At Home Group (HOME) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of At Home Group (NYSE:HOME) from a hold rating to a strong-buy rating in a research note published on Thursday. Zacks Investment Research currently has $36.00 price objective on the financial services provider’s stock.
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. “
Other equities research analysts also recently issued research reports about the stock. Barclays began coverage on shares of At Home Group in a research note on Thursday, January 25th. They set an overweight rating and a $40.00 price target on the stock. Guggenheim reiterated a buy rating and set a $35.00 price target on shares of At Home Group in a research note on Thursday, December 21st. BidaskClub downgraded shares of At Home Group from a buy rating to a hold rating in a research note on Thursday, October 12th. Jefferies Group reiterated a buy rating and set a $35.00 price target (up previously from $30.00) on shares of At Home Group in a research note on Thursday, November 30th. Finally, KeyCorp reiterated a buy rating on shares of At Home Group in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. At Home Group currently has a consensus rating of Buy and an average price target of $30.61.
At Home Group (NYSE:HOME) last posted its quarterly earnings results on Wednesday, November 29th. The financial services provider reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. At Home Group had a net margin of 4.18% and a return on equity of 7.53%. The firm had revenue of $213.00 million for the quarter, compared to the consensus estimate of $201.29 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. analysts anticipate that At Home Group will post 0.79 earnings per share for the current year.
In other news, insider Alissa M. Ahlman sold 30,702 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $26.60, for a total value of $816,673.20. Following the sale, the insider now owns 19,104 shares in the company, valued at approximately $508,166.40. 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 79,764 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $27.50, for a total transaction of $2,193,510.00. Following the completion of the sale, the chief executive officer now owns 52,882 shares in the company, valued at approximately $1,454,255. The disclosure for this sale can be found here. Insiders sold a total of 6,439,046 shares of company stock worth $159,525,332 in the last 90 days. 7.14% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Capital World Investors acquired a new stake in shares of At Home Group in the 2nd quarter valued at $42,643,000. Peregrine Capital Management LLC boosted its stake in shares of At Home Group by 14.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 672,391 shares of the financial services provider’s stock valued at $15,357,000 after purchasing an additional 85,922 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of At Home Group by 414.4% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 423,918 shares of the financial services provider’s stock valued at $12,883,000 after purchasing an additional 341,509 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of At Home Group by 9.1% in the 2nd quarter. Vanguard Group Inc. now owns 406,885 shares of the financial services provider’s stock valued at $9,477,000 after purchasing an additional 34,040 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of At Home Group by 14.6% in the 2nd quarter. New York State Common Retirement Fund now owns 239,730 shares of the financial services provider’s stock valued at $5,583,000 after purchasing an additional 30,564 shares in the last quarter. Institutional investors own 24.72% of the company’s stock.
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About At Home Group
At Home Group, Inc is a home decor superstore. The Company is focused on providing a range of assortment of products for any room, in any style, for any budget. As of July 30, 2016, the Company offered over 50,000 stock keeping units (SKUs) throughout its stores. As of July 30, 2016, the Company’s store base is consisted of 115 format stores across 29 states and 65 markets, averaging approximately 120,000 square feet per store.
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