Insider Selling: Conn’s Inc (NASDAQ:CONN) Insider Sells 8,700 Shares of Stock

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Conn’s Inc (NASDAQ:CONN) insider Brian Daly sold 8,700 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $27.00, for a total transaction of $234,900.00. Following the sale, the insider now owns 47,482 shares in the company, valued at $1,282,014. The sale was disclosed in a filing with the SEC, which is available at this link.

Conn’s stock opened at $24.67 on Friday. The firm’s 50 day simple moving average is $21.46 and its 200 day simple moving average is $21.55. The company has a current ratio of 5.01, a quick ratio of 3.97 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $747.73 million, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.41 and a beta of 2.19. Conn’s Inc has a 1-year low of $15.40 and a 1-year high of $37.70.

Conn’s (NASDAQ:CONN) last posted its earnings results on Tuesday, September 3rd. The specialty retailer reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.11. The business had revenue of $401.10 million for the quarter, compared to analyst estimates of $398.10 million. Conn’s had a net margin of 5.35% and a return on equity of 14.27%. Conn’s’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Research analysts forecast that Conn’s Inc will post 2.73 earnings per share for the current year.

A number of analysts recently commented on CONN shares. BidaskClub upgraded shares of Conn’s from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Stifel Nicolaus restated a “buy” rating and set a $31.00 price target (up from $28.00) on shares of Conn’s in a research note on Tuesday, September 3rd. Finally, KeyCorp set a $41.00 price target on shares of Conn’s and gave the company a “buy” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Conn’s has a consensus rating of “Buy” and a consensus target price of $33.50.

A number of institutional investors have recently bought and sold shares of CONN. Dimensional Fund Advisors LP increased its holdings in Conn’s by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,875,092 shares of the specialty retailer’s stock worth $35,365,000 after acquiring an additional 411,845 shares during the period. SG Capital Management LLC bought a new stake in Conn’s during the 2nd quarter worth approximately $6,771,000. Morgan Stanley increased its holdings in Conn’s by 21.6% during the 2nd quarter. Morgan Stanley now owns 1,048,751 shares of the specialty retailer’s stock worth $18,688,000 after acquiring an additional 186,498 shares during the period. Vanguard Group Inc. increased its holdings in Conn’s by 9.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,094,359 shares of the specialty retailer’s stock worth $37,321,000 after acquiring an additional 183,478 shares during the period. Finally, Marshall Wace North America L.P. increased its holdings in Conn’s by 229.7% during the 1st quarter. Marshall Wace North America L.P. now owns 186,050 shares of the specialty retailer’s stock worth $4,252,000 after acquiring an additional 129,617 shares during the period. 78.55% of the stock is currently owned by institutional investors and hedge funds.

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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