CONN'S Director Scott L. Thompson Acquires 16,100 Shares (CONN)
CONN'S (NASDAQ:CONN) Director Scott L. Thompson purchased 16,100 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $30.89 per share, for a total transaction of $497,329.00. Following the acquisition, the director now directly owns 28,941 shares of the company’s stock, valued at approximately $893,987. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of CONN'S (NASDAQ:CONN) traded down 1.90% during mid-day trading on Wednesday, hitting $30.41. 5,861,266 shares of the company’s stock traded hands. CONN'S has a one year low of $30.85 and a one year high of $80.34. The stock has a 50-day moving average of $42.04 and a 200-day moving average of $42.09. The company has a market cap of $1.099 billion and a P/E ratio of 11.49.
CONN'S (NASDAQ:CONN) last announced its earnings results on Tuesday, September 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.25. The company had revenue of $353.00 million for the quarter. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, analysts predict that CONN'S will post $3.38 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CONN shares. Analysts at B. Riley cut their price target on shares of CONN'S from $82.00 to $62.00 in a research note on Wednesday. Separately, analysts at Canaccord Genuity cut their price target on shares of CONN'S from $71.00 to $40.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of CONN'S from a “buy” rating to a “hold” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.40.
Conn’s, Inc is a holding company. The Company is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers’ purchases of the products that it offer.
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