At Home Group Inc (NYSE:HOME) Sees Significant Decline in Short Interest

At Home Group Inc (NYSE:HOME) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 12,620,000 shares, a decline of 8.2% from the August 30th total of 13,750,000 shares. Based on an average daily trading volume, of 3,430,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 24.1% of the company’s shares are short sold.

A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered their target price on At Home Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Wells Fargo & Co upped their target price on At Home Group from $6.00 to $9.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. ValuEngine raised At Home Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Buckingham Research set a $6.00 target price on At Home Group and gave the stock a “sell” rating in a research report on Tuesday, September 10th. Finally, Bank of America set a $6.00 target price on At Home Group and gave the stock a “sell” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.73.

In other At Home Group news, COO Peter Sg Corsa purchased 6,393 shares of the company’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $7.86 per share, with a total value of $50,248.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Clifford Sosin purchased 209,600 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $4.73 per share, for a total transaction of $991,408.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,492,430 shares of company stock worth $9,732,008. Insiders own 9.25% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new stake in At Home Group during the second quarter worth $241,000. FNY Investment Advisers LLC bought a new stake in At Home Group during the second quarter worth $40,000. First Trust Advisors LP bought a new stake in At Home Group during the second quarter worth $501,000. Cubist Systematic Strategies LLC grew its holdings in At Home Group by 837.8% during the second quarter. Cubist Systematic Strategies LLC now owns 458,171 shares of the financial services provider’s stock worth $3,051,000 after buying an additional 409,317 shares in the last quarter. Finally, TIG Advisors LLC bought a new stake in At Home Group during the second quarter worth $4,129,000. Institutional investors and hedge funds own 68.83% of the company’s stock.

Shares of NYSE:HOME opened at $10.03 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.80 and a debt-to-equity ratio of 1.71. At Home Group has a twelve month low of $4.58 and a twelve month high of $31.50. The stock’s 50 day moving average is $8.54 and its 200-day moving average is $12.19. The firm has a market capitalization of $647.19 million, a price-to-earnings ratio of 13.55, a PEG ratio of 0.84 and a beta of 1.30.

At Home Group (NYSE:HOME) last issued its earnings results on Wednesday, September 4th. The financial services provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. At Home Group had a return on equity of 8.62% and a net margin of 5.12%. The company had revenue of $342.32 million for the quarter, compared to analyst estimates of $343.45 million. Equities research analysts anticipate that At Home Group will post 0.69 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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