At Home Group (HOME) Cut to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of At Home Group (NYSE:HOME) from a hold rating to a strong sell rating in a research report released on Wednesday.

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. “

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HOME has been the topic of a number of other research reports. Jefferies Group restated a buy rating and issued a $35.00 target price (up previously from $30.00) on shares of At Home Group in a research note on Thursday, November 30th. Barclays began coverage on shares of At Home Group in a research note on Thursday, January 25th. They issued an overweight rating and a $40.00 target price on the stock. Buckingham Research began coverage on shares of At Home Group in a research note on Friday, February 16th. They issued a buy rating and a $43.00 target price on the stock. KeyCorp restated a buy rating on shares of At Home Group in a research note on Thursday, December 21st. Finally, Guggenheim restated a buy rating and issued a $35.00 target price on shares of At Home Group in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $31.65.

Shares of HOME stock opened at $31.55 on Wednesday. The stock has a market cap of $1,602.15, a PE ratio of 63.10, a PEG ratio of 0.99 and a beta of 2.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.06. At Home Group has a 12 month low of $14.80 and a 12 month high of $34.01.

At Home Group (NYSE:HOME) last issued its earnings results on Thursday, March 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.15. The business had revenue of $293.67 million for the quarter, compared to analyst estimates of $286.23 million. At Home Group had a net margin of 3.35% and a return on equity of 9.38%. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. sell-side analysts forecast that At Home Group will post 1.11 earnings per share for the current year.

In related news, CFO Judd T. Nystrom sold 84,854 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $33.99, for a total transaction of $2,884,187.46. Following the sale, the chief financial officer now owns 124,854 shares in the company, valued at $4,243,787.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lewis L. Bird III sold 26,588 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 532,434 shares of company stock worth $17,026,337. 7.14% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOME. The Manufacturers Life Insurance Company raised its stake 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 acquiring an additional 3,711 shares during the period. Two Sigma Advisers LP bought a new position in At Home Group in the 4th quarter worth about $213,000. Dimensional Fund Advisors LP bought a new position in At Home Group in the 3rd quarter worth about $245,000. Citadel Advisors LLC bought a new position in At Home Group in the 3rd quarter worth about $254,000. Finally, Syntal Capital Partners LLC bought a new position in At Home Group in the 4th quarter worth about $273,000. Hedge funds and other institutional investors 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.

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Analyst Recommendations for At Home Group (NYSE:HOME)

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