At Home Group (HOME) Downgraded to Buy at ValuEngine

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ValuEngine cut shares of At Home Group (NYSE:HOME) from a strong-buy rating to a buy rating in a report issued on Thursday.

A number of other brokerages have also recently commented on HOME. Zacks Investment Research raised shares of At Home Group from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Wednesday, April 18th. KeyCorp reaffirmed an overweight rating and issued a $42.00 target price (up from $35.00) on shares of At Home Group in a report on Tuesday, May 8th. Bank of America upped their target price on shares of At Home Group from $37.00 to $43.00 and gave the company a buy rating in a report on Friday, June 8th. Finally, Wells Fargo & Co started coverage on shares of At Home Group in a report on Monday, April 23rd. They issued an outperform rating and a $42.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $36.27.

HOME traded down $0.43 on Thursday, reaching $36.40. The company had a trading volume of 6,676 shares, compared to its average volume of 1,077,765. At Home Group has a 1 year low of $20.07 and a 1 year high of $39.31. The stock has a market cap of $2.29 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.86 and a quick ratio of 0.09.

At Home Group (NYSE:HOME) last announced its quarterly earnings results on Thursday, June 7th. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. At Home Group had a net margin of 4.03% and a return on equity of 10.15%. The firm had revenue of $256.20 million during the quarter, compared to analysts’ expectations of $256.47 million. During the same period in the previous year, the company earned $0.19 earnings per share. At Home Group’s quarterly revenue was up 21.0% compared to the same quarter last year. equities analysts expect that At Home Group will post 1.24 EPS for the current fiscal year.

In other news, CEO Lewis L. Bird III sold 26,588 shares of the business’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $30.86, for a total transaction of $820,505.68. Following the transaction, the chief executive officer now directly owns 39,588 shares in the company, valued at $1,221,685.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Valerie Davisson sold 37,542 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $35.41, for a total transaction of $1,329,362.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,189,600 shares of company stock worth $546,973,641. Company insiders own 7.25% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of HOME. Schwab Charles Investment Management Inc. acquired a new position in At Home Group during the fourth quarter worth about $659,000. Wells Fargo & Company MN grew its position in At Home Group by 107.3% during the fourth quarter. Wells Fargo & Company MN now owns 12,649 shares of the financial services provider’s stock worth $385,000 after buying an additional 6,548 shares during the period. The Manufacturers Life Insurance Company grew its position in At Home Group by 182.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,745 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,711 shares during the period. Bank of New York Mellon Corp grew its position in At Home Group by 251.9% during the fourth quarter. Bank of New York Mellon Corp now owns 77,683 shares of the financial services provider’s stock worth $2,360,000 after buying an additional 55,609 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in At Home Group by 494.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,011 shares of the financial services provider’s stock worth $274,000 after buying an additional 7,495 shares during the period. Institutional investors own 44.72% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for At Home Group (NYSE:HOME)

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