At Home Group Inc (HOME) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of At Home Group Inc (NASDAQ:HOME) from a hold rating to a sell rating in a report published on Tuesday morning.

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. “

Other research analysts have also recently issued research reports about the company. Jefferies Group LLC upped their price target on At Home Group from $20.00 to $24.00 and gave the company a buy rating in a research report on Friday, June 9th. Guggenheim upped their price target on At Home Group from $19.00 to $23.00 and gave the company a buy rating in a research report on Thursday, June 8th. SunTrust Banks, Inc. initiated coverage on At Home Group in a research report on Thursday, July 6th. They set a buy rating and a $28.00 price target on the stock. Bank of America Corporation upped their price target on At Home Group from $18.50 to $24.50 and gave the company a buy rating in a research report on Friday, June 9th. Finally, Morgan Stanley upped their price target on At Home Group from $17.00 to $20.00 and gave the company an equal weight rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $22.79.

Shares of At Home Group (NASDAQ:HOME) traded down 0.90% during midday trading on Tuesday, reaching $23.14. The company’s stock had a trading volume of 66,414 shares. At Home Group has a one year low of $10.19 and a one year high of $26.40. The firm has a 50-day moving average of $22.35 and a 200-day moving average of $17.61. The stock has a market cap of $1.40 billion and a PE ratio of 45.91.

At Home Group (NASDAQ:HOME) last issued its quarterly earnings results on Wednesday, June 7th. The financial services provider reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. At Home Group had a return on equity of 7.44% and a net margin of 4.74%. The firm had revenue of $211.84 million for the quarter, compared to analysts’ expectations of $208.90 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts forecast that At Home Group will post $0.75 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of At Home Group during the first quarter worth about $1,560,000. Point72 Asset Management L.P. boosted its stake in shares of At Home Group by 137.1% in the first quarter. Point72 Asset Management L.P. now owns 918,000 shares of the financial services provider’s stock worth $13,917,000 after buying an additional 530,774 shares during the period. Scopus Asset Management L.P. bought a new stake in shares of At Home Group during the first quarter worth about $2,964,000. Bank of America Corp DE boosted its stake in shares of At Home Group by 864.5% in the first quarter. Bank of America Corp DE now owns 70,431 shares of the financial services provider’s stock worth $1,068,000 after buying an additional 63,129 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of At Home Group by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 37,468 shares of the financial services provider’s stock worth $569,000 after buying an additional 2,052 shares during the period.

At Home Group Company Profile

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