At Home Group (NYSE:HOME) Stock Rating Upgraded by Bank of America

At Home Group (NYSE:HOME) was upgraded by analysts at Bank of America from an “underperform” rating to a “buy” rating in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a $16.50 price target on the financial services provider’s stock, up from their previous price target of $5.00. Bank of America‘s price objective would indicate a potential upside of 32.85% from the company’s current price.

A number of other research analysts have also recently issued reports on HOME. ValuEngine cut At Home Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Loop Capital boosted their target price on At Home Group from $3.00 to $7.00 and gave the company a “hold” rating in a research note on Friday, June 19th. Jefferies Financial Group boosted their price target on At Home Group from $7.00 to $11.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Co restated a “hold” rating on shares of At Home Group in a report on Thursday, June 18th. Finally, Morgan Stanley boosted their price target on At Home Group from $2.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, June 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.19.

NYSE:HOME traded down $0.18 on Friday, reaching $12.42. The company’s stock had a trading volume of 5,629,173 shares, compared to its average volume of 3,848,199. At Home Group has a 1-year low of $1.20 and a 1-year high of $13.54. The company has a debt-to-equity ratio of 6.32, a quick ratio of 0.17 and a current ratio of 0.82. The firm has a market cap of $797.22 million, a PE ratio of -1.35 and a beta of 2.30. The business’s 50-day moving average price is $7.11 and its two-hundred day moving average price is $4.88.

At Home Group (NYSE:HOME) last posted its earnings results on Thursday, June 18th. The financial services provider reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.19). At Home Group had a negative net margin of 47.03% and a negative return on equity of 0.66%. The business had revenue of $189.85 million during the quarter, compared to analyst estimates of $194.15 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The firm’s revenue was down 38.0% on a year-over-year basis. As a group, sell-side analysts expect that At Home Group will post -0.11 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOME. Credit Suisse AG increased its position in At Home Group by 109.8% during the fourth quarter. Credit Suisse AG now owns 64,764 shares of the financial services provider’s stock worth $356,000 after buying an additional 33,897 shares during the last quarter. Bank of New York Mellon Corp increased its position in At Home Group by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 405,008 shares of the financial services provider’s stock worth $2,227,000 after buying an additional 188,614 shares during the last quarter. Bank of America Corp DE increased its position in At Home Group by 47.2% during the fourth quarter. Bank of America Corp DE now owns 135,761 shares of the financial services provider’s stock worth $747,000 after buying an additional 43,545 shares during the last quarter. AQR Capital Management LLC acquired a new position in At Home Group during the fourth quarter worth approximately $246,000. Finally, Cubist Systematic Strategies LLC increased its position in At Home Group by 126.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 69,600 shares of the financial services provider’s stock worth $383,000 after buying an additional 38,859 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

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 d├ęcors, holiday accessories, home organization products, pillows, pottery, vases, and window treatments.

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Analyst Recommendations for At Home Group (NYSE:HOME)

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