At Home Group Inc (HOME) Expected to Announce Quarterly Sales of $265.48 Million

Equities research analysts expect At Home Group Inc (NYSE:HOME) to announce $265.48 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for At Home Group’s earnings, with the lowest sales estimate coming in at $265.00 million and the highest estimate coming in at $266.50 million. At Home Group posted sales of $212.95 million in the same quarter last year, which suggests a positive year over year growth rate of 24.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, December 5th.

According to Zacks, analysts expect that At Home Group will report full-year sales of $1.17 billion for the current fiscal year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts anticipate that the business will report sales of $1.42 billion, with estimates ranging from $1.41 billion to $1.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover At Home Group.

At Home Group (NYSE:HOME) last issued its quarterly earnings data on Wednesday, August 29th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company had revenue of $288.50 million for the quarter, compared to analyst estimates of $286.50 million. At Home Group had a net margin of 1.95% and a return on equity of 6.26%. At Home Group’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share.

HOME has been the topic of several analyst reports. Goldman Sachs Group raised shares of At Home Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $41.00 to $39.00 in a report on Monday, October 1st. Zacks Investment Research lowered shares of At Home Group from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Jefferies Financial Group initiated coverage on shares of At Home Group in a report on Tuesday, August 21st. They issued a “buy” rating and a $45.00 price target on the stock. ValuEngine lowered shares of At Home Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, TheStreet raised shares of At Home Group from a “c” rating to a “b-” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. At Home Group currently has an average rating of “Buy” and a consensus price target of $42.10.

NYSE HOME traded down $0.91 on Monday, hitting $27.08. The stock had a trading volume of 27,134 shares, compared to its average volume of 798,479. The company has a current ratio of 0.89, a quick ratio of 0.08 and a debt-to-equity ratio of 0.48. At Home Group has a 52-week low of $20.07 and a 52-week high of $40.97. The firm has a market capitalization of $2.00 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.57 and a beta of 1.07.

In other news, COO Peter Sg Corsa sold 4,300 shares of the business’s stock in a transaction on Friday, July 20th. The shares were sold at an average price of $38.00, for a total transaction of $163,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Norman E. Mcleod sold 2,592 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $33.24, for a total transaction of $86,158.08. The disclosure for this sale can be found here. Insiders sold 4,869,320 shares of company stock worth $162,025,765 over the last ninety days. Corporate insiders own 7.25% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in HOME. BlackRock Inc. lifted its position in At Home Group by 187.2% during the second quarter. BlackRock Inc. now owns 1,726,300 shares of the financial services provider’s stock valued at $67,583,000 after purchasing an additional 1,125,296 shares during the period. Victory Capital Management Inc. raised its position in shares of At Home Group by 114.0% in the second quarter. Victory Capital Management Inc. now owns 1,709,221 shares of the financial services provider’s stock worth $66,916,000 after acquiring an additional 910,649 shares during the period. Copper Rock Capital Partners LLC acquired a new position in shares of At Home Group in the second quarter worth about $23,846,000. Millennium Management LLC raised its position in shares of At Home Group by 1,107.5% in the second quarter. Millennium Management LLC now owns 488,242 shares of the financial services provider’s stock worth $19,115,000 after acquiring an additional 447,809 shares during the period. Finally, Redwood Investments LLC acquired a new position in shares of At Home Group in the second quarter worth about $17,432,000. 61.44% of the stock is currently owned by hedge funds and other institutional investors.

At Home Group Company Profile

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 décor, holiday accessories, home organization, pillows, pottery, vases, and window treatments.

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Earnings History and Estimates for At Home Group (NYSE:HOME)

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