UBS Group AG boosted its position in shares of Conn’s, Inc. (NASDAQ:CONN) by 1.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 82,122 shares of the specialty retailer’s stock after buying an additional 1,431 shares during the period. UBS Group AG owned approximately 0.27% of Conn’s worth $719,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CONN. American International Group Inc. boosted its position in Conn’s by 7.1% in the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock worth $109,000 after buying an additional 830 shares in the last quarter. Geode Capital Management LLC boosted its position in Conn’s by 2.5% in the first quarter. Geode Capital Management LLC now owns 191,076 shares of the specialty retailer’s stock worth $1,671,000 after buying an additional 4,672 shares in the last quarter. SG Americas Securities LLC boosted its position in Conn’s by 10.2% in the first quarter. SG Americas Securities LLC now owns 75,778 shares of the specialty retailer’s stock worth $663,000 after buying an additional 7,040 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position 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 worth $885,000 after buying an additional 8,529 shares in the last quarter. Finally, American Assets Investment Management LLC boosted its position in Conn’s by 33.3% in the first quarter. American Assets Investment Management LLC now owns 40,000 shares of the specialty retailer’s stock worth $350,000 after buying an additional 10,000 shares in the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.
Conn’s, Inc. (CONN) opened at 22.225 on Monday. Conn’s, Inc. has a 52 week low of $6.54 and a 52 week high of $22.85. The company’s market capitalization is $689.26 million. The stock’s 50 day moving average price is $18.71 and its 200-day moving average price is $13.74.
Conn’s (NASDAQ:CONN) last announced its earnings results on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.17. The firm had revenue of $355.80 million for the quarter, compared to analysts’ expectations of $357.53 million. Conn’s had a negative net margin of 1.18% and a negative return on equity of 0.72%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. On average, equities research analysts predict that Conn’s, Inc. will post $0.49 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Conn’s in a research note on Tuesday, June 6th. Zacks Investment Research raised Conn’s from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, July 11th. Stephens reissued an “overweight” rating and issued a $28.00 target price (up previously from $25.00) on shares of Conn’s in a research note on Monday, July 17th. KeyCorp raised Conn’s from a “sector weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price (up previously from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.50.
In other news, Director James H. Haworth sold 7,392 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $19.34, for a total transaction of $142,961.28. Following the sale, the director now directly owns 4,425 shares in the company, valued at approximately $85,579.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas H. Martin bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were acquired at an average price of $17.83 per share, for a total transaction of $178,300.00. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by corporate insiders.
Conn’s Company Profile
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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