Conn’s Target of Unusually Large Options Trading (NASDAQ:CONN)

Conn’s, Inc. (NASDAQ:CONN) was the recipient of unusually large options trading on Tuesday. Traders acquired 7,076 put options on the stock. This represents an increase of approximately 1,304% compared to the average volume of 504 put options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Friday, April 12th.

Conn’s Stock Performance

Shares of NASDAQ:CONN opened at $0.66 on Thursday. Conn’s has a 12-month low of $0.52 and a 12-month high of $5.26. The company’s 50 day moving average price is $2.93 and its two-hundred day moving average price is $3.70. The firm has a market cap of $16.34 million, a PE ratio of -0.20 and a beta of 2.23. The company has a quick ratio of 1.87, a current ratio of 2.58 and a debt-to-equity ratio of 1.93.

Conn’s (NASDAQ:CONN) last issued its quarterly earnings results on Thursday, April 11th. The specialty retailer reported ($1.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.57) by $0.32. The business had revenue of $366.08 million during the quarter, compared to analysts’ expectations of $422.40 million. Conn’s had a negative return on equity of 34.68% and a negative net margin of 6.21%. Equities research analysts predict that Conn’s will post -1.15 earnings per share for the current year.

Institutional Trading of Conn’s

A number of institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Conn’s during the 4th quarter worth $256,000. Quadrature Capital Ltd bought a new stake in Conn’s during the first quarter worth about $144,000. AM Investment Strategies LLC grew its stake in Conn’s by 20.0% during the fourth quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock worth $533,000 after buying an additional 20,000 shares in the last quarter. Corsair Capital Management L.P. bought a new position in Conn’s in the 4th quarter valued at about $82,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Conn’s in the 1st quarter valued at approximately $43,000. 55.00% of the stock is currently owned by 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 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.