Conn’s, Inc. (NASDAQ:CONN) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund decreased its holdings in shares of Conn’s, Inc. (NASDAQ:CONNGet Rating) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,375 shares of the specialty retailer’s stock after selling 2,227 shares during the quarter. Texas Permanent School Fund’s holdings in Conn’s were worth $91,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CONN. Stephens Inc. AR boosted its holdings in shares of Conn’s by 85.7% during the first quarter. Stephens Inc. AR now owns 115,060 shares of the specialty retailer’s stock worth $1,773,000 after purchasing an additional 53,112 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Conn’s by 239.0% in the 1st quarter. New York State Common Retirement Fund now owns 43,918 shares of the specialty retailer’s stock worth $677,000 after buying an additional 30,962 shares during the period. Timelo Investment Management Inc. raised its position in shares of Conn’s by 68.2% in the 1st quarter. Timelo Investment Management Inc. now owns 147,925 shares of the specialty retailer’s stock worth $2,280,000 after buying an additional 60,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of Conn’s by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 232,619 shares of the specialty retailer’s stock worth $3,584,000 after buying an additional 3,498 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Conn’s by 121.8% in the 1st quarter. First Eagle Investment Management LLC now owns 150,979 shares of the specialty retailer’s stock worth $2,327,000 after buying an additional 82,900 shares during the period. Institutional investors and hedge funds own 81.04% of the company’s stock.

Conn’s Trading Up 7.7 %

Shares of CONN opened at $9.35 on Wednesday. The company has a current ratio of 3.48, a quick ratio of 2.39 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $223.49 million, a P/E ratio of 7.79 and a beta of 2.33. The stock’s fifty day simple moving average is $8.07 and its 200 day simple moving average is $9.59. Conn’s, Inc. has a twelve month low of $6.22 and a twelve month high of $25.93.

Conn’s (NASDAQ:CONNGet Rating) last released its quarterly earnings data on Tuesday, August 30th. The specialty retailer reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). Conn’s had a net margin of 2.29% and a return on equity of 5.86%. The company had revenue of $346.63 million during the quarter, compared to analysts’ expectations of $377.00 million. On average, equities research analysts forecast that Conn’s, Inc. will post -0.56 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Conn’s in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Conn’s Profile

(Get Rating)

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 flat and other mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.

Further Reading

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Institutional Ownership by Quarter for Conn's (NASDAQ:CONN)

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