Bank of New York Mellon Corp grew its stake in shares of At Home (NYSE:HOME) by 251.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,683 shares of the financial services provider’s stock after acquiring an additional 55,609 shares during the period. Bank of New York Mellon Corp owned 0.13% of At Home worth $2,360,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of At Home 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 in the last quarter. Wells Fargo & Company MN increased its holdings in shares of At Home by 107.3% in the fourth quarter. Wells Fargo & Company MN now owns 12,649 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 6,548 shares during the period. Lisanti Capital Growth LLC increased its holdings in shares of At Home by 20.7% in the fourth quarter. Lisanti Capital Growth LLC now owns 88,730 shares of the financial services provider’s stock worth $2,697,000 after purchasing an additional 15,190 shares during the period. American Century Companies Inc. increased its holdings in shares of At Home by 47.2% in the fourth quarter. American Century Companies Inc. now owns 293,761 shares of the financial services provider’s stock worth $8,927,000 after purchasing an additional 94,168 shares during the period. Finally, CI Investments Inc. bought a new position in shares of At Home in the fourth quarter worth $13,353,000. Hedge funds and other institutional investors own 32.79% of the company’s stock.
Several research analysts have recently weighed in on HOME shares. Zacks Investment Research raised shares of At Home from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, January 10th. Buckingham Research started coverage on shares of At Home in a report on Friday, February 16th. They issued a “buy” rating and a $43.00 price target on the stock. Guggenheim reaffirmed a “buy” rating and issued a $35.00 price target on shares of At Home in a report on Thursday, December 21st. Barclays started coverage on shares of At Home in a report on Thursday, January 25th. They issued an “overweight” rating and a $40.00 price target on the stock. Finally, KeyCorp reaffirmed a “buy” rating on shares of At Home in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.65.
At Home (NYSE:HOME) last released its earnings results on Thursday, March 22nd. The financial services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.15. The business had revenue of $293.67 million for the quarter, compared to analysts’ expectations of $286.23 million. At Home had a return on equity of 9.25% and a net margin of 3.35%. The firm’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. sell-side analysts anticipate that At Home will post 1.19 earnings per share for the current fiscal year.
In related news, insider Becky Kay Haislip sold 10,000 shares of the stock in a transaction on Friday, April 6th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Judd T. Nystrom sold 187,882 shares of the stock in a transaction on Friday, April 6th. The shares were sold at an average price of $34.84, for a total value of $6,545,808.88. The disclosure for this sale can be found here. In the last three months, insiders sold 7,782,760 shares of company stock worth $227,259,080. 7.14% of the stock is owned by insiders.
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About At 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, frames, pottery, bar stools, garden décor, rugs and mats, bedding and bath products, Halloween decorations, sculptures, beds and mattresses, harvest decorations, silk flowers, candles, home organization products, sofas, chairs, kitchenware, stands, Christmas decorations, lamps, storage products, consumables, mirrors, tables, Easter decorations, patio products, vases, floor plants and trees, pet items, wall arts, food preparation items, pillows and cushions, and window treatments.
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