At Home Group (NYSE:HOME) had its price objective decreased by Wells Fargo & Co from $42.00 to $30.00 in a research report sent to investors on Friday morning. Wells Fargo & Co currently has an outperform rating on the financial services provider’s stock.
Other research analysts have also recently issued research reports about the company. KeyCorp decreased their target price on At Home Group from $42.00 to $38.00 and set an overweight rating for the company in a research note on Friday. Zacks Investment Research cut At Home Group from a buy rating to a hold rating in a research note on Thursday, August 9th. Jefferies Financial Group assumed coverage on At Home Group in a research note on Tuesday, August 21st. They set a buy rating and a $45.00 target price for the company. ValuEngine cut At Home Group from a hold rating to a sell rating in a research note on Thursday. Finally, TheStreet cut At Home Group from a b- rating to a c+ rating in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $38.60.
HOME stock traded down $3.34 during trading hours on Friday, hitting $20.41. 4,108,260 shares of the stock traded hands, compared to its average volume of 1,138,425. At Home Group has a one year low of $20.20 and a one year high of $40.97. The stock has a market capitalization of $1.51 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.34 and a beta of 1.44. The company has a quick ratio of 0.08, a current ratio of 0.89 and a debt-to-equity ratio of 0.48.
At Home Group (NYSE:HOME) last announced its earnings results on Thursday, December 6th. The financial services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. At Home Group had a return on equity of 7.43% and a net margin of 2.64%. The business had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $265.38 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, sell-side analysts anticipate that At Home Group will post 0.75 earnings per share for the current year.
In related news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $33.11, for a total value of $152,035,292.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip L. Francis purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was bought at an average price of $26.50 per share, with a total value of $265,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 4,597,008 shares of company stock valued at $152,207,453 in the last quarter. 7.25% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in shares of At Home Group by 19.5% in the 3rd quarter. Marshall Wace LLP now owns 136,684 shares of the financial services provider’s stock valued at $4,310,000 after purchasing an additional 22,351 shares during the period. Vanguard Group Inc. lifted its stake in At Home Group by 85.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,644,307 shares of the financial services provider’s stock worth $114,905,000 after acquiring an additional 1,676,694 shares in the last quarter. Morgan Stanley lifted its stake in At Home Group by 57.9% in the 3rd quarter. Morgan Stanley now owns 300,526 shares of the financial services provider’s stock worth $9,476,000 after acquiring an additional 110,141 shares in the last quarter. Legal & General Group Plc lifted its stake in At Home Group by 268.0% in the 3rd quarter. Legal & General Group Plc now owns 15,864 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 11,553 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in At Home Group by 9.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 224,725 shares of the financial services provider’s stock worth $7,086,000 after acquiring an additional 19,036 shares in the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.
About At Home Group
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 décors, holiday accessories, home organization products, pillows, pottery, vases, and window treatments.
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