At Home Group (HOME) Trading 7.6% Higher After Insider Buying Activity

At Home Group Inc (NYSE:HOME) shares traded up 7.6% during mid-day trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as $17.97 and last traded at $17.94. 987,383 shares were traded during mid-day trading, an increase of 9% from the average session volume of 903,088 shares. The stock had previously closed at $16.68.

Specifically, Director Philip L. Francis bought 10,883 shares of At Home Group stock in a transaction that occurred on Monday, December 10th. The stock was acquired at an average price of $21.05 per share, for a total transaction of $229,087.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey R. Knudson bought 4,993 shares of At Home Group stock in a transaction that occurred on Monday, December 10th. The stock was bought at an average price of $20.28 per share, with a total value of $101,258.04. The disclosure for this purchase can be found here. Insiders have acquired 29,751 shares of company stock valued at $661,995 over the last 90 days. Corporate insiders own 7.25% of the company’s stock.

HOME has been the subject of several research reports. Goldman Sachs Group upgraded shares of At Home Group from a “neutral” rating to a “buy” rating and reduced their target price for the company from $41.00 to $39.00 in a research note on Monday, October 1st. Bank of America set a $43.00 target price on shares of At Home Group and gave the company a “buy” rating in a research note on Thursday, September 20th. Jefferies Financial Group set a $47.00 target price on shares of At Home Group and gave the company a “buy” rating in a research note on Thursday, August 30th. Wells Fargo & Co reiterated a “buy” rating and issued a $42.00 target price on shares of At Home Group in a research note on Thursday, August 30th. Finally, Buckingham Research reduced their target price on shares of At Home Group from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.44.

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.10 and a current ratio of 0.85. The stock has a market capitalization of $1.06 billion, a PE ratio of 24.11, a PEG ratio of 0.93 and a beta of 1.44.

At Home Group (NYSE:HOME) last posted its quarterly earnings results on Thursday, December 6th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. At Home Group had a net margin of 2.64% and a return on equity of 7.27%. The firm had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.38 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, equities research analysts anticipate that At Home Group Inc will post 0.77 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Zacks Investment Management acquired a new position in At Home Group in the second quarter worth about $805,000. NumerixS Investment Technologies Inc acquired a new stake in shares of At Home Group during the second quarter worth approximately $156,000. Dimensional Fund Advisors LP increased its holdings in shares of At Home Group by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 592,328 shares of the financial services provider’s stock worth $23,190,000 after buying an additional 52,834 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of At Home Group by 1,151.2% during the third quarter. Wells Fargo & Company MN now owns 461,070 shares of the financial services provider’s stock worth $14,538,000 after buying an additional 424,221 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of At Home Group during the second quarter worth approximately $1,771,000. 80.68% of the stock is owned by hedge funds and other institutional investors.

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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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