Bank of America Downgrades At Home Group (NYSE:HOME) to Underperform

Bank of America cut shares of At Home Group (NYSE:HOME) from a buy rating to an underperform rating in a report published on Thursday, June 6th, Briefing.com Automated Import reports. They currently have $8.00 price objective on the financial services provider’s stock, down from their previous price objective of $24.00.

Other equities research analysts have also recently issued research reports about the stock. 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. Berenberg Bank initiated 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. 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. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. At Home Group currently has an average rating of Hold and a consensus target price of $17.67.

HOME stock opened at $6.63 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.06 and a debt-to-equity ratio of 1.67. At Home Group has a one year low of $6.37 and a one year high of $40.97. The stock has a market cap of $431.63 million, a PE ratio of 8.96, a PEG ratio of 0.64 and a beta of 2.47. The business has a 50 day moving average of $14.72.

At Home Group (NYSE:HOME) last released its quarterly earnings results on Thursday, June 6th. The financial services provider reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. At Home Group had a net margin of 3.66% and a return on equity of 6.17%. The business had revenue of $306.30 million during the quarter, compared to analysts’ expectations of $305.43 million. During the same quarter in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, sell-side analysts forecast that At Home Group will post 0.59 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in HOME. Advisory Services Network LLC boosted its holdings in shares of 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 acquiring an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 acquiring an additional 1,866 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of At Home Group by 321.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,898 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 4,498 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of At Home Group by 1,116.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,107 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 9,276 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of At Home Group during the 4th quarter valued at about $246,000. 88.60% of the stock is currently owned by institutional investors.

About At Home Group

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.

Featured Story: What are the Benefits of Index Funds?

Analyst Recommendations for At Home Group (NYSE:HOME)

Receive News & Ratings for At Home Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for At Home Group and related companies with MarketBeat.com's FREE daily email newsletter.