Shares are trading at $30.75 well above $26.25, the stock’s 50 day moving average and which is significantly above the 200 day moving average of $20.53. The 50 day moving average was up by +17.15% and the 200 day average went up $10.22 or +49.81%. Trading was light with 388K shares changing hands by the end of trading on Tuesday. Trading volume was down 35.09% under the stocks average daily volume.
Investors are a little more bullish on Conn’s, Inc. recently if you consider the change in short interest. The firm realized a fall in short interest between September 29, 2017 and October 13, 2017 of -8.75%. Short shares fell 587,162 over that timeframe. The short-interest ratio increased to 12.0 and the percentage of shorted shares is 0.20% as of October 13.
Here are a few substantial investment firms who have updated their positions. Acadian Asset Management LLC divested its stake by selling 66,668 shares a decrease of 26.7% as of 09/30/2017. Acadian Asset Management LLC currently owns 182,814 shares valued at $5,147,000. The total value of its holdings increased 8.0%. Cutler Group LP downsized its ownership by shedding 2,095 shares a decrease of 65.5% in the quarter. Cutler Group LP claims 1,105 shares with a value of $31,000. The value of the position overall is up by 121.4%.
Nationwide Fund Advisors added to its investment by buying 34,018 shares an increase of 166.7% from 06/30/2017 to 09/30/2017. Nationwide Fund Advisors controls 54,420 shares worth $1,532,000. The value of the position overall is up by 292.8%. As of the end of the quarter Northpointe Capital LLC had acquired a total of 1,766 shares growing its position 0.7%. The value of the investment in CONN went from $5,052,000 to $7,495,000 a change of $2,443,000 since the last quarter.
On September 29, 2017 the stock rating was changed to “Outperform” according to a Oppenheimer report up from the previous “Perform” rating. On October 9 the company was set at “Hold” in a report from Stifel Nicolaus which is down from the previous “Buy” rating.
As of the last earnings report the EPS was $-0.07 and is projected to be $0.71 for the current year with 31,206,000 shares outstanding. Next quarter’s EPS is estimated at $0.47 and the next full year EPS is projected to be $1.89.
Conn’s, Inc. (Conn’s), launched on January 15, 2003, 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. Its product offerings include furniture and mattresses, home appliances, consumer electronics and home office products. Its credit offering provides financing solutions to credit constrained consumers having limited banking options. It operates in approximately nine regional distribution centers located in Houston, San Antonio, Dallas, Beaumont, El Paso and McAllen, Texas; Phoenix, Arizona; Denver, Colorado and Charlotte, North Carolina; over 10 smaller cross-dock facilities, and approximately 20 stores with cross-dock facilities. The Company operates its business through its retail stores and Website..