At Home (HOME) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of At Home (NYSE:HOME) from a buy rating to a hold rating in a research report report published on Saturday.

According to Zacks, “At Home Group Inc. owns and operates home-decorating accessories stores primarily in the United States. It offers furniture, home furnishings, wall decor and decorative accents, rugs and housewares. At Home Group Inc. is headquartered in Plano, Texas. “

A number of other research firms also recently commented on HOME. ValuEngine raised At Home from a buy rating to a strong-buy rating in a report on Friday, May 4th. KeyCorp reissued an overweight rating and issued a $42.00 target price (up previously from $35.00) on shares of At Home in a report on Tuesday, May 8th. Wells Fargo started coverage on At Home in a report on Monday, April 23rd. They issued an outperform rating and a $42.00 target price for the company. Barclays started coverage on At Home in a research note on Thursday, January 25th. They set an overweight rating and a $40.00 price target for the company. Finally, Buckingham Research started coverage on At Home in a research note on Friday, February 16th. They set a buy rating and a $43.00 price target for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. At Home has an average rating of Buy and a consensus target price of $34.23.

Shares of At Home stock opened at $35.69 on Friday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 46.96, a P/E/G ratio of 1.25 and a beta of 1.74. At Home has a 52 week low of $35.65 and a 52 week high of $36.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.09 and a current ratio of 0.88.

At Home (NYSE:HOME) last announced its earnings results on Thursday, March 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.15. At Home had a net margin of 3.35% and a return on equity of 9.25%. The business had revenue of $293.67 million for the quarter, compared to analyst estimates of $286.23 million. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. analysts anticipate that At Home will post 1.19 EPS for the current fiscal year.

In related news, COO Peter Sg Corsa sold 22,600 shares of At Home stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $35.98, for a total transaction of $813,148.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alissa M. Ahlman sold 10,234 shares of At Home stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $30.09, for a total value of $307,941.06. Following the sale, the insider now owns 10,234 shares of the company’s stock, valued at approximately $307,941.06. The disclosure for this sale can be found here. Insiders have sold a total of 7,760,968 shares of company stock valued at $227,300,472 in the last ninety days. Corporate insiders own 7.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in At Home by 182.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,745 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 3,711 shares in the last quarter. American International Group Inc. increased its position in At Home by 103.2% during the 1st quarter. American International Group Inc. now owns 6,969 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 3,539 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in At Home during the 4th quarter worth about $213,000. First Mercantile Trust Co. purchased a new stake in At Home during the 1st quarter worth about $280,000. Finally, Syntal Capital Partners LLC purchased a new stake in At Home during the 4th quarter worth about $273,000. Hedge funds and other institutional investors own 35.05% of the company’s stock.

About At Home

At Home Group Inc operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, artificial flowers and trees, bedding and bath products, candles, garden and outdoor décor, holiday accessories, home organization, pillows, pottery, vases, and window treatments.

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