At Home Group (NYSE:HOME)‘s stock had its “underperform” rating restated by equities research analysts at Buckingham Research in a research note issued on Friday, MarketBeat reports. They currently have a $4.75 price target on the financial services provider’s stock, down from their previous price target of $6.00. Buckingham Research’s price target would indicate a potential downside of 16.23% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. KeyCorp cut their target price on shares of At Home Group from $14.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley reduced their target price on At Home Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. TheStreet upgraded At Home Group from a “d+” rating to a “c-” rating in a research report on Monday, September 30th. William Blair cut At Home Group from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Bank of America set a $6.00 price objective on At Home Group and gave the company a “sell” rating in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.98.
Shares of HOME stock opened at $5.67 on Friday. At Home Group has a 12-month low of $4.58 and a 12-month high of $25.00. The company has a market capitalization of $351.15 million, a P/E ratio of 6.52, a P/E/G ratio of 0.59 and a beta of 1.25. The firm has a 50-day moving average price of $8.84 and a 200 day moving average price of $8.81. The company has a quick ratio of 0.07, a current ratio of 0.80 and a debt-to-equity ratio of 1.71.
In related news, major shareholder Clifford Sosin purchased 270,106 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average cost of $9.91 per share, with a total value of $2,676,750.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lewis L. Bird III purchased 64,005 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $7.81 per share, with a total value of $499,879.05. Following the acquisition, the chief executive officer now owns 33,000 shares of the company’s stock, valued at $257,730. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 375,629 shares of company stock valued at $3,503,358. Insiders own 9.25% of the company’s stock.
A number of hedge funds have recently bought and sold shares of HOME. Vanguard Group Inc. lifted its holdings in At Home Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,103,960 shares of the financial services provider’s stock worth $27,332,000 after buying an additional 79,162 shares in the last quarter. BlackRock Inc. increased its stake in shares of At Home Group by 6.4% in the 2nd quarter. BlackRock Inc. now owns 2,816,592 shares of the financial services provider’s stock valued at $18,758,000 after buying an additional 170,645 shares during the period. Marshall Wace LLP raised its position in shares of At Home Group by 87.1% during the second quarter. Marshall Wace LLP now owns 1,484,406 shares of the financial services provider’s stock worth $9,886,000 after acquiring an additional 691,186 shares during the last quarter. Morgan Stanley raised its position in shares of At Home Group by 48.5% during the second quarter. Morgan Stanley now owns 1,131,531 shares of the financial services provider’s stock worth $7,536,000 after acquiring an additional 369,789 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its position in shares of At Home Group by 26.9% during the second quarter. Hodges Capital Management Inc. now owns 942,895 shares of the financial services provider’s stock worth $6,280,000 after acquiring an additional 200,080 shares during the last quarter. Hedge funds and other institutional investors own 80.62% of the company’s stock.
About At Home Group
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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