At Home Group (NYSE:HOME) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday. The firm currently has a $30.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential downside of 1.99% from the company’s previous close.
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. “
HOME has been the subject of several other research reports. Goldman Sachs Group raised shares of At Home Group from a “neutral” rating to a “buy” rating and reduced their price target for the company from $41.00 to $39.00 in a research report on Monday, October 1st. Jefferies Financial Group set a $47.00 price target on shares of At Home Group and gave the company a “buy” rating in a research report on Thursday, August 30th. Wells Fargo & Co reaffirmed a “buy” rating and set a $42.00 price target on shares of At Home Group in a research report on Thursday, August 30th. Bank of America set a $43.00 price target on shares of At Home Group and gave the company a “buy” rating in a research report on Thursday, September 20th. Finally, ValuEngine lowered shares of At Home Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. At Home Group currently has an average rating of “Buy” and an average target price of $40.80.
NYSE:HOME traded up $1.02 during trading hours on Wednesday, hitting $30.61. The company had a trading volume of 32,926 shares, compared to its average volume of 1,112,466. The stock has a market cap of $1.71 billion, a P/E ratio of 40.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. At Home Group has a 52 week low of $20.58 and a 52 week high of $40.97. The company has a quick ratio of 0.08, a current ratio of 0.89 and a debt-to-equity ratio of 0.48.
At Home Group (NYSE:HOME) last released its quarterly earnings results 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 net margin of 1.95% and a return on equity of 6.26%. The business had revenue of $288.50 million for the quarter, compared to analysts’ expectations of $286.50 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, analysts expect that At Home Group will post 0.79 EPS for the current fiscal year.
In related news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lewis L. Bird III sold 32,308 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $35.00, for a total value of $1,130,780.00. Following the transaction, the chief executive officer now owns 45,308 shares of the company’s stock, valued at $1,585,780. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,772,268 shares of company stock valued at $158,439,284. 7.25% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in HOME. BlackRock Inc. boosted its stake in At Home Group by 187.2% in the 2nd quarter. BlackRock Inc. now owns 1,726,300 shares of the financial services provider’s stock worth $67,583,000 after purchasing an additional 1,125,296 shares during the period. Victory Capital Management Inc. boosted its stake in At Home Group by 114.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,709,221 shares of the financial services provider’s stock worth $66,916,000 after purchasing an additional 910,649 shares during the period. Copper Rock Capital Partners LLC bought a new position in At Home Group in the 2nd quarter worth approximately $23,846,000. Millennium Management LLC boosted its stake in At Home Group by 1,107.5% in the 2nd quarter. Millennium Management LLC now owns 488,242 shares of the financial services provider’s stock worth $19,115,000 after purchasing an additional 447,809 shares during the period. Finally, Redwood Investments LLC bought a new position in At Home Group in the 2nd quarter worth approximately $17,432,000. Institutional investors own 62.08% 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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