BidaskClub downgraded shares of Conn’s, Inc. (NASDAQ:CONN) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

A number of other analysts also recently commented on CONN. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Conn’s in a research report on Tuesday, June 6th. Zacks Investment Research downgraded Conn’s from a buy rating to a hold rating in a research report on Tuesday, August 8th. Stephens reaffirmed an overweight rating and set a $28.00 price target (up from $25.00) on shares of Conn’s in a research report on Monday, July 17th. ValuEngine raised Conn’s from a sell rating to a hold rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $20.00 price target (up from $19.00) on shares of Conn’s in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $22.50.

Shares of Conn’s (NASDAQ:CONN) traded up 0.120% during trading on Friday, reaching $20.825. The company’s stock had a trading volume of 124,609 shares. Conn’s has a 12 month low of $6.55 and a 12 month high of $23.75. The firm’s market cap is $645.85 million. The company’s 50 day moving average price is $20.31 and its 200 day moving average price is $14.80.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings results on Tuesday, June 6th. The specialty retailer reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.17. The company had revenue of $355.80 million during the quarter, compared to the consensus estimate of $357.53 million. Conn’s had a negative return on equity of 0.72% and a negative net margin of 1.18%. Conn’s’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the business posted ($0.31) earnings per share. On average, equities analysts predict that Conn’s will post $0.49 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/08/14/conns-inc-conn-stock-rating-lowered-by-bidaskclub.html.

In other news, Director Douglas H. Martin acquired 10,000 shares of Conn’s stock in a transaction on Wednesday, June 7th. The stock was acquired at an average cost of $17.83 per share, with a total value of $178,300.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Haworth sold 7,392 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $19.34, for a total value of $142,961.28. Following the transaction, the director now directly owns 4,425 shares of the company’s stock, valued at $85,579.50. The disclosure for this sale can be found here. 3.48% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CONN. Wells Fargo & Company MN raised its position in shares of Conn’s by 2.5% in the second quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock valued at $310,000 after buying an additional 400 shares during the period. American International Group Inc. raised its position in shares of Conn’s by 7.1% in the first quarter. American International Group Inc. now owns 12,501 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 830 shares during the period. UBS Group AG raised its position in shares of Conn’s by 1.8% in the first quarter. UBS Group AG now owns 82,122 shares of the specialty retailer’s stock valued at $719,000 after buying an additional 1,431 shares during the period. Geode Capital Management LLC raised its position in shares of Conn’s by 2.5% in the first quarter. Geode Capital Management LLC now owns 191,076 shares of the specialty retailer’s stock valued at $1,671,000 after buying an additional 4,672 shares during the period. Finally, ClariVest Asset Management LLC purchased a new position in shares of Conn’s during the second quarter valued at $114,000. 63.74% of the stock is owned by institutional investors and hedge funds.

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.

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