At Home Group (HOME) Announces Quarterly Earnings Results

At Home Group (NYSE:HOME) issued its quarterly earnings results on Thursday. The financial services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03, Fidelity Earnings reports. At Home Group had a net margin of 2.64% and a return on equity of 7.43%. The firm had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.38 million. During the same period in the previous year, the business earned $0.07 earnings per share. At Home Group’s revenue for the quarter was up 25.4% compared to the same quarter last year.

NYSE HOME opened at $20.41 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.89. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.34 and a beta of 1.44. At Home Group has a 1 year low of $20.20 and a 1 year high of $40.97.

In other At Home Group news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $33.11, for a total transaction of $152,035,292.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Norman E. Mcleod sold 2,592 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $33.18, for a total value of $86,002.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,597,008 shares of company stock worth $152,207,453. Corporate insiders own 7.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in At Home Group by 85.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,644,307 shares of the financial services provider’s stock worth $114,905,000 after buying an additional 1,676,694 shares during the period. BlackRock Inc. raised its holdings in At Home Group by 50.8% during the 3rd quarter. BlackRock Inc. now owns 2,602,401 shares of the financial services provider’s stock worth $82,053,000 after buying an additional 876,101 shares during the period. Victory Capital Management Inc. raised its holdings in At Home Group by 35.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,321,931 shares of the financial services provider’s stock worth $73,211,000 after buying an additional 612,710 shares during the period. FMR LLC raised its holdings in At Home Group by 21,066.0% during the 3rd quarter. FMR LLC now owns 2,222,425 shares of the financial services provider’s stock worth $70,074,000 after buying an additional 2,211,925 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in At Home Group during the 3rd quarter worth about $48,414,000. Hedge funds and other institutional investors own 80.80% of the company’s stock.

HOME has been the topic of several research reports. Goldman Sachs Group upgraded shares of At Home Group from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $41.00 to $39.00 in a research report on Monday, October 1st. Bank of America set a $43.00 price target on shares of At Home Group and gave the stock a “buy” rating in a research report on Thursday, September 20th. Jefferies Financial Group set a $47.00 price target on shares of At Home Group and gave the stock a “buy” rating in a research report on Thursday, August 30th. Wells Fargo & Co reiterated a “buy” rating and issued a $42.00 price target on shares of At Home Group in a research report on Thursday, August 30th. Finally, Buckingham Research dropped their price target on shares of At Home Group from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.60.

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

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Earnings History for At Home Group (NYSE:HOME)

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