BidaskClub cut shares of Conn’s (NASDAQ:CONN) from a hold rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

A number of other analysts have also commented on the company. TheStreet raised Social Reality from a d+ rating to a c- rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price target for the company in a report on Monday. Finally, ValuEngine downgraded Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $36.00.

NASDAQ CONN opened at $17.72 on Tuesday. The firm’s 50-day simple moving average is $18.27. Conn’s has a 52 week low of $15.40 and a 52 week high of $42.65. The stock has a market capitalization of $566.61 million, a P/E ratio of 7.06, a PEG ratio of 0.28 and a beta of 2.25. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.28 and a current ratio of 5.41.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings data on Friday, May 31st. The specialty retailer reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $353.50 million for the quarter, compared to analysts’ expectations of $366.66 million. Conn’s had a net margin of 5.22% and a return on equity of 14.38%. Conn’s’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, equities research analysts expect that Conn’s will post 2.74 EPS for the current fiscal year.

In other Conn’s news, Chairman Norman Miller purchased 11,765 shares of the stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of $17.03 per share, for a total transaction of $200,357.95. Following the completion of the transaction, the chairman now owns 388,761 shares of the company’s stock, valued at approximately $6,620,599.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Lee A. Wright purchased 5,882 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of $17.03 per share, for a total transaction of $100,170.46. Following the transaction, the chief operating officer now directly owns 203,189 shares of the company’s stock, valued at approximately $3,460,308.67. The disclosure for this purchase can be found here. Insiders have purchased a total of 27,647 shares of company stock worth $480,228 over the last ninety days. 3.68% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of CONN. Crossmark Global Holdings Inc. increased its holdings in Conn’s by 5.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $202,000 after purchasing an additional 617 shares in the last quarter. WINTON GROUP Ltd bought a new position in Conn’s in the second quarter worth about $795,000. Nordea Investment Management AB lifted its holdings in Conn’s by 4.5% in the first quarter. Nordea Investment Management AB now owns 141,376 shares of the specialty retailer’s stock worth $3,232,000 after acquiring an additional 6,139 shares during the last quarter. Marshall Wace North America L.P. increased its stake in shares of Conn’s by 229.7% in the first quarter. Marshall Wace North America L.P. now owns 186,050 shares of the specialty retailer’s stock valued at $4,252,000 after purchasing an additional 129,617 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Conn’s by 2.5% in the first quarter. Marshall Wace LLP now owns 775,383 shares of the specialty retailer’s stock valued at $17,726,000 after purchasing an additional 18,788 shares during the period. 75.17% of the stock is owned by hedge funds and other institutional investors.

About Conn’s

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 traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.

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