Morgan Stanley Raises At Home Group (NYSE:HOME) Price Target to $18.00

At Home Group (NYSE:HOME) had its price target increased by Morgan Stanley from $12.00 to $18.00 in a report issued on Monday, The Fly reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company reiterated a hold rating on shares of At Home Group in a research note on Thursday, June 18th. Zacks Investment Research lowered At Home Group from a hold rating to a sell rating and set a $5.00 target price for the company. in a research note on Thursday, May 21st. Monness Crespi & Hardt upgraded At Home Group from a neutral rating to a buy rating and set a $20.00 target price for the company in a research note on Tuesday, September 8th. BofA Securities upgraded At Home Group from an underperform rating to a buy rating and increased their target price for the company from $5.00 to $16.50 in a research note on Friday, July 31st. Finally, Bank of America upgraded At Home Group from an underperform rating to a buy rating and increased their target price for the company from $5.00 to $16.50 in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. At Home Group has a consensus rating of Hold and an average price target of $12.88.

Shares of NYSE:HOME opened at $15.03 on Monday. The firm has a market capitalization of $965.98 million, a PE ratio of -1.89, a P/E/G ratio of 0.23 and a beta of 2.92. The company has a debt-to-equity ratio of 4.91, a current ratio of 1.21 and a quick ratio of 0.19. The business has a 50-day moving average of $16.06 and a two-hundred day moving average of $7.30. At Home Group has a 12 month low of $1.20 and a 12 month high of $23.92.

At Home Group (NYSE:HOME) last announced its quarterly earnings results on Tuesday, September 1st. The financial services provider reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The company had revenue of $515.24 million during the quarter, compared to analyst estimates of $515.00 million. At Home Group had a positive return on equity of 14.74% and a negative net margin of 35.75%. The firm’s revenue was up 50.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, research analysts anticipate that At Home Group will post 1.65 earnings per share for the current year.

In other At Home Group news, insider Norman E. Mcleod sold 192,436 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $22.00, for a total transaction of $4,233,592.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Ashley F. Sheetz sold 35,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $22.44, for a total value of $785,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 283,332 shares of company stock worth $6,136,912. 6.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. lifted its holdings in shares of At Home Group by 4.1% in the 2nd quarter. American International Group Inc. now owns 29,373 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 1,155 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of At Home Group by 19.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 16,350 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 2,645 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of At Home Group by 68.8% in the 1st quarter. Citigroup Inc. now owns 16,589 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 6,760 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of At Home Group by 38.4% in the 1st quarter. Royal Bank of Canada now owns 25,946 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 7,201 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of At Home Group by 51.5% in the 2nd quarter. UBS Group AG now owns 23,477 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 7,982 shares during the last quarter. 78.44% of the stock is currently owned by institutional investors and hedge funds.

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 d├ęcors, holiday accessories, home organization products, pillows, pottery, vases, and window treatments.

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The Fly

Analyst Recommendations for At Home Group (NYSE:HOME)

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