At Home Group (NYSE:HOME) Shares Gap Down After Analyst Downgrade

At Home Group Inc (NYSE:HOME)’s stock price gapped down prior to trading on Friday after Jefferies Financial Group downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $6.21, but opened at $5.48. Jefferies Financial Group now has a $6.00 price target on the stock. At Home Group shares last traded at $5.54, with a volume of 119,352 shares traded.

Several other research firms have also recently weighed in on HOME. TheStreet raised At Home Group from a “d+” rating to a “c-” rating in a report on Monday, September 30th. William Blair lowered At Home Group from an “outperform” rating to a “market perform” rating in a report on Thursday. Wells Fargo & Co reduced their price objective on At Home Group from $9.00 to $7.00 and set a “market perform” rating for the company in a research report on Thursday. ValuEngine raised At Home Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Finally, Bank of America set a $6.00 target price on At Home Group and gave the stock a “sell” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.98.

In related news, insider Norman E. Mcleod acquired 4,000 shares of At Home Group stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $7.99 per share, for a total transaction of $31,960.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO Peter Sg Corsa bought 6,393 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $7.86 per share, for a total transaction of $50,248.98. The disclosure for this purchase can be found here. Insiders have bought a total of 375,629 shares of company stock worth $3,503,358 in the last quarter. Corporate insiders own 9.25% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maverick Capital Ltd. bought a new position in shares of At Home Group in the third quarter worth approximately $3,773,000. Equitable Trust Co. boosted its holdings in At Home Group by 51.3% in the 3rd quarter. Equitable Trust Co. now owns 101,008 shares of the financial services provider’s stock worth $972,000 after buying an additional 34,243 shares during the period. Virtu Financial LLC purchased a new stake in At Home Group in the 3rd quarter worth $800,000. State Street Corp increased its stake in At Home Group by 3.0% in the 3rd quarter. State Street Corp now owns 910,058 shares of the financial services provider’s stock worth $8,755,000 after buying an additional 26,612 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in At Home Group by 360.2% during the third quarter. First Trust Advisors LP now owns 346,024 shares of the financial services provider’s stock valued at $3,329,000 after acquiring an additional 270,831 shares during the period. Institutional investors own 80.62% of the company’s stock.

The stock has a fifty day simple moving average of $8.84 and a 200 day simple moving average of $8.81. The firm has a market capitalization of $363.32 million, a P/E ratio of 7.66, a PEG ratio of 0.71 and a beta of 1.25. The company has a quick ratio of 0.07, a current ratio of 0.80 and a debt-to-equity ratio of 1.71.

At Home Group (NYSE:HOME) last released its quarterly earnings data on Wednesday, September 4th. The financial services provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. At Home Group had a return on equity of 8.62% and a net margin of 5.12%. The firm had revenue of $342.32 million during the quarter, compared to analyst estimates of $343.45 million. Research analysts anticipate that At Home Group Inc will post 0.69 earnings per share for the current fiscal year.

At Home Group Company Profile (NYSE:HOME)

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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