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.

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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 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.

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

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