Bank of New York Mellon Corp Has $4.38 Million Position in Conn's Inc (CONN)

Bank of New York Mellon Corp lowered its position in shares of Conn's Inc (NASDAQ:CONN) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,496 shares of the specialty retailer’s stock after selling 13,529 shares during the period. Bank of New York Mellon Corp owned approximately 0.50% of Conn's worth $4,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Voya Investment Management LLC bought a new stake in Conn's in the 2nd quarter worth approximately $215,000. Sei Investments Co. bought a new stake in Conn's in the 3rd quarter worth approximately $244,000. GSA Capital Partners LLP bought a new stake in Conn's in the 2nd quarter worth approximately $258,000. Wells Fargo & Company MN grew its position in Conn's by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 16,192 shares of the specialty retailer’s stock worth $310,000 after purchasing an additional 400 shares during the period. Finally, Nationwide Fund Advisors grew its position in Conn's by 78.5% in the 2nd quarter. Nationwide Fund Advisors now owns 20,402 shares of the specialty retailer’s stock worth $390,000 after purchasing an additional 8,974 shares during the period. 71.49% of the stock is owned by institutional investors and hedge funds.

Conn's Inc (NASDAQ CONN) opened at $35.85 on Wednesday. The firm has a market cap of $1,120.00, a price-to-earnings ratio of 358.50, a PEG ratio of 1.75 and a beta of 1.86. Conn's Inc has a one year low of $7.75 and a one year high of $37.80. The company has a debt-to-equity ratio of 1.84, a quick ratio of 3.04 and a current ratio of 3.94.

Conn's (NASDAQ:CONN) last issued its quarterly earnings results on Thursday, December 7th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.14. The business had revenue of $373.20 million for the quarter, compared to analysts’ expectations of $372.40 million. Conn's had a net margin of 0.21% and a return on equity of 2.64%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. equities research analysts forecast that Conn's Inc will post 0.88 earnings per share for the current fiscal year.

In other Conn's news, major shareholder Harriet C. Stephens purchased 42,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were acquired at an average price of $25.40 per share, for a total transaction of $1,066,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Schofman bought 1,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $32.20 per share, for a total transaction of $32,200.00. Following the purchase, the director now owns 20,384 shares in the company, valued at approximately $656,364.80. The disclosure for this purchase can be found here. Insiders have bought a total of 66,000 shares of company stock worth $1,685,500 in the last quarter. Corporate insiders own 3.48% of the company’s stock.

A number of equities research analysts have commented on CONN shares. Oppenheimer reaffirmed a “buy” rating on shares of Conn's in a research report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and issued a $33.00 target price on shares of Conn's in a research report on Thursday, October 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $26.00 target price (up previously from $20.00) on shares of Conn's in a research report on Friday, September 8th. BidaskClub raised shares of Conn's from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, TheStreet raised shares of Conn's from a “d+” rating to a “c” rating in a research report on Thursday, September 7th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Conn's currently has an average rating of “Buy” and an average price target of $37.50.

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Conn's Company Profile

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.

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

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