Conn’s Inc (CONN) VP Todd Renaud Sells 2,500 Shares

Conn’s Inc (NASDAQ:CONN) VP Todd Renaud sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $25.01, for a total value of $62,525.00. Following the completion of the sale, the vice president now directly owns 38,538 shares of the company’s stock, valued at $963,835.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CONN traded up $0.33 during mid-day trading on Monday, reaching $24.93. The company’s stock had a trading volume of 287,500 shares, compared to its average volume of 653,064. Conn’s Inc has a 1-year low of $17.00 and a 1-year high of $42.65. The stock has a market cap of $786.16 million, a price-to-earnings ratio of 9.93, a PEG ratio of 0.39 and a beta of 2.20. The company has a quick ratio of 3.34, a current ratio of 4.27 and a debt-to-equity ratio of 1.45.

Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Tuesday, March 26th. The specialty retailer reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.20. Conn’s had a return on equity of 13.97% and a net margin of 4.76%. The company had revenue of $432.98 million during the quarter, compared to analysts’ expectations of $437.95 million. During the same period last year, the firm posted $0.56 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. As a group, analysts expect that Conn’s Inc will post 2.81 earnings per share for the current year.



A number of analysts have recently issued reports on the company. ValuEngine cut Conn’s from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 30th. Stifel Nicolaus cut their price objective on Conn’s from $40.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, January 22nd. Zacks Investment Research raised Conn’s from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, BidaskClub raised Conn’s from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.50.

Large investors have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC lifted its holdings in Conn’s by 54.3% during the 4th quarter. Portolan Capital Management LLC now owns 415,303 shares of the specialty retailer’s stock worth $7,833,000 after purchasing an additional 146,097 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Conn’s by 234.2% during the 3rd quarter. Wells Fargo & Company MN now owns 43,895 shares of the specialty retailer’s stock worth $1,552,000 after purchasing an additional 30,761 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in Conn’s by 1,095.9% during the 3rd quarter. Federated Investors Inc. PA now owns 24,539 shares of the specialty retailer’s stock worth $867,000 after purchasing an additional 22,487 shares during the last quarter. Northpointe Capital LLC acquired a new stake in Conn’s during the 4th quarter worth approximately $880,000. Finally, Eqis Capital Management Inc. lifted its holdings in Conn’s by 42.1% during the 4th quarter. Eqis Capital Management Inc. now owns 11,959 shares of the specialty retailer’s stock worth $226,000 after purchasing an additional 3,545 shares during the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.

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Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

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