Conn’s (NASDAQ:CONN) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Conn’s (NASDAQ:CONN) from a sell rating to a hold rating in a research report sent to investors on Friday.

Conn’s Stock Up 0.5 %

NASDAQ:CONN opened at $4.05 on Friday. The company’s 50-day simple moving average is $3.86 and its 200-day simple moving average is $3.77. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.41 and a current ratio of 2.58. Conn’s has a fifty-two week low of $2.55 and a fifty-two week high of $5.39. The stock has a market capitalization of $99.43 million, a P/E ratio of -1.26 and a beta of 2.42.

Hedge Funds Weigh In On Conn’s

Several hedge funds have recently modified their holdings of CONN. Point72 Middle East FZE purchased a new position in Conn’s in the 4th quarter worth $27,000. Quarry LP acquired a new stake in shares of Conn’s during the first quarter worth about $36,000. XTX Topco Ltd purchased a new stake in Conn’s in the second quarter valued at approximately $47,000. Hsbc Holdings PLC purchased a new position in Conn’s during the 3rd quarter worth approximately $48,000. Finally, UBS Group AG lifted its stake in 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 period. Institutional investors and hedge funds own 55.00% of the company’s stock.

Conn’s Company Profile

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 home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.