Alpine Woods Capital Investors LLC Buys Shares of 7,000 Conn’s Inc (CONN)

Alpine Woods Capital Investors LLC bought a new position in Conn’s Inc (NASDAQ:CONN) during the 3rd quarter, HoldingsChannel reports. The fund bought 7,000 shares of the specialty retailer’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Conn’s by 24,061.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,141 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 3,128 shares during the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of Conn’s by 1,900.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 3,800 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Conn’s in the 3rd quarter worth about $187,000. WINTON GROUP Ltd bought a new stake in shares of Conn’s in the 3rd quarter worth about $216,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Conn’s in the 3rd quarter worth about $220,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

In other Conn’s news, Director David Schofman sold 2,000 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $36.50, for a total transaction of $73,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.34% of the stock is owned by corporate insiders.

Shares of NASDAQ:CONN opened at $28.81 on Friday. Conn’s Inc has a 12 month low of $22.10 and a 12 month high of $42.65. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.86 and a current ratio of 4.83. The stock has a market cap of $908.10 million, a price-to-earnings ratio of 30.33, a P/E/G ratio of 0.51 and a beta of 1.85.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings data on Tuesday, September 4th. The specialty retailer reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.16. Conn’s had a net margin of 2.25% and a return on equity of 10.05%. The firm had revenue of $384.60 million for the quarter, compared to analyst estimates of $383.96 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Analysts expect that Conn’s Inc will post 2.45 earnings per share for the current fiscal year.

Several research firms have recently weighed in on CONN. BidaskClub lowered shares of Conn’s from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Compass Point reaffirmed a “hold” rating and issued a $38.50 target price on shares of Conn’s in a report on Friday, August 17th. ValuEngine lowered shares of Conn’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of Conn’s from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Jefferies Financial Group began coverage on shares of Conn’s in a report on Thursday, August 16th. They issued a “buy” rating and a $44.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Conn’s has an average rating of “Buy” and an average price target of $42.50.

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Conn’s Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. The company operates through two segments, Retail and Credit. Its stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; consumer electronics comprising televisions, Blu-ray players, home theaters, and portable audio equipment; and home office products consisting of computers, printers, and accessories.

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Want to see what other hedge funds are holding CONN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conn’s Inc (NASDAQ:CONN).

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

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