Conn’s (NASDAQ:CONN) Stock Rating Upgraded by StockNews.com

Conn’s (NASDAQ:CONN – Get Rating) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Conn’s Trading Up 4.4 %

NASDAQ CONN opened at $4.48 on Friday. Conn’s has a 12 month low of $3.90 and a 12 month high of $14.27. The firm has a market capitalization of $108.15 million, a P/E ratio of -1.80 and a beta of 2.53. The business has a fifty day simple moving average of $5.34 and a 200 day simple moving average of $7.50. The company has a current ratio of 3.74, a quick ratio of 2.65 and a debt-to-equity ratio of 1.27.

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Conn’s (NASDAQ:CONN – Get Rating) last announced its earnings results on Wednesday, March 29th. The specialty retailer reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.76) by ($0.77). Conn’s had a negative net margin of 4.42% and a negative return on equity of 8.92%. The business had revenue of $334.90 million for the quarter, compared to analysts’ expectations of $331.22 million. During the same period in the prior year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, analysts predict that Conn’s will post -3.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CONN. Point72 Middle East FZE bought a new stake in shares of Conn’s during the 4th quarter valued at about $27,000. Captrust Financial Advisors boosted its position in shares of Conn’s by 53.5% during the 1st quarter. Captrust Financial Advisors now owns 4,856 shares of the specialty retailer’s stock valued at $75,000 after acquiring an additional 1,693 shares during the last quarter. Quarry LP bought a new stake in shares of Conn’s during the 1st quarter valued at about $36,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Conn’s during the 3rd quarter valued at about $56,000. Finally, UBS Group AG boosted its position in shares of Conn’s by 61.9% during the 4th quarter. UBS Group AG now owns 7,957 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 3,042 shares during the last quarter. Institutional investors own 72.77% of the company’s stock.

About Conn’s

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Conn’s, Inc is a holding company, which engages in the retail and provision of home goods and related services. Its products include furniture, appliances, and consumer electronics. It operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market, and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories.

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