Two Sigma Investments LP bought a new stake in shares of Conn’s (NASDAQ:CONN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,444 shares of the specialty retailer’s stock, valued at approximately $229,000.
A number of other large investors also recently added to or reduced their stakes in CONN. QS Investors LLC acquired a new position in Conn’s during the 4th quarter valued at $194,000. Capital Fund Management S.A. acquired a new position in shares of Conn’s in the 4th quarter valued at $213,000. Allianz Asset Management GmbH acquired a new position in shares of Conn’s in the 3rd quarter valued at $224,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Conn’s in the 4th quarter valued at $239,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Conn’s in the 4th quarter valued at $243,000. Hedge funds and other institutional investors own 68.39% of the company’s stock.
Shares of CONN stock opened at $26.45 on Friday. Conn’s has a 52-week low of $13.25 and a 52-week high of $37.80. The firm has a market capitalization of $883.49, a PE ratio of 29.47, a price-to-earnings-growth ratio of 0.54 and a beta of 1.71. The company has a quick ratio of 5.29, a current ratio of 6.58 and a debt-to-equity ratio of 2.04.
Conn’s (NASDAQ:CONN) last announced its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Conn’s had a net margin of 0.43% and a return on equity of 5.72%. The company had revenue of $420.40 million during the quarter, compared to analysts’ expectations of $429.67 million. During the same quarter in the prior year, the company posted $0.05 EPS. The business’s revenue was down 2.9% on a year-over-year basis. equities research analysts forecast that Conn’s will post 2.24 earnings per share for the current year.
In other news, insider Brian Daly bought 5,100 shares of the stock in a transaction dated Monday, April 9th. The shares were acquired at an average price of $27.87 per share, with a total value of $142,137.00. Following the acquisition, the insider now owns 55,206 shares in the company, valued at $1,538,591.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO George L. Bchara bought 7,390 shares of the stock in a transaction dated Tuesday, April 10th. The stock was purchased at an average cost of $27.41 per share, for a total transaction of $202,559.90. Following the acquisition, the chief accounting officer now owns 42,816 shares in the company, valued at approximately $1,173,586.56. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently issued reports on CONN shares. BidaskClub cut shares of Conn’s from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. ValuEngine upgraded shares of Conn’s from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research cut shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Conn’s presently has a consensus rating of “Buy” and an average target price of $37.50.
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Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's 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 comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories.
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