At Home Group Target of Unusually Large Options Trading (NYSE:HOME)

At Home Group Inc (NYSE:HOME) was the target of some unusual options trading on Thursday. Investors acquired 36,740 call options on the stock. This represents an increase of approximately 1,309% compared to the average daily volume of 2,608 call options.

Several equities research analysts have recently commented on the company. Buckingham Research reduced their target price on At Home Group from $28.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, March 28th. ValuEngine lowered At Home Group from a “hold” rating to a “sell” rating in a report on Monday, June 3rd. Bank of America lowered At Home Group from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $24.00 to $8.00 in a report on Thursday, June 6th. Morgan Stanley lowered At Home Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $30.00 to $8.00 in a report on Monday, June 10th. Finally, Gordon Haskett upgraded At Home Group from a “hold” rating to an “accumulate” rating in a research report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.67.

Several institutional investors have recently modified their holdings of HOME. Bank of New York Mellon Corp raised its holdings in At Home Group by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 316,511 shares of the financial services provider’s stock worth $9,980,000 after acquiring an additional 15,573 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of At Home Group by 268.0% in the third quarter. Legal & General Group Plc now owns 15,864 shares of the financial services provider’s stock valued at $500,000 after buying an additional 11,553 shares during the period. Morgan Stanley lifted its stake in At Home Group by 57.9% during the third quarter. Morgan Stanley now owns 300,526 shares of the financial services provider’s stock worth $9,476,000 after purchasing an additional 110,141 shares during the last quarter. 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 acquiring an additional 1,866 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in shares of At Home Group by 4.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 315,835 shares of the financial services provider’s stock valued at $5,893,000 after acquiring an additional 14,425 shares during the last quarter. Institutional investors own 88.60% of the company’s stock.

HOME stock traded down $0.08 during midday trading on Friday, hitting $6.66. 6,249,254 shares of the company’s stock were exchanged, compared to its average volume of 6,508,587. The stock’s fifty day moving average is $14.72. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.06 and a current ratio of 0.82. The company has a market cap of $426.51 million, a P/E ratio of 9.00, a PEG ratio of 0.65 and a beta of 2.47. At Home Group has a one year low of $6.37 and a one year high of $40.97.

At Home Group (NYSE:HOME) last posted its earnings results on Thursday, June 6th. The financial services provider reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $306.30 million for the quarter, compared to analyst estimates of $305.43 million. At Home Group had a return on equity of 6.17% and a net margin of 3.66%. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, analysts predict that At Home Group will post 0.59 earnings per share for the current fiscal year.

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.

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