At Home Group (HOME) Trading Up 5.8% After Earnings Beat
At Home Group Inc (NYSE:HOME)’s share price was up 5.8% during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $24.19 and last traded at $23.57. Approximately 794,863 shares were traded during trading, an increase of 349% from the average daily volume of 176,910 shares. The stock had previously closed at $22.27.
The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. At Home Group had a net margin of 3.88% and a return on equity of 7.52%. The business had revenue of $213.00 million for the quarter, compared to analysts’ expectations of $201.29 million. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year.
HOME has been the topic of several research reports. KeyCorp initiated coverage on shares of At Home Group in a research report on Monday, August 21st. They set an “overweight” rating and a $29.00 price objective on the stock. Zacks Investment Research cut shares of At Home Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Guggenheim restated a “buy” rating and set a $28.00 price objective (up previously from $23.00) on shares of At Home Group in a research report on Wednesday, September 6th. Jefferies Group set a $26.00 price objective on shares of At Home Group and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, SunTrust Banks restated a “buy” rating on shares of At Home Group in a research report on Monday, September 18th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $25.94.
A number of large investors have recently modified their holdings of the stock. Capital World Investors purchased a new position in At Home Group in the 2nd quarter worth $42,643,000. Peregrine Capital Management LLC raised its position in 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 worth $15,357,000 after purchasing an additional 85,922 shares during the period. 1060 Capital LLC raised its position in At Home Group by 225.2% in the 2nd quarter. 1060 Capital LLC now owns 504,802 shares of the financial services provider’s stock worth $11,757,000 after purchasing an additional 349,572 shares during the period. William Blair Investment Management LLC purchased a new position in At Home Group in the 2nd quarter worth $10,798,000. Finally, Vanguard Group Inc. raised its position in 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 worth $9,477,000 after purchasing an additional 34,040 shares during the period. Institutional investors own 24.75% of the company’s stock.
The company has a market capitalization of $1,330.00 and a PE ratio of 33.46. The company has a quick ratio of 0.06, a current ratio of 0.82 and a debt-to-equity ratio of 0.57.
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About At Home Group
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