Morgan Stanley upgraded shares of At Home Group (NYSE:HOME) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday, MarketBeat.com reports. Morgan Stanley currently has $47.00 price target on the financial services provider’s stock, up from their previous price target of $35.00.
A number of other brokerages have also recently commented on HOME. ValuEngine upgraded shares of At Home Group from a buy rating to a strong-buy rating in a research report on Friday, May 4th. Zacks Investment Research raised shares of At Home Group from a hold rating to a buy rating and set a $39.00 price target on the stock in a report on Wednesday, April 18th. KeyCorp reissued an overweight rating and issued a $42.00 price target (up previously from $35.00) on shares of At Home Group in a report on Tuesday, May 8th. Bank of America raised their price target on shares of At Home Group from $37.00 to $43.00 and gave the stock a buy rating in a report on Friday, June 8th. Finally, Wells Fargo & Co initiated coverage on shares of At Home Group in a report on Monday, April 23rd. They issued an outperform rating and a $42.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. At Home Group has an average rating of Buy and an average target price of $38.36.
Shares of At Home Group opened at $39.34 on Tuesday, MarketBeat.com reports. The firm has a market capitalization of $2.29 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.63. At Home Group has a 52 week low of $20.07 and a 52 week high of $40.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.09 and a current ratio of 0.86.
At Home Group (NYSE:HOME) last issued its earnings results on Thursday, June 7th. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $256.20 million for the quarter, compared to analysts’ expectations of $256.47 million. At Home Group had a net margin of 4.03% and a return on equity of 10.15%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. equities analysts forecast that At Home Group will post 1.24 earnings per share for the current fiscal year.
In other news, major shareholder Investors Lp Aea sold 4,569,909 shares of At Home Group stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $37.81, for a total transaction of $172,788,259.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alissa M. Ahlman sold 10,234 shares of At Home Group stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $33.87, for a total transaction of $346,625.58. The disclosure for this sale can be found here. In the last three months, insiders sold 16,139,178 shares of company stock worth $545,419,120. Insiders own 7.25% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in HOME. Victory Capital Management Inc. boosted its stake in shares of At Home Group by 34,635.6% during the 1st quarter. Victory Capital Management Inc. now owns 798,572 shares of the financial services provider’s stock valued at $25,586,000 after purchasing an additional 796,273 shares in the last quarter. Shellback Capital LP bought a new stake in shares of At Home Group during the 4th quarter valued at about $18,264,000. Lord Abbett & CO. LLC boosted its stake in shares of At Home Group by 44.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,541,651 shares of the financial services provider’s stock valued at $49,395,000 after purchasing an additional 473,780 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of At Home Group during the 1st quarter valued at about $12,766,000. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of At Home Group during the 1st quarter valued at about $12,157,000. 44.72% 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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