At Home Group (HOME) Stock Rating Lowered by Zacks Investment Research
At Home Group (NYSE:HOME) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Several other equities research analysts have also recently weighed in on HOME. Jefferies Group reissued a “buy” rating and set a $35.00 price target (up previously from $30.00) on shares of At Home Group in a research report on Thursday, November 30th. KeyCorp reissued a “buy” rating on shares of At Home Group in a research report on Thursday, December 21st. Guggenheim reissued a “buy” rating and set a $35.00 price target on shares of At Home Group in a research report on Thursday, December 21st. Finally, Barclays initiated coverage on shares of At Home Group in a report on Thursday, January 25th. They issued an “overweight” rating and a $40.00 price objective for the company. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $30.61.
At Home Group (NYSE:HOME) last announced its quarterly earnings results on Wednesday, November 29th. The financial services provider reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The business had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $201.29 million. At Home Group had a net margin of 4.18% and a return on equity of 7.53%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 EPS. equities research analysts expect that At Home Group will post 0.79 earnings per share for the current fiscal year.
In other At Home Group news, CEO Lewis L. Bird III sold 79,764 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $27.50, for a total value of $2,193,510.00. Following the completion of the transaction, the chief executive officer now directly owns 52,882 shares in the company, valued at approximately $1,454,255. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey G. Clark sold 2,640,299 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $23.46, for a total transaction of $61,941,414.54. The disclosure for this sale can be found here. Insiders sold a total of 6,439,046 shares of company stock valued at $159,525,332 over the last 90 days. Company insiders own 7.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. raised its holdings in At Home Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 47,030 shares of the financial services provider’s stock worth $1,095,000 after purchasing an additional 357 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of At Home Group by 182.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 5,745 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 3,711 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of At Home Group by 34.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 17,000 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 4,400 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of At Home Group by 5.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 108,879 shares of the financial services provider’s stock worth $2,536,000 after acquiring an additional 6,009 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of At Home Group by 107.3% in the 4th quarter. Wells Fargo & Company MN now owns 12,649 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 6,548 shares in the last quarter. Institutional investors and hedge funds own 25.44% of the company’s stock.
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At Home Group Company Profile
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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