BlackRock Fund Advisors recently announced the acquisition of new stake in At Home Group Inc. (NYSE:HOME). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.53% to 3.12 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 4.86% valued currently at $38.73 million. In addition, Brightlight Capital Management LP raised its holdings by 0.69 million to 1.82 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.51% or 7004.0 shares – to 1.37 million shares.
With over 2.37 million At Home Group Inc. (HOME) shares trading Monday and a closing price of $19.11 on the day, the dollar volume was approximately $45.27 million. The shares have shown a positive weekly performance of 1.06% and its price on 08/31/20 gained nearly 2.30%. Currently, there are 64.13M common shares owned by the public and among those 52.50M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for HOME have a consensus price objective of $14.10. The analysts have set the share’s price value over the next 12 months at a high of $19.50 and a low of $11.00 should the stock experience a downside. Incidentally, analysts’ outlook for the At Home Group Inc. stock is 2.80 for the next 12 months. The average price target is -35.53% below its last price level and a downside to the estimated low will see the stock lose -73.73% over that period. But an upside of 2.0% will see the stock hit the forecast high price target while mean target price for the stock is $14.00.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 2,226,916 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 15,654 shares.
The top 3 mutual fund holders in At Home Group Inc. are GMO Special Opportunities Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. GMO Special Opportunities Fund owns 1.55 million shares of the company’s stock, all valued at over $19.25 million. The company sold -0.78 million shares recently to bring their total holdings to about 2.42% of the shares outstanding. iShares Russell 2000 ETF sold 47838.0 shares to bring its total holdings to over 1.02 million shares at a value of $12.68 million. iShares Russell 2000 ETF now owns shares totaling to 1.59% of the shares outstanding.
Shares of At Home Group Inc. (NYSE: HOME) opened at $19.15, up $0.47 from a prior closing price of $18.68. However, the script later closed the day at $19.11, up 2.30%. The company’s stock has a 5-day price change of 1.06% and 278.42% over the past three months. HOME shares are trading 247.45% year to date (YTD), with the 12-month market performance up to 183.53% higher. It has a 12-month low price of $1.20 and touched a high of $19.79 over the same period. Currently, 2.37 million shares have been traded, compared to an average intraday trading volume of 3.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.91%, 71.21%, and 196.06% respectively.
Institutional ownership of At Home Group Inc. (NYSE: HOME) 64.13M shares outstanding. Mutual fund holders own 42.78%, while other institutional holders and individual stakeholders account for 55.62% and 20.95% respectively.
It has a market capitalization of $1.15B and a beta (3y monthly) value of 2.83. The earnings-per-share (ttm) stands at -$9.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.80% over the week and 7.55% over the month.
Analysts forecast that At Home Group Inc. (HOME) will achieve an EPS of $1.31 for the current quarter, $0.24 for the next quarter and $1.25 for 2022. The lowest estimate earnings-per-share for the quarter is $1.25 while analysts give the company a high EPS estimate of $1.49. Comparatively, EPS for the current quarter was $0.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -558.50%, and -13.25% over the next financial year. EPS should shrink at an annualized rate of -14.60% over the next five years, compared to 15.67% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate At Home Group Inc. (HOME) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 8 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HOME, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on July 31, 2020, with the firm’s price target at $5-$16.50. Guggenheim coverage for the At Home Group Inc. (HOME) stock in a research note released on March 25, 2020 offered a Neutral rating with a price target of. KeyBanc Capital Markets was of a view on January 21, 2020 that the stock is Sector Weight, while William Blair gave the stock Mkt Perform rating on December 05, 2019, issuing a price target of. BofA/Merrill on their part issued Underperform rating on August 20, 2019.