Morgan Stanley upgraded shares of At Home Group (NYSE:HOME) from an equal weight rating to an overweight rating in a research note published on Tuesday morning, Marketbeat reports. Morgan Stanley currently has $47.00 target price on the financial services provider’s stock, up from their prior target price of $35.00.
A number of other brokerages have also recently commented on HOME. ValuEngine cut At Home Group from a strong-buy rating to a buy rating in a report on Thursday, June 21st. KeyCorp restated an overweight rating and set a $42.00 target price (up from $35.00) on shares of At Home Group in a report on Tuesday, May 8th. Zacks Investment Research upgraded At Home Group from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Wednesday, June 13th. Bank of America raised their target price on At Home Group from $37.00 to $43.00 and gave the company a buy rating in a report on Friday, June 8th. Finally, Wells Fargo & Co started coverage on At Home Group in a report on Monday, April 23rd. They set an outperform rating and a $42.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $38.36.
Shares of NYSE:HOME opened at $39.15 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.86 and a quick ratio of 0.09. The stock has a market cap of $2.45 billion, a P/E ratio of 51.51, a price-to-earnings-growth ratio of 1.21 and a beta of 1.63. At Home Group has a 12-month low of $20.07 and a 12-month high of $40.74.
At Home Group (NYSE:HOME) last issued its quarterly earnings data on Thursday, June 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $256.20 million during the quarter, compared to the consensus estimate of $256.47 million. At Home Group had a return on equity of 10.15% and a net margin of 4.03%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the company earned $0.19 EPS. sell-side analysts forecast that At Home Group will post 1.25 EPS for the current year.
In other news, insider Alissa M. Ahlman sold 10,234 shares of At Home Group stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $33.87, for a total value of $346,625.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lewis L. Bird III sold 26,588 shares of At Home Group stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $33.89, for a total value of $901,067.32. The disclosure for this sale can be found here. Insiders sold a total of 16,131,603 shares of company stock valued at $545,174,068 in the last quarter. Company insiders own 7.25% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new position in shares of At Home Group in the 1st quarter valued at about $173,000. The Manufacturers Life Insurance Company raised its position in shares of At Home Group 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 acquiring an additional 3,711 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of At Home Group during the 4th quarter worth about $213,000. American International Group Inc. raised its position in shares of At Home Group 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 acquiring an additional 3,539 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of At Home Group during the 1st quarter worth about $259,000. Institutional investors and hedge funds own 44.72% of the company’s stock.
At Home Group Company Profile
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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