Conn’s, Inc. (NASDAQ:CONN) Major Shareholder Sells $117,617.76 in Stock

Conn’s, Inc. (NASDAQ:CONN) major shareholder Curtis F. Bradbury, Jr. sold 4,017 shares of the stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $29.28, for a total transaction of $117,617.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CONN opened at $27.59 on Friday. Conn’s, Inc. has a 52-week low of $7.83 and a 52-week high of $31.48. The company has a current ratio of 3.74, a quick ratio of 2.81 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $809.99 million, a P/E ratio of 8.31 and a beta of 2.61. The firm’s 50-day moving average is $22.10.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings results on Monday, June 7th. The specialty retailer reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $1.25. Conn’s had a net margin of 6.87% and a return on equity of 18.58%. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $324.56 million. During the same quarter in the prior year, the company earned ($1.89) EPS. Conn’s’s quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts expect that Conn’s, Inc. will post 2.02 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Vantage Consulting Group Inc acquired a new position in Conn’s in the 4th quarter worth approximately $28,000. FORA Capital LLC acquired a new position in Conn’s in the 1st quarter worth approximately $47,000. Captrust Financial Advisors increased its holdings in Conn’s by 9,410.0% in the 1st quarter. Captrust Financial Advisors now owns 2,853 shares of the specialty retailer’s stock worth $55,000 after buying an additional 2,823 shares during the period. Quantbot Technologies LP acquired a new position in Conn’s in the 1st quarter worth approximately $151,000. Finally, Renaissance Technologies LLC acquired a new position in Conn’s in the 1st quarter worth approximately $201,000. Institutional investors own 51.80% of the company’s stock.

Several analysts have commented on CONN shares. Zacks Investment Research raised shares of Conn’s from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research report on Tuesday. TheStreet upgraded shares of Conn’s from a “c-” rating to a “b-” rating in a report on Thursday, June 3rd.

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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Insider Buying and Selling by Quarter for Conn`s (NASDAQ:CONN)

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