At Home Group Inc (HOME) Expected to Post Quarterly Sales of $265.48 Million

Brokerages expect At Home Group Inc (NYSE:HOME) to report $265.48 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for At Home Group’s earnings. The lowest sales estimate is $265.00 million and the highest is $266.50 million. At Home Group reported sales of $212.95 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24.7%. The business is expected to announce its next earnings report on Wednesday, December 5th.

On average, analysts expect that At Home Group will report full year sales of $1.17 billion for the current fiscal year, with estimates ranging from $1.16 billion to $1.17 billion. For the next year, analysts expect that the firm will report sales of $1.42 billion, with estimates ranging from $1.41 billion to $1.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow At Home Group.

At Home Group (NYSE:HOME) last announced its quarterly earnings data on Wednesday, August 29th. The financial services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. At Home Group had a net margin of 1.95% and a return on equity of 6.26%. The firm had revenue of $288.50 million during the quarter, compared to analysts’ expectations of $286.50 million. During the same quarter last year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year.

Several brokerages recently commented on HOME. Zacks Investment Research upgraded shares of At Home Group from a “strong sell” rating to a “hold” rating and set a $30.00 price objective for the company in a research note on Wednesday, October 31st. ValuEngine cut shares of At Home Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Jefferies Financial Group set a $47.00 price objective on shares of At Home Group and gave the company a “buy” rating in a research note on Thursday, August 30th. Bank of America set a $43.00 price objective on shares of At Home Group and gave the company a “buy” rating in a research note on Thursday, September 20th. Finally, Wells Fargo & Co restated a “buy” rating and set a $42.00 target price on shares of At Home Group in a report on Thursday, August 30th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. At Home Group has a consensus rating of “Buy” and a consensus price target of $40.80.

In other news, CEO Lewis L. Bird III sold 60,870 shares of At Home Group stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $35.00, for a total transaction of $2,130,450.00. Following the completion of the sale, the chief executive officer now directly owns 73,870 shares in the company, valued at $2,585,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lewis L. Bird III sold 30,435 shares of At Home Group stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $37.13, for a total transaction of $1,130,051.55. Following the sale, the chief executive officer now owns 43,435 shares of the company’s stock, valued at $1,612,741.55. The disclosure for this sale can be found here. Insiders have sold a total of 4,737,368 shares of company stock valued at $157,218,898 over the last 90 days. 7.25% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Asset Management Inc. purchased a new stake in At Home Group in the third quarter valued at approximately $48,414,000. Swiss National Bank grew its holdings in At Home Group by 29.1% in the third quarter. Swiss National Bank now owns 79,000 shares of the financial services provider’s stock valued at $2,491,000 after purchasing an additional 17,800 shares during the period. Rhumbline Advisers grew its holdings in At Home Group by 50.0% in the third quarter. Rhumbline Advisers now owns 37,652 shares of the financial services provider’s stock valued at $1,187,000 after purchasing an additional 12,547 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in At Home Group by 33.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,963 shares of the financial services provider’s stock valued at $945,000 after purchasing an additional 7,440 shares during the period. Finally, American Century Companies Inc. grew its holdings in At Home Group by 119.9% in the third quarter. American Century Companies Inc. now owns 247,781 shares of the financial services provider’s stock valued at $7,813,000 after purchasing an additional 135,125 shares during the period. Institutional investors and hedge funds own 61.61% of the company’s stock.

Shares of NYSE HOME opened at $28.79 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.89 and a debt-to-equity ratio of 0.48. At Home Group has a 52 week low of $20.58 and a 52 week high of $40.97. The stock has a market capitalization of $1.87 billion, a P/E ratio of 37.88, a P/E/G ratio of 1.58 and a beta of 1.44.

At Home Group Company Profile

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 décor, holiday accessories, home organization, pillows, pottery, vases, and window treatments.

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Earnings History and Estimates for At Home Group (NYSE:HOME)

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