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

Conn’s (NASDAQ:CONN – Get Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Conn’s Stock Performance

NASDAQ:CONN opened at $4.19 on Friday. The stock has a market cap of $101.15 million, a P/E ratio of -1.68 and a beta of 2.53. The company has a quick ratio of 2.65, a current ratio of 3.74 and a debt-to-equity ratio of 1.27. The business’s 50-day moving average price is $5.03 and its two-hundred day moving average price is $7.34. Conn’s has a twelve month low of $3.90 and a twelve month high of $14.27.

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

Hedge Funds Weigh In On Conn’s

Institutional investors have recently modified their holdings of the company. Point72 Middle East FZE bought a new position in Conn’s during the fourth quarter valued at approximately $27,000. Quarry LP purchased a new position in Conn’s in the 1st quarter worth $36,000. Captrust Financial Advisors lifted its stake in Conn’s by 42.0% in the second quarter. Captrust Financial Advisors now owns 6,896 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 2,040 shares during the last quarter. UBS Group AG boosted its position in Conn’s by 61.9% during the fourth quarter. UBS Group AG now owns 7,957 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 3,042 shares during the period. Finally, BNP Paribas Arbitrage SNC grew its stake in shares of Conn’s by 127.7% during the first quarter. BNP Paribas Arbitrage SNC now owns 9,269 shares of the specialty retailer’s stock valued at $56,000 after buying an additional 5,199 shares during the last quarter. 72.77% of the stock is currently owned by institutional investors.

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.