The shares of At Home Group Inc. (NYSE: HOME) have achieved a consensus rating of “Hold” from the eleven rating companies that currently hedge the stock, reports MarketBeat. Six investment analysts rated the stock with a hold recommendation, two issued a buy recommendation and one issued a strong buy recommendation on the company. The twelve-month average target price among brokers who updated their stock coverage in the past year is $ 27.31.
A number of analysts have recently weighed in on HOME shares. Craig Hallum reissued a “hold” note and issued a target price of $ 36.00 on At Home Group shares in a research note on Thursday, May 13. Morgan Stanley raised its price target for At Home Group shares from $ 23.00 to $ 30.00 and gave the stock an “equal weight” rating in a Friday March 26 research note. Zacks Investment Research downgraded At Home Group shares from a “hold” rating to a “strong buy” rating and set a price target of $ 43.00 on the stock in a research note on Monday June 7. Loop Capital raised its price target on At Home Group shares from $ 20.00 to $ 27.00 and gave the company a “hold” rating in a report released on Thursday, March 25. Finally, Compass Point reaffirmed a “neutral” rating on At Home Group shares in a report released on Monday, May 17th.
HOME shares opened at $ 36.82 on Tuesday. The company’s 50-day moving average is $ 36.14. The company has a market cap of $ 2.41 billion, a price / earnings ratio of 9.23, a P / E / G ratio of 0.55, and a beta of 2.52. The company has a leverage ratio of 0.56, a current ratio of 1.43, and a quick ratio of 0.47. At Home Group has a minimum of $ 5.47 over 52 weeks and a maximum of $ 38.06 over 52 weeks.
At Home Group (NYSE: HOME) last released its results on Tuesday, June 1. The financial services provider reported earnings of $ 0.87 per share for the quarter, beating the Zacks’ consensus estimate of $ 0.60 by $ 0.27. The company posted revenue of $ 537.10 million for the quarter, compared to $ 466.74 million expected by analysts. At Home Group had a net margin of 12.74% and a return on equity of 61.69%. The company’s revenue for the quarter increased 183.0% year-over-year. In the same quarter of the previous year, the company posted ($ 0.61) earnings per share. Equity research analysts predict that At Home Group will post 1.8 earnings per share for the current year.
Separately, CFO Jeffrey R. Knudson sold 22,871 shares of the company in a trade on Thursday, May 6. The shares were sold for an average price of $ 35, for a total value of $ 800,485.00. Following the closing of the transaction, the CFO now owns 43,132 shares of the company, valued at $ 1,509,620. The transaction was disclosed in a legal file with the SEC, accessible through the SEC’s website. Additionally, CAD Laura L. Bracken sold 7,500 shares of the company in a trade on Tuesday, June 22. The shares were sold at an average price of $ 36.84, for a total trade of $ 276,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,202 shares of the company, valued at approximately $ 339,001.68. Disclosure of this sale can be found here. During the last quarter, insiders sold 30,594 shares of the company valued at $ 1,085,156. Company insiders own 5.90% of the company’s shares.
A number of institutional investors have recently increased or reduced their holdings in the stock. Harbor Investment Advisory LLC purchased a new position in At Home Group shares in Q1 valued at approximately $ 27,000. Captrust Financial Advisors purchased a new position in At Home Group shares in Q1 valued at approximately $ 28,000. Harvest Fund Management Co. Ltd. acquired a new equity stake in At Home Group during the 1st quarter valued at approximately $ 46,000. UBS Group AG increased its stake in At Home Group by 82.1% in the 1st quarter. UBS Group AG now owns 3,635 shares of the financial services provider valued at $ 104,000 after purchasing an additional 1,639 shares in the last quarter. Finally, the Public Employees Retirement System of Ohio increased its stake in At Home Group by 12.6% in the 4th quarter. The Ohio Public Employee Retirement System now owns 4,277 shares of the financial services provider worth $ 66,000 after purchasing an additional 477 shares in the last quarter. 89.56% of the shares are held by institutional investors and hedge funds.
At Home Group Company Profile
At Home Group Inc operates interior design hypermarkets in the United States. The company’s stores carry home furnishings including accent furniture, furniture, mirrors, patio cushions, rugs and wall art; and accent decorations, such as artificial flowers and trees, bathroom, bedding, candles, garden and outdoor decorations, vacation accessories, home organization, pillows, pottery, vases and window treatments.
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Like any group of travel and tourism-related stocks, hotel stocks saw a sharp decline in share prices in 2020. The leisure and hospitality sector, which once had 15 million employees, lost 4 million dollars. ‘jobs since February.
Many large cities will feel the ripple effects of the Covid-19 pandemic for years to come. However, there is ample evidence that the pandemic could be coming to an end. The number of new cases is dropping. The number of people vaccinated is increasing. And even in cities where mitigation measures are the most restrictive, the slow process of reopening begins.
All of this cannot come quickly enough for people who depend on the travel and tourism industry for their livelihood. The hotel chains had at least some revenue to come. And at the end of the earnings season, the most budget hotel chains could achieve revenues equal to 75% of their 2019 figures. But that is not enough to bring hotels to a level close to full employment. Especially with hotels that have bars and restaurants that have remained closed or open to limited capacity.
Many economists are optimistic that travel may start to look more normal by the summer of this year. And the global economy could generate 6.4% GDP growth this year. With this in mind, hotel chains with the best fundamentals and the largest footprint will be in the best position when the economy reopens.
Consult the “7 stocks of hotels that are just waiting for the vaccine”.