Conn’s, Inc. (NASDAQ:CONN)’s share price traded down 7.1% during trading on Wednesday following insider selling activity. The company traded as low as $21.43 and last traded at $21.59. 16,323 shares traded hands during trading, a decline of 96% from the average session volume of 372,704 shares. The stock had previously closed at $23.25.

Specifically, Director Douglas H. Martin sold 2,841 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $22.38, for a total value of $63,581.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Curtis F. Bradbury, Jr. sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $20.82, for a total value of $416,400.00. The disclosure for this sale can be found here. 5.14% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on CONN shares. TheStreet raised shares of Conn’s from a “d” rating to a “c-” rating in a report on Monday, January 11th. Zacks Investment Research upgraded shares of Conn’s from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Tuesday. Finally, Oppenheimer reissued a “hold” rating on shares of Conn’s in a report on Wednesday, December 9th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $18.20.

The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.47 and a current ratio of 4.47. The company has a market capitalization of $617.96 million, a P/E ratio of -25.40 and a beta of 2.59. The business’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $13.14.

Conn’s (NASDAQ:CONN) last issued its earnings results on Tuesday, March 30th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.67. The firm had revenue of $367.80 million for the quarter, compared to analysts’ expectations of $373.10 million. Conn’s had a negative return on equity of 3.61% and a negative net margin of 1.62%. The business’s revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, analysts forecast that Conn’s, Inc. will post -0.65 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board raised its stake in Conn’s by 65.1% during the third quarter. Public Sector Pension Investment Board now owns 70,433 shares of the specialty retailer’s stock valued at $745,000 after purchasing an additional 27,769 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Conn’s by 17.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 23,050 shares of the specialty retailer’s stock valued at $269,000 after acquiring an additional 3,440 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Conn’s by 60.7% in the 4th quarter. SG Americas Securities LLC now owns 24,395 shares of the specialty retailer’s stock valued at $285,000 after acquiring an additional 9,216 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Conn’s by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 363,358 shares of the specialty retailer’s stock worth $3,845,000 after acquiring an additional 4,004 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in Conn’s during the third quarter worth approximately $151,000. Hedge funds and other institutional investors own 53.42% of the company’s stock.

About Conn’s (NASDAQ:CONN)

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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