a debt-to-equity ratio of 2.02.

Conn's (NASDAQ:CONN) last issued its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.28. Conn's had a return on equity of 3.29% and a net margin of 1.17%. The business had revenue of $366.65 million during the quarter, compared to the consensus estimate of $371.97 million. During the same period last year, the company earned ($0.04) EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. sell-side analysts anticipate that Conn's Inc will post 0.6 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Conn's (NASDAQ:CONN)

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