12,117 Shares in Conn’s Inc (NASDAQ:CONN) Purchased by Cambria Investment Management L.P.

Cambria Investment Management L.P. purchased a new stake in Conn’s Inc (NASDAQ:CONN) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,117 shares of the specialty retailer’s stock, valued at approximately $412,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Conn’s by 40.1% in the first quarter. JPMorgan Chase & Co. now owns 415,767 shares of the specialty retailer’s stock valued at $14,136,000 after purchasing an additional 119,075 shares in the last quarter. Northern Trust Corp increased its stake in Conn’s by 2.1% in the first quarter. Northern Trust Corp now owns 249,609 shares of the specialty retailer’s stock valued at $8,487,000 after purchasing an additional 5,241 shares in the last quarter. Engineers Gate Manager LP increased its stake in Conn’s by 119.0% in the first quarter. Engineers Gate Manager LP now owns 36,100 shares of the specialty retailer’s stock valued at $1,227,000 after purchasing an additional 19,615 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Conn’s by 7.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 123,281 shares of the specialty retailer’s stock valued at $4,192,000 after purchasing an additional 8,281 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Conn’s by 8.6% during the first quarter. Swiss National Bank now owns 35,200 shares of the specialty retailer’s stock worth $1,197,000 after acquiring an additional 2,800 shares in the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

Conn’s stock opened at $35.80 on Friday. Conn’s Inc has a fifty-two week low of $16.50 and a fifty-two week high of $37.95. The stock has a market cap of $1.16 billion, a P/E ratio of 37.68, a PEG ratio of 0.72 and a beta of 1.66. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.08 and a current ratio of 5.06.



Conn’s (NASDAQ:CONN) last released its quarterly earnings results on Monday, June 4th. The specialty retailer reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.13. Conn’s had a net margin of 1.43% and a return on equity of 8.37%. The business had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $355.10 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. research analysts anticipate that Conn’s Inc will post 2.22 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Conn’s from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Stifel Nicolaus boosted their target price on shares of Conn’s from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, June 8th. 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. Finally, ValuEngine raised shares of Conn’s from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $38.33.

In other Conn’s news, VP Todd Renaud sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $36.75, for a total value of $36,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO George L. Bchara bought 7,390 shares of the company’s stock in a transaction on Tuesday, April 10th. The stock was bought at an average price of $27.41 per share, for a total transaction of $202,559.90. Following the completion of the purchase, the chief accounting officer now owns 42,816 shares of the company’s stock, valued at $1,173,586.56. The disclosure for this purchase can be found here. 3.34% of the stock is currently owned by insiders.

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.

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

Receive News & Ratings for Conn's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply