At Home Group (HOME) Shares Up 8.2%

At Home Group Inc (NYSE:HOME)’s share price shot up 8.2% during trading on Wednesday . The company traded as high as $23.84 and last traded at $22.30. 5,924,464 shares changed hands during mid-day trading, an increase of 276% from the average session volume of 1,576,516 shares. The stock had previously closed at $20.61.

A number of brokerages have recently issued reports on HOME. Berenberg Bank began coverage on shares of At Home Group in a research note on Thursday, May 9th. They issued a “buy” rating and a $30.00 price objective for the company. Loop Capital cut their price objective on shares of At Home Group to $19.00 and set an “in-line” rating for the company in a research note on Thursday, March 28th. Zacks Investment Research raised shares of At Home Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $27.00 price objective on shares of At Home Group in a research note on Friday, March 15th. Finally, Morgan Stanley set a $30.00 price objective on shares of At Home Group and gave the company a “buy” rating in a research note on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. At Home Group has an average rating of “Buy” and a consensus price target of $29.42.

The company has a market cap of $1.27 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.09 and a beta of 2.41. The company has a current ratio of 0.88, a quick ratio of 0.07 and a debt-to-equity ratio of 0.52.

At Home Group (NYSE:HOME) last announced its quarterly earnings results on Wednesday, March 27th. The financial services provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). The firm had revenue of $354.07 million for the quarter, compared to analysts’ expectations of $351.72 million. At Home Group had a net margin of 4.20% and a return on equity of 7.40%. The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. On average, analysts predict that At Home Group Inc will post 0.99 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its position in At Home Group by 4.9% during the 1st quarter. Citigroup Inc. now owns 15,590 shares of the financial services provider’s stock valued at $279,000 after buying an additional 735 shares during the period. Advisory Services Network LLC boosted its position in At Home Group by 80.0% during the 4th quarter. Advisory Services Network LLC now owns 1,800 shares of the financial services provider’s stock valued at $34,000 after buying an additional 800 shares during the period. Macquarie Group Ltd. boosted its position in At Home Group by 2.7% during the 4th quarter. Macquarie Group Ltd. now owns 64,587 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 1,680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in At Home Group by 104.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,657 shares of the financial services provider’s stock valued at $68,000 after buying an additional 1,866 shares during the period. Finally, Boston Advisors LLC boosted its position in At Home Group by 8.7% during the 4th quarter. Boston Advisors LLC now owns 31,310 shares of the financial services provider’s stock valued at $584,000 after buying an additional 2,505 shares during the period. 84.39% of the stock is owned by institutional investors and hedge funds.

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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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