At Home Group Inc (HOME) Trading 4% Higher Following Insider Buying Activity
At Home Group Inc (NASDAQ:HOME)’s share price shot up 4% during trading on Wednesday following insider buying activity. The company traded as high as $14.81 and last traded at $14.57, with a volume of 170,484 shares changing hands. The stock had previously closed at $14.01.
Specifically, Director Philip L. Francis purchased 37,000 shares of the stock in a transaction on Friday, September 16th. The stock was bought at an average price of $12.88 per share, for a total transaction of $476,560.00. Following the acquisition, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $85,870.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry D. Stone purchased 7,165 shares of the stock in a transaction on Tuesday, September 20th. The shares were purchased at an average price of $13.88 per share, with a total value of $99,450.20. The disclosure for this purchase can be found here.
Several analysts have recently weighed in on HOME shares. Guggenheim started coverage on shares of At Home Group in a research report on Monday, August 29th. They set a “neutral” rating for the company. Bank of America Corp. started coverage on shares of At Home Group in a research report on Tuesday, August 30th. They set a “buy” rating for the company. Jefferies Group set a $20.00 price objective on shares of At Home Group and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Morgan Stanley started coverage on shares of At Home Group in a research report on Monday, August 29th. They set an “equal weight” rating and a $17.00 price objective for the company. Finally, Goldman Sachs Group Inc. started coverage on shares of At Home Group in a research report on Monday, August 29th. They set a “neutral” rating and a $17.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.80.
The firm has a market capitalization of $890.40 million and a PE ratio of 0.29. The company’s 50 day moving average is $14.62 and its 200-day moving average is $14.62.
At Home Group (NASDAQ:HOME) last posted its quarterly earnings results on Tuesday, September 13th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business earned $188.40 million during the quarter. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. Analysts forecast that At Home Group Inc will post $0.20 earnings per share for the current year.
About At Home Group
At Home Group Inc is a home decor superstore. The Company’s product offering includes accent furniture, frames, bar stools, garden decor, rugs and mats, bedding and bath products, Halloween decorations, sculptures, beds and mattresses, harvest decorations, silk flowers, candles, home organization, sofas, chairs, kitchenware, stands, Christmas decorations, lamps, storage, consumables, mirrors, tables, Easter decorations, patio, vases, floor plants and trees, pet items, wall art, food preparation items, pillows and cushions, and window treatments.
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