Zacks Investment Research Lowers At Home Group Inc (HOME) to Hold
At Home Group Inc (NASDAQ:HOME) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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. “
Several other analysts have also issued reports on the company. BidaskClub lowered At Home Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of At Home Group in a research note on Monday, September 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 target price (up previously from $20.00) on shares of At Home Group in a research note on Thursday, September 7th. Guggenheim reaffirmed a “buy” rating and issued a $28.00 target price (up previously from $23.00) on shares of At Home Group in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC set a $26.00 target price on At Home Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.94.
At Home Group (HOME) traded down 2.09% during mid-day trading on Tuesday, reaching $21.54. 148,342 shares of the company’s stock traded hands. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $22.45. At Home Group has a 1-year low of $10.19 and a 1-year high of $26.40. The firm has a market cap of $1.30 billion and a PE ratio of 40.34.
At Home Group (NASDAQ:HOME) last issued its quarterly earnings data on Tuesday, September 5th. The financial services provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $232.07 million during the quarter, compared to analyst estimates of $227.06 million. At Home Group had a return on equity of 6.89% and a net margin of 4.11%. At Home Group’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Analysts forecast that At Home Group will post $0.75 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in shares of At Home Group during the third quarter valued at approximately $433,000. Lord Abbett & CO. LLC purchased a new stake in shares of At Home Group during the second quarter valued at approximately $3,320,000. BlueCrest Capital Management Ltd purchased a new stake in shares of At Home Group during the second quarter valued at approximately $1,401,000. State Street Corp boosted its stake in shares of At Home Group by 18.8% during the second quarter. State Street Corp now owns 128,935 shares of the financial services provider’s stock valued at $3,002,000 after purchasing an additional 20,449 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of At Home Group by 0.8% during the second quarter. Macquarie Group Ltd. now owns 47,030 shares of the financial services provider’s stock valued at $1,095,000 after purchasing an additional 357 shares during the period.
About At Home Group
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