At Home Group Inc (HOME) Trading Up 4% Following Insider Buying Activity
At Home Group Inc (NASDAQ:HOME) shares shot up 4% during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $14.81 and last traded at $14.57, with a volume of 170,484 shares changing hands. The stock had previously closed at $14.01.
Specifically, CEO Lewis L. Bird III bought 18,355 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average cost of $13.74 per share, for a total transaction of $252,197.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mary Jane Broussard bought 22,750 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were acquired at an average price of $13.18 per share, for a total transaction of $299,845.00. Following the completion of the transaction, the insider now directly owns 20,767 shares in the company, valued at approximately $273,709.06. The disclosure for this purchase can be found here.
Several analysts have recently issued reports on the stock. Morgan Stanley set a $16.00 target price on shares of At Home Group and gave the company a “hold” rating in a research report on Thursday, September 15th. Jefferies Group set a $20.00 target price on shares of At Home Group and gave the company a “buy” rating in a research report on Wednesday, September 14th. Guggenheim upgraded shares of At Home Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.45 to $17.00 in a research report on Wednesday, September 14th. Tigress Financial assumed coverage on shares of At Home Group in a research report on Tuesday, September 13th. They set a “buy” rating on the stock. Finally, Evercore ISI assumed coverage on shares of At Home Group in a research report on Friday, September 9th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $19.80.
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The stock has a market cap of $877.16 million and a P/E ratio of 0.2822. The firm has a 50 day moving average price of $14.61 and a 200-day moving average price of $14.61.
At Home Group (NASDAQ:HOME) last announced its earnings results on Tuesday, September 13th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company earned $188.40 million during the quarter. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities research analysts predict that At Home Group Inc will post $0.20 earnings per share for the current fiscal year.
At Home Group Company Profile
At Home Group Inc is a home decor superstore. The Company’s product offering includes accent furniture, frames, bar stools, garden decor, rugs and mats, bedding and bath products, Halloween decorations, sculptures, beds and mattresses, harvest decorations, silk flowers, candles, home organization, sofas, chairs, kitchenware, stands, Christmas decorations, lamps, storage, consumables, mirrors, tables, Easter decorations, patio, vases, floor plants and trees, pet items, wall art, food preparation items, pillows and cushions, and window treatments.
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