At Home Group (NYSE:HOME) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of At Home Group (NYSE:HOME) from a buy rating to a hold rating in a report issued on Tuesday, January 9th.

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 research reports. Jefferies Group reiterated a buy rating and set a $35.00 price target (up previously from $30.00) on shares of At Home Group in a research note on Thursday, November 30th. SunTrust Banks reissued a buy rating on shares of At Home Group in a report on Monday, September 18th. KeyCorp reissued a buy rating on shares of At Home Group in a report on Thursday, December 21st. BidaskClub cut 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 issued a $35.00 price target on shares of At Home Group in a report on Thursday, December 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $29.44.

At Home Group (HOME) opened at $32.74 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.06 and a debt-to-equity ratio of 0.56. At Home Group has a 12-month low of $13.97 and a 12-month high of $32.75. The firm has a market capitalization of $1,982.41, a P/E ratio of 54.57, a PEG ratio of 1.72 and a beta of 3.77.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The business had revenue of $213.00 million during the quarter, compared to the consensus estimate of $201.29 million. At Home Group had a return on equity of 7.53% and a net margin of 4.18%. At Home Group’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. research analysts predict that At Home Group will post 0.79 EPS for the current fiscal year.

In related news, CEO Lewis L. Bird III sold 79,764 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.50, for a total transaction of $2,193,510.00. Following the transaction, the chief executive officer now directly owns 52,882 shares in the company, valued at approximately $1,454,255. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alissa M. Ahlman sold 30,702 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $26.60, for a total value of $816,673.20. Following the transaction, the insider now owns 19,104 shares in the company, valued at $508,166.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,842 shares of company stock worth $148,379,677 over the last quarter. Corporate insiders own 7.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Capital World Investors purchased a new position in shares of At Home Group in the 2nd quarter valued at approximately $42,643,000. Peregrine Capital Management LLC lifted its stake in shares of At Home Group by 14.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 672,391 shares of the financial services provider’s stock valued at $15,357,000 after purchasing an additional 85,922 shares during the period. Vanguard Group Inc. lifted its stake in shares of At Home Group by 9.1% in the 2nd quarter. Vanguard Group Inc. now owns 406,885 shares of the financial services provider’s stock valued at $9,477,000 after purchasing an additional 34,040 shares during the period. New York State Common Retirement Fund lifted its stake in shares of At Home Group by 14.6% in the 2nd quarter. New York State Common Retirement Fund now owns 239,730 shares of the financial services provider’s stock valued at $5,583,000 after purchasing an additional 30,564 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of At Home Group by 349.7% in the 3rd quarter. American Century Companies Inc. now owns 199,593 shares of the financial services provider’s stock valued at $4,559,000 after purchasing an additional 155,205 shares during the period. Hedge funds and other institutional investors own 24.72% of the company’s stock.

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About At Home Group

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