Brokerages Anticipate At Home Group Inc (HOME) Will Post Quarterly Sales of $352.18 Million

Equities analysts expect At Home Group Inc (NYSE:HOME) to announce $352.18 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for At Home Group’s earnings, with estimates ranging from $352.00 million to $352.40 million. At Home Group posted sales of $293.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.9%. The business is scheduled to issue its next earnings results on Thursday, March 28th.

On average, analysts expect that At Home Group will report full year sales of $1.16 billion for the current financial year. For the next fiscal year, analysts forecast that the firm will post sales of $1.40 billion, with estimates ranging from $1.37 billion to $1.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover At Home Group.

At Home Group (NYSE:HOME) last issued its earnings results on Thursday, December 6th. The financial services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.38 million. At Home Group had a return on equity of 7.27% and a net margin of 2.64%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded At Home Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. ValuEngine downgraded shares of At Home Group from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. KeyCorp dropped their price objective on shares of At Home Group from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, December 7th. Gordon Haskett assumed coverage on shares of At Home Group in a report on Thursday, January 31st. They issued a “hold” rating and a $22.00 price objective on the stock. Finally, Wells Fargo & Co dropped their price objective on shares of At Home Group from $42.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. At Home Group currently has a consensus rating of “Buy” and a consensus target price of $31.80.

HOME stock opened at $22.36 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 1.11 and a beta of 2.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.85 and a quick ratio of 0.10. At Home Group has a 52-week low of $15.89 and a 52-week high of $40.97.

In other news, Director Philip L. Francis bought 10,883 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average cost of $21.05 per share, for a total transaction of $229,087.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey R. Knudson bought 4,993 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was purchased 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. Over the last quarter, insiders purchased 19,751 shares of company stock valued at $396,995. Company insiders own 7.25% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of At Home Group by 104.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,657 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,866 shares during the period. Legal & General Group Plc raised its position in At Home Group by 123.8% during the second quarter. Legal & General Group Plc now owns 4,311 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 2,385 shares during the period. Glenmede Trust Co. NA raised its position in At Home Group by 56.4% during the third quarter. Glenmede Trust Co. NA now owns 4,980 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 1,795 shares during the period. Raymond James & Associates acquired a new position in At Home Group during the second quarter worth $247,000. Finally, Virtu Financial LLC acquired a new position in At Home Group during the third quarter worth $210,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

At Home Group Company Profile

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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