At Home Group (NYSE:HOME) Stock Rating Lowered by Zacks Investment Research

At Home Group (NYSE:HOME) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday, September 5th.

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. “

Other analysts have also issued research reports about the company. Jefferies Financial Group set a $47.00 price objective on At Home Group and gave the company a “buy” rating in a research note on Thursday, August 30th. Wells Fargo & Co restated a “buy” rating and issued a $42.00 price objective on shares of At Home Group in a research note on Thursday, August 30th. Bank of America increased their target price on At Home Group from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. Morgan Stanley upgraded At Home Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $47.00 in a research note on Tuesday, June 26th. Finally, ValuEngine lowered At Home Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.44.

Shares of HOME stock traded down $1.03 on Wednesday, hitting $31.93. 1,278,834 shares of the stock were exchanged, compared to its average volume of 1,306,274. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.89 and a quick ratio of 0.08. The stock has a market capitalization of $2.10 billion, a P/E ratio of 42.01, a P/E/G ratio of 1.64 and a beta of 0.97. At Home Group has a fifty-two week low of $20.07 and a fifty-two week high of $40.97.

At Home Group (NYSE:HOME) last issued its quarterly earnings results on Wednesday, August 29th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. At Home Group had a return on equity of 6.26% and a net margin of 1.95%. The firm had revenue of $288.50 million during the quarter, compared to analysts’ expectations of $286.50 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. equities analysts expect that At Home Group will post 0.79 EPS for the current year.

In other At Home Group news, CAO Becky Kay Haislip sold 7,194 shares of the firm’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $38.28, for a total value of $275,386.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $33.11, for a total value of $152,035,292.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,894,571 shares of company stock worth $162,954,133. Corporate insiders own 7.25% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of At Home Group by 187.2% during the 2nd quarter. BlackRock Inc. now owns 1,726,300 shares of the financial services provider’s stock valued at $67,583,000 after acquiring an additional 1,125,296 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in At Home Group by 114.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,709,221 shares of the financial services provider’s stock worth $66,916,000 after buying an additional 910,649 shares during the period. Copper Rock Capital Partners LLC acquired a new position in At Home Group during the 2nd quarter worth about $23,846,000. Lord Abbett & CO. LLC lifted its holdings in At Home Group by 44.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,541,651 shares of the financial services provider’s stock worth $49,395,000 after buying an additional 473,780 shares during the period. Finally, Millennium Management LLC lifted its holdings in At Home Group by 1,107.5% during the 2nd quarter. Millennium Management LLC now owns 488,242 shares of the financial services provider’s stock worth $19,115,000 after buying an additional 447,809 shares during the period. 61.45% of the stock is currently owned by hedge funds and other institutional investors.

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 décor, holiday accessories, home organization, pillows, pottery, vases, and window treatments.

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