Conn’s, Inc. (CONN) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC lifted its stake in Conn’s, Inc. (NASDAQ:CONN) by 75.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,815 shares of the specialty retailer’s stock after purchasing an additional 16,265 shares during the quarter. Teachers Advisors LLC owned about 0.12% of Conn’s worth $722,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CONN. Northpointe Capital LLC purchased a new position in shares of Conn’s in the 2nd quarter valued at approximately $5,052,000. Acadian Asset Management LLC purchased a new position in shares of Conn’s in the 2nd quarter valued at approximately $4,766,000. Russell Investments Group Ltd. purchased a new position in shares of Conn’s in the 2nd quarter valued at approximately $2,202,000. Engineers Gate Manager LP purchased a new position in shares of Conn’s in the 2nd quarter valued at approximately $872,000. Finally, California Public Employees Retirement System raised its position in shares of Conn’s by 27.9% in the 1st quarter. California Public Employees Retirement System now owns 188,300 shares of the specialty retailer’s stock valued at $1,648,000 after purchasing an additional 41,100 shares during the last quarter. 70.87% of the stock is owned by hedge funds and other institutional investors.
Conn’s, Inc. (NASDAQ CONN) opened at $29.95 on Wednesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 4.70 and a current ratio of 5.80. The firm has a market cap of $958.05, a P/E ratio of 170.56, a PEG ratio of 2.77 and a beta of 1.87. Conn’s, Inc. has a 1-year low of $7.75 and a 1-year high of $32.90.
Conn’s (NASDAQ:CONN) last posted its earnings results on Thursday, September 7th. The specialty retailer reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.28. The firm had revenue of $366.65 million during the quarter, compared to analyst estimates of $371.97 million. Conn’s had a negative net margin of 0.14% and a positive return on equity of 1.08%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. sell-side analysts anticipate that Conn’s, Inc. will post 0.6 earnings per share for the current year.
Several brokerages recently commented on CONN. Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Conn’s in a research report on Tuesday, October 24th. BidaskClub lowered shares of Conn’s from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. UBS AG raised shares of Conn’s from a “market perform” rating to an “outperform” rating in a research report on Friday, September 29th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $26.00 price target (up from $20.00) on shares of Conn’s in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.33.
ILLEGAL ACTIVITY NOTICE: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/08/conns-inc-conn-shares-bought-by-teachers-advisors-llc.html.
In other news, major shareholder Harriet C. Stephens bought 23,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was purchased at an average cost of $25.50 per share, with a total value of $586,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Harriet C. Stephens bought 42,000 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were purchased at an average cost of $25.40 per share, with a total value of $1,066,800.00. The disclosure for this purchase can be found here. 3.48% of the stock is owned by insiders.
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.