At Home Group Inc (NYSE:HOME) shares traded down 6.6% on Wednesday . The company traded as low as $8.82 and last traded at $9.17, 2,566,728 shares changed hands during mid-day trading. A decline of 9% from the average session volume of 2,816,339 shares. The stock had previously closed at $9.82.
A number of equities research analysts have recently weighed in on the stock. Buckingham Research set a $6.00 price objective on shares of At Home Group and gave the stock a “sell” rating in a report on Tuesday, September 10th. Monness Crespi & Hardt restated a “buy” rating and issued a $10.00 price objective (down from $30.00) on shares of At Home Group in a report on Friday, June 7th. Jefferies Financial Group lowered their price objective on shares of At Home Group from $25.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, June 6th. TheStreet raised shares of At Home Group from a “d+” rating to a “c-” rating in a research note on Monday. Finally, Gordon Haskett raised shares of At Home Group from a “hold” rating to an “accumulate” rating in a research note on Friday, June 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.73.
The company has a debt-to-equity ratio of 1.71, a current ratio of 0.80 and a quick ratio of 0.07. The firm’s 50 day moving average is $7.69 and its 200 day moving average is $12.82. The company has a market capitalization of $629.25 million, a PE ratio of 12.61, a P/E/G ratio of 0.82 and a beta of 1.30.
In related news, major shareholder Clifford Sosin acquired 209,600 shares of At Home Group stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of $4.73 per share, with a total value of $991,408.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lewis L. Bird III acquired 64,005 shares of At Home Group stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $7.81 per share, for a total transaction of $499,879.05. Following the completion of the transaction, the chief executive officer now owns 33,000 shares in the company, valued at approximately $257,730. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,492,430 shares of company stock worth $9,732,008. 9.25% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new position in At Home Group during the 2nd quarter valued at $241,000. William Blair Investment Management LLC increased its position in At Home Group by 25.1% during the 1st quarter. William Blair Investment Management LLC now owns 519,816 shares of the financial services provider’s stock valued at $9,284,000 after purchasing an additional 104,177 shares during the period. FNY Investment Advisers LLC purchased a new position in At Home Group during the 2nd quarter valued at $40,000. First Trust Advisors LP purchased a new position in At Home Group during the 2nd quarter valued at $501,000. Finally, TIG Advisors LLC purchased a new position in At Home Group during the 2nd quarter valued at $4,129,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.
About At Home Group (NYSE:HOME)
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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