Home group (NYSE: HOME) was upgraded by Zacks Investment Research from a “hold” rating to a “strong buy” rating in a research note released to investors Monday, Zacks.com reports. The company currently has a target price of $ 43.00 on shares of the financial services provider. Zacks Investment Research’s target price indicates a potential rise of 15.41% from the company’s previous close.
According to Zacks, “At Home stocks have outperformed the industry so far this year. The uptrend may continue, as the company’s earnings and revenue in the first quarter of fiscal 2022 not only exceeded analysts’ expectations, but also improved significantly from last year. Adjusted operating margin increased 16.8% from the negative level of 27.6% of the year. prior year. Since the first quarter of fiscal 2021, the company has opened eight net stores. Strong demand and the successful execution of the company’s At Home 2.0 strategies, including EDLP + campaigns and category reinventions have been the engine of growth. In particular, the company’s focus on digitizing and reinventing products bodes well. Meanwhile, profit estimates for fiscal 2022 have increased over the past 30 years. last days it Shining the optimism of analysts about the growth of its results. potential.”
Several other analysts also recently commented on the stock. Monness Crespi & Hardt reissued a “neutral” rating on At Home Group shares in a research report on Monday May 17th. TheStreet downgraded At Home Group stock from a “d” to a “c” note in a Tuesday March 23 research note. Wells Fargo & Company raised its target price on At Home Group shares from $ 30.00 to $ 37.00 in a research note on Thursday, May 6. Loop Capital raised its target price on At Home Group shares from $ 20.00 to $ 27.00 and gave the company a “custody” rating in a research note on Thursday, March 25. Finally, Compass Point reaffirmed a “neutral” rating on At Home Group shares in a research note on Monday, May 17th. Seven research analysts rated the stock with a conservation rating, two issued a buy rating and one gave the company a strong buy rating. The stock currently has a consensus rating of “Hold” and an average target price of $ 27.94.
HOME stock traded up $ 0.16 in Monday’s session, reaching $ 37.26. 3,918 shares of the stock traded for an average volume of 1,937,970. At Home Group has a low of $ 5.47 over 1 year and a high of $ 38.06 over 1 year. The stock has a 50-day simple moving average of $ 32.71. The stock has a market cap of $ 2.44 billion, a PE ratio of 9.34, a price / earnings-growth ratio of 0.60, and a beta of 2.53. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt ratio of 0.65.
At Home Group (NYSE: HOME) last announced its quarterly earnings data on Tuesday, June 1. The financial services provider reported EPS of $ 0.87 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.60 of $ 0.27. At Home Group had a net margin of 12.74% and a return on equity of 66.86%. The company posted revenue of $ 537.10 million for the quarter, compared to a consensus estimate of $ 466.74 million. During the same period of the previous year, the company posted ($ 0.61) EPS. At Home Group revenue for the quarter increased 183.0% year-over-year. As a group, equity research analysts expect At Home Group to post EPS of 1.68 for the current fiscal year.
In other At Home Group news, COO Peter Sg Corsa sold 1,002 shares of the company in a transaction that took place on Monday, April 5. The shares were sold at an average price of $ 27.96, for a total trade of $ 28,015.92. As a result of the sale, the COO now owns 13,903 shares of the company, valued at approximately $ 388,727.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Additionally, CAO Laura L. Bracken sold 2,906 shares of the company in a transaction that took place on Thursday, April 1. The stock was sold for an average price of $ 29, for a total trade of $ 84,274.00. Insiders sold a total of 106,796 shares of the company valued at $ 3,232,880 during the last quarter. Company insiders own 5.90% of the company’s shares.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Ziegler Capital Management LLC purchased a new stake in At Home Group during the 4th quarter for a value of approximately $ 1,166,000. Landscape Capital Management LLC increased its stake in At Home Group by 99.4% during the 1st quarter. Landscape Capital Management LLC now owns 102,748 shares of the financial services provider valued at $ 2,949,000 after acquiring an additional 51,226 shares during the period. Orion Capital Management LLC purchased a new stake in At Home Group during the 4th quarter for a value of approximately $ 501,000. Virginia Retirement Systems ET AL acquired a new stake in At Home Group during the 1st quarter for a value of approximately $ 465,000. Finally, Schroder Investment Management Group increased its stake in At Home Group by 69.0% in the 4th quarter. Schroder Investment Management Group now owns 106,858 shares of the financial services provider valued at $ 1,652,000 after purchasing an additional 43,615 shares in the last quarter. Institutional investors hold 89.50% of the company’s shares.
About the home group
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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