Conn’s Inc (CONN) VP Todd Renaud Sells 1,000 Shares

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Conn’s Inc (NASDAQ:CONN) VP Todd Renaud sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $36.75, for a total transaction of $36,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ CONN traded down $0.85 during mid-day trading on Friday, reaching $34.95. The company had a trading volume of 487,699 shares, compared to its average volume of 547,347. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.06 and a quick ratio of 4.08. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.66. Conn’s Inc has a 52-week low of $16.50 and a 52-week high of $37.95.

Conn’s (NASDAQ:CONN) last posted its earnings results on Monday, June 4th. The specialty retailer reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.13. The firm had revenue of $358.40 million for the quarter, compared to the consensus estimate of $355.10 million. Conn’s had a net margin of 1.43% and a return on equity of 8.37%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. sell-side analysts forecast that Conn’s Inc will post 2.22 earnings per share for the current year.

A number of brokerages have commented on CONN. Stifel Nicolaus increased their price objective on shares of Conn’s from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, June 8th. ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. BidaskClub raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Finally, Zacks Investment Research downgraded shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.33.

A number of large investors have recently modified their holdings of the stock. Sei Investments Co. boosted its stake in Conn’s by 24.7% during the 1st quarter. Sei Investments Co. now owns 12,492 shares of the specialty retailer’s stock worth $425,000 after purchasing an additional 2,474 shares during the period. Swiss National Bank boosted its stake in Conn’s by 8.6% during the 1st quarter. Swiss National Bank now owns 35,200 shares of the specialty retailer’s stock worth $1,197,000 after purchasing an additional 2,800 shares during the period. Maverick Capital Ltd. boosted its stake in Conn’s by 2.8% during the 4th quarter. Maverick Capital Ltd. now owns 146,303 shares of the specialty retailer’s stock worth $5,201,000 after purchasing an additional 4,053 shares during the period. Macquarie Group Ltd. boosted its stake in Conn’s by 39.1% during the 4th quarter. Macquarie Group Ltd. now owns 15,300 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 4,300 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Conn’s by 23.8% during the 4th quarter. Alliancebernstein L.P. now owns 24,430 shares of the specialty retailer’s stock worth $868,000 after purchasing an additional 4,700 shares during the period. Hedge funds and other institutional investors own 68.21% 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. 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.

Insider Buying and Selling by Quarter for Conn`s (NASDAQ:CONN)

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