Conn’s, Inc. (NASDAQ:CONN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 target price (up from $19.00) on shares of Conn’s in a research report on Wednesday, June 7th. Zacks Investment Research upgraded shares of Conn’s from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Conn’s in a research report on Tuesday, June 20th. ValuEngine upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stephens reiterated an “overweight” rating and set a $28.00 target price (up from $25.00) on shares of Conn’s in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Conn’s has an average rating of “Hold” and an average price target of $22.50.

Shares of Conn’s (NASDAQ:CONN) traded down 0.27% during trading on Friday, reaching $18.35. 527,754 shares of the company traded hands. Conn’s has a 12-month low of $6.55 and a 12-month high of $23.75. The firm’s 50-day moving average is $20.57 and its 200-day moving average is $15.12. The stock’s market capitalization is $569.09 million.

Conn’s (NASDAQ:CONN) last announced its earnings results on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.17. Conn’s had a negative net margin of 1.18% and a negative return on equity of 0.72%. The business had revenue of $355.80 million during the quarter, compared to analyst estimates of $357.53 million. During the same period in the previous year, the business posted ($0.31) earnings per share. Conn’s’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities analysts predict that Conn’s will post $0.49 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/19/bidaskclub-downgrades-conns-inc-conn-to-hold.html.

In other news, Director James H. Haworth sold 7,392 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $19.34, for a total value of $142,961.28. Following the completion of the sale, the director now directly owns 4,425 shares in the company, valued at approximately $85,579.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder W. R. Jr. Stephens acquired 12,000 shares of the stock in a transaction dated Friday, July 14th. The stock was acquired at an average price of $18.85 per share, with a total value of $226,200.00. The disclosure for this purchase can be found here. Insiders own 3.48% of the company’s stock.

Large investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Conn’s by 45.9% in the second quarter. State Street Corp now owns 566,793 shares of the specialty retailer’s stock worth $10,828,000 after buying an additional 178,277 shares during the last quarter. Royce & Associates LP raised its stake in shares of Conn’s by 3.4% in the second quarter. Royce & Associates LP now owns 429,411 shares of the specialty retailer’s stock worth $8,202,000 after buying an additional 14,075 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Conn’s by 77.5% in the first quarter. Point72 Asset Management L.P. now owns 400,000 shares of the specialty retailer’s stock worth $3,500,000 after buying an additional 174,600 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Conn’s by 85.5% in the first quarter. Stephens Inc. AR now owns 376,350 shares of the specialty retailer’s stock worth $3,293,000 after buying an additional 173,416 shares during the last quarter. Finally, Luzich Partners LLC raised its stake in shares of Conn’s by 3.8% in the second quarter. Luzich Partners LLC now owns 305,822 shares of the specialty retailer’s stock worth $5,841,000 after buying an additional 11,210 shares during the last quarter. Hedge funds and other institutional investors own 63.74% of the company’s stock.

About Conn’s

Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.

Receive News & Ratings for Conn's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.