Zacks Investment Management purchased a new stake in shares of At Home Group Inc (NYSE:HOME) during the second quarter, Holdings Channel reports. The institutional investor purchased 20,553 shares of the financial services provider’s stock, valued at approximately $805,000.
Several other hedge funds have also modified their holdings of HOME. US Bancorp DE grew its stake in At Home Group by 116.1% in the second quarter. US Bancorp DE now owns 3,015 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,620 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in At Home Group in the second quarter valued at about $156,000. Princeton Capital Management LLC purchased a new position in At Home Group in the second quarter valued at about $157,000. Legal & General Group Plc grew its stake in At Home Group by 123.8% in the second quarter. Legal & General Group Plc now owns 4,311 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 2,385 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in At Home Group in the second quarter valued at about $172,000. Institutional investors and hedge funds own 61.45% of the company’s stock.
HOME has been the topic of a number of recent research reports. Zacks Investment Research downgraded At Home Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Jefferies Financial Group initiated coverage on At Home Group in a research note on Tuesday, August 21st. They issued a “buy” rating and a $45.00 target price on the stock. Morgan Stanley upgraded At Home Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $47.00 in a research note on Tuesday, June 26th. TheStreet upgraded At Home Group from a “c” rating to a “b-” rating in a research note on Friday, August 3rd. Finally, ValuEngine downgraded At Home Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.44.
In related news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $33.11, for a total transaction of $152,035,292.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lewis L. Bird III sold 60,870 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $35.00, for a total value of $2,130,450.00. Following the sale, the chief executive officer now directly owns 73,870 shares in the company, valued at approximately $2,585,450. The disclosure for this sale can be found here. In the last three months, insiders sold 4,894,571 shares of company stock worth $162,954,133. 7.25% of the stock is currently owned by company insiders.
HOME stock opened at $31.86 on Monday. At Home Group Inc has a 1-year low of $20.07 and a 1-year high of $40.97. The company has a market capitalization of $2.10 billion, a PE ratio of 42.16, a P/E/G ratio of 1.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.89.
At Home Group (NYSE:HOME) last released its quarterly earnings data on Wednesday, August 29th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. At Home Group had a return on equity of 6.26% and a net margin of 1.95%. The company had revenue of $288.50 million for the quarter, compared to analyst estimates of $286.50 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was up 24.3% compared to the same quarter last year. analysts forecast that At Home Group Inc will post 0.79 earnings per share for the current year.
About At Home Group
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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