StockNews.com initiated coverage on shares of Conn’s (NASDAQ:CONN – Free Report) in a research note published on Tuesday morning. The brokerage issued a hold rating on the specialty retailer’s stock.
Conn’s Price Performance
The stock has a market capitalization of $373,000.00, a P/E ratio of 0.00 and a beta of 2.22. Conn’s has a one year low of $0.10 and a one year high of $5.19. The business has a 50 day moving average of $0.20 and a 200-day moving average of $2.07. The company has a quick ratio of 1.87, a current ratio of 2.58 and a debt-to-equity ratio of 1.93.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CONN. Legacy Capital Wealth Partners LLC acquired a new position in shares of Conn’s during the 2nd quarter worth approximately $149,000. Quadrature Capital Ltd acquired a new position in Conn’s during the first quarter worth $144,000. Corsair Capital Management L.P. purchased a new position in Conn’s during the fourth quarter valued at $82,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Conn’s in the first quarter valued at about $43,000. Finally, Equitec Proprietary Markets LLC increased its stake in shares of Conn’s by 180.9% during the first quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 8,142 shares in the last quarter. Hedge funds and other institutional investors 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 in 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.
Featured Articles
- Five stocks we like better than Conn’s
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- The Most Important Warren Buffett Stock for Investors: His Own
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Conn's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's and related companies with MarketBeat.com's FREE daily email newsletter.
