UBS Group AG raised its holdings in shares of Conn’s Inc (NASDAQ:CONN) by 42.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,258 shares of the specialty retailer’s stock after purchasing an additional 2,471 shares during the period. UBS Group AG’s holdings in Conn’s were worth $83,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its position in shares of Conn’s by 52.3% during the first quarter. State Street Corp now owns 1,175,813 shares of the specialty retailer’s stock worth $4,915,000 after acquiring an additional 403,966 shares during the last quarter. Morgan Stanley grew its position in Conn’s by 88.8% in the 1st quarter. Morgan Stanley now owns 938,087 shares of the specialty retailer’s stock valued at $3,922,000 after buying an additional 441,120 shares in the last quarter. Bank of New York Mellon Corp grew its position in Conn’s by 39.1% in the 1st quarter. Bank of New York Mellon Corp now owns 619,339 shares of the specialty retailer’s stock valued at $2,589,000 after buying an additional 174,123 shares in the last quarter. Invesco Ltd. grew its position in Conn’s by 21.3% in the 1st quarter. Invesco Ltd. now owns 389,920 shares of the specialty retailer’s stock valued at $1,630,000 after buying an additional 68,399 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Conn’s by 4.9% in the 1st quarter. Geode Capital Management LLC now owns 278,021 shares of the specialty retailer’s stock valued at $1,162,000 after buying an additional 12,881 shares in the last quarter. Hedge funds and other institutional investors own 59.45% of the company’s stock.

Shares of NASDAQ CONN opened at $9.47 on Thursday. Conn’s Inc has a twelve month low of $2.83 and a twelve month high of $26.65. The company has a current ratio of 4.36, a quick ratio of 3.43 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $275.91 million, a price-to-earnings ratio of -16.61 and a beta of 2.38. The firm has a 50-day moving average of $11.38 and a two-hundred day moving average of $8.08.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Thursday, September 3rd. The specialty retailer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.79. Conn’s had a negative net margin of 1.05% and a negative return on equity of 1.56%. The company had revenue of $366.90 million during the quarter, compared to analyst estimates of $377.69 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, research analysts predict that Conn’s Inc will post -1.44 earnings per share for the current year.

CONN has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Conn’s in a research report on Wednesday, June 17th. They issued a “hold” rating for the company. ValuEngine upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Monday, June 8th. Stifel Nicolaus increased their target price on shares of Conn’s from $4.50 to $9.00 and gave the company a “hold” rating in a research report on Thursday, June 11th. Jefferies Financial Group upped their price target on shares of Conn’s from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, BidaskClub downgraded shares of Conn’s from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.08.

Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.

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

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