The VP – CIO of Conn’s (NASDAQ: CONN) is Selling Shares

By Carrie Williams

Today, the VP – CIO of Conn’s (NASDAQ: CONN), Todd Renaud, sold shares of CONN for $36.75K.

Following Todd Renaud’s last CONN Sell transaction on June 20, 2017, the stock climbed by 18.4%. In addition to Todd Renaud, 2 other CONN executives reported Sell trades in the last month.

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Based on Conn’s’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $358 million and quarterly net profit of $12.73 million. In comparison, last year the company earned revenue of $356 million and had a GAAP net loss of $2.58 million. CONN’s market cap is $1.14B and the company has a P/E ratio of 53.16. Currently, Conn’s has an average volume of 258.8K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $41.33, reflecting a -12.4% downside.

In the last 30 days, insiders have sold $36.75K worth of CONN shares and purchased $338.6K worth of CONN shares. The insider sentiment on Conn’s has been positive according to 47 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Conn’s, Inc. is holding company, which engages in the retail and provision of consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. It operates through the Retail and Credit segments.