At Home Group (HOME) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

At Home Group (NYSE:HOME) posted its quarterly earnings data on Thursday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.15, Bloomberg Earnings reports. The firm had revenue of $293.67 million for the quarter, compared to the consensus estimate of $286.23 million. At Home Group had a return on equity of 7.53% and a net margin of 4.18%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. At Home Group updated its Q1 guidance to $0.25-0.27 EPS and its FY19 guidance to $1.18-1.24 EPS.

Shares of At Home Group stock traded down $1.17 during midday trading on Thursday, reaching $26.46. The company’s stock had a trading volume of 885,827 shares, compared to its average volume of 272,984. 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 $14.80 and a 12 month high of $34.01. The stock has a market cap of $1,713.57, a P/E ratio of 44.10, a price-to-earnings-growth ratio of 0.99 and a beta of 2.32.

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Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded At Home Group from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Jefferies Group reiterated a “buy” rating and issued a $35.00 price objective (up previously from $30.00) on shares of At Home Group in a report on Thursday, November 30th. Barclays began coverage on At Home Group in a report on Thursday, January 25th. They set an “overweight” rating and a $40.00 price target on the stock. Buckingham Research began coverage on At Home Group in a report on Friday, February 16th. They set a “buy” rating and a $43.00 price target on the stock. Finally, KeyCorp restated a “buy” rating on shares of At Home Group in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. At Home Group presently has an average rating of “Buy” and an average price target of $31.65.

In other At Home Group news, CEO Lewis L. Bird III sold 26,588 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $30.38, for a total transaction of $807,743.44. Following the sale, the chief executive officer now owns 39,588 shares in the company, valued at approximately $1,202,683.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alissa M. Ahlman sold 10,234 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $30.70, for a total value of $314,183.80. Following the sale, the insider now owns 10,234 shares in the company, valued at approximately $314,183.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 532,434 shares of company stock worth $17,026,337. 7.30% of the stock is owned by company insiders.

An institutional investor recently raised its position in At Home Group stock. State Street Corp grew its holdings in At Home Group Inc (NYSE:HOME) by 18.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 128,935 shares of the financial services provider’s stock after acquiring an additional 20,449 shares during the quarter. State Street Corp owned about 0.21% of At Home Group worth $3,002,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 32.79% 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.

Earnings History for At Home Group (NYSE:HOME)

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