CONN’S, Inc. (CONN): A Soaring Stock and Two Other Specialty Retailers Billionaires Love

The funds betting on Best Buy Co Inc (NYSE:BBY) have profited from its rising share price, as the stock has gained approximately 55% over the past 52 weeks. In fact, the company not only reached its 52-week high of $40.60 per share today, but also offers shareholders an attractive 2.28% annual dividend yield. Furthermore, the company reported $1.48 earnings per share last quarter, beating analysts’ consensus earnings estimate of $1.35 per share.

Vipshop Holdings Ltd – ADR (NYSE:VIPS) was also quite popular among billionaire hedge funds, with a total of seven major institutional investors holding $829 worth of stock as of last quarter. Among the funds betting on this stock is Chase Coleman’s Tiger Global Management LLC, which owns 17.25 million shares, valued at $337.06 million, and representing almost 4% of its equity portfolio. Stephen Mandel’s Lone Pine Capital is also bullish regarding Vipshop Holdings Ltd – ADR (NYSE:VIPS), as it initiated a position with 13.94 million shares last quarter, which had a market value of $272.30 million. The company has been demonstrating a very solid performance and has seen its share price soar 132.07% in 2014. Year-to-date the stock has already gained more than 31%, reaching a 52-week high of $26.20 per share. Last quarter, the stock beat the consensus earnings estimate of $0.09 per share by 33.3%, reporting an EPS of $0.12 per share.

Disclosure: none.