Conn’s (NASDAQ:CONN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Conn’s (NASDAQ:CONN – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the specialty retailer’s stock.

A number of other research firms have also recently commented on CONN. Stephens lowered their price objective on shares of Conn’s from $13.00 to $9.00 and set an equal weight rating for the company in a research report on Wednesday, December 7th. TheStreet cut shares of Conn’s from a c- rating to a d rating in a research report on Tuesday, December 6th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $16.50.

Conn’s Stock Performance

Shares of Conn’s stock traded down $0.60 on Thursday, hitting $6.40. 429,625 shares of the company’s stock traded hands, compared to its average volume of 158,508. The firm’s 50-day moving average price is $9.06 and its two-hundred day moving average price is $8.41. Conn’s has a one year low of $5.69 and a one year high of $21.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.28 and a current ratio of 3.33.

Insider Activity at Conn’s

In related news, Director Douglas H. Martin bought 4,000 shares of Conn’s stock in a transaction that occurred on Tuesday, December 27th. The stock was purchased at an average cost of $6.35 per share, with a total value of $25,400.00. Following the purchase, the director now owns 64,042 shares in the company, valued at $406,666.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Conn’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CONN. AQR Capital Management LLC boosted its stake in Conn’s by 312.3% in the 4th quarter. AQR Capital Management LLC now owns 358,501 shares of the specialty retailer’s stock worth $2,466,000 after purchasing an additional 271,555 shares during the period. Millennium Management LLC boosted its stake in Conn’s by 524.4% in the 4th quarter. Millennium Management LLC now owns 298,096 shares of the specialty retailer’s stock worth $2,051,000 after purchasing an additional 250,358 shares during the period. Gabelli Funds LLC boosted its stake in shares of Conn’s by 100.0% during the 1st quarter. Gabelli Funds LLC now owns 400,000 shares of the specialty retailer’s stock worth $6,164,000 after buying an additional 200,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Conn’s by 86.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 314,511 shares of the specialty retailer’s stock worth $4,847,000 after buying an additional 146,194 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Conn’s during the 4th quarter worth about $895,000. 72.77% of the stock is owned by institutional investors and hedge funds.

Conn’s Company Profile

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Conn’s, Inc is a holding company, which engages in the retail and provision of consumer goods and related services. The firm also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. 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.