At Home Group (HOME) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

At Home Group (NYSE:HOME) released its quarterly earnings data on Thursday. The financial services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03, Bloomberg Earnings reports. At Home Group had a net margin of 1.95% and a return on equity of 6.26%. The firm had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $265.38 million. During the same period in the previous year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 25.4% on a year-over-year basis.

HOME stock opened at $23.81 on Thursday. At Home Group has a 52 week low of $24.30 and a 52 week high of $40.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.89 and a quick ratio of 0.08. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44.

In other At Home Group news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $33.11, for a total transaction of $152,035,292.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip L. Francis acquired 10,000 shares of the stock in a transaction on Wednesday, October 24th. The shares were acquired at an average price of $26.50 per share, with a total value of $265,000.00. The disclosure for this purchase can be found here. Insiders have sold 4,597,008 shares of company stock valued at $152,207,453 in the last quarter. 7.25% of the stock is owned by company insiders.



A number of hedge funds have recently added to or reduced their stakes in HOME. US Bancorp DE lifted its holdings in shares of At Home Group by 116.1% in the 2nd quarter. US Bancorp DE now owns 3,015 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 1,620 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of At Home Group in the 2nd quarter worth about $156,000. Legal & General Group Plc lifted its holdings in shares of At Home Group by 123.8% in the 2nd quarter. Legal & General Group Plc now owns 4,311 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 2,385 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of At Home Group by 56.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,980 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 1,795 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in shares of At Home Group in the 2nd quarter worth about $247,000. Institutional investors and hedge funds own 80.80% of the company’s stock.

HOME has been the subject of a number of research reports. Zacks Investment Research cut shares of At Home Group from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Jefferies Financial Group began coverage on shares of At Home Group in a research report on Tuesday, August 21st. They set a “buy” rating and a $45.00 target price for the company. TheStreet lowered shares of At Home Group from a “b-” rating to a “c+” rating in a research report on Tuesday, September 4th. Buckingham Research dropped their target price on shares of At Home Group from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Finally, Bank of America set a $43.00 target price on shares of At Home Group and gave the stock a “buy” rating in a research report on Thursday, September 20th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.20.

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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.

Further Reading: Analyst Ratings

Earnings History for At Home Group (NYSE:HOME)

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