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 report sent to investors on Thursday morning. They currently have $36.00 price target 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. “
HOME has been the subject of several other reports. Jefferies Group reaffirmed a buy rating and set a $35.00 price objective (up from $30.00) on shares of At Home Group in a report on Thursday, November 30th. Barclays began coverage on shares of At Home Group in a report on Thursday, January 25th. They set an overweight rating and a $40.00 price objective for the company. KeyCorp reaffirmed a buy rating on shares of At Home Group in a report on Thursday, December 21st. BidaskClub downgraded shares of At Home Group from a buy rating to a hold rating in a report on Thursday, October 12th. Finally, Guggenheim reaffirmed a buy rating and set a $35.00 price objective on shares of At Home Group in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $30.61.
At Home Group (NYSE:HOME) last posted its earnings results on Wednesday, November 29th. The financial services provider reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $213.00 million during the quarter, compared to the consensus estimate of $201.29 million. At Home Group had a net margin of 4.18% and a return on equity of 7.53%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. sell-side analysts predict that At Home Group will post 0.79 EPS for the current fiscal year.
In other At Home Group news, major shareholder Aea Management (Cayman) Ltd sold 3,109,701 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $24.50, for a total value of $76,187,674.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alissa M. Ahlman sold 30,702 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $26.60, for a total transaction of $816,673.20. Following the completion of the sale, the insider now directly owns 19,104 shares of the company’s stock, valued at $508,166.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,439,046 shares of company stock valued at $159,525,332. 7.14% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. bought a new stake in At Home Group in the 2nd quarter valued at $235,000. Dimensional Fund Advisors LP bought a new stake in At Home Group in the 3rd quarter valued at $245,000. Citadel Advisors LLC bought a new stake in At Home Group in the 3rd quarter valued at $254,000. Syntal Capital Partners LLC bought a new stake in At Home Group in the 4th quarter valued at $273,000. Finally, GSA Capital Partners LLP bought a new stake in At Home Group in the 3rd quarter valued at $295,000. 24.72% of the stock is owned by hedge funds and other institutional investors.
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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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