At Home Group Inc (NYSE:HOME) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 843 put options on the company. This is an increase of 597% compared to the typical daily volume of 121 put options.
In related news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $33.11, for a total value of $152,035,292.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lewis L. Bird III sold 30,435 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $37.13, for a total transaction of $1,130,051.55. Following the completion of the transaction, the chief executive officer now directly owns 43,435 shares in the company, valued at $1,612,741.55. The disclosure for this sale can be found here. Insiders sold a total of 4,663,062 shares of company stock worth $154,599,377 over the last ninety days. 7.25% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of At Home Group by 50.8% during the 3rd quarter. BlackRock Inc. now owns 2,602,401 shares of the financial services provider’s stock valued at $82,053,000 after buying an additional 876,101 shares during the period. Victory Capital Management Inc. raised its position in shares of At Home Group by 35.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,321,931 shares of the financial services provider’s stock valued at $73,211,000 after buying an additional 612,710 shares during the period. FMR LLC raised its position in shares of At Home Group by 21,066.0% during the 3rd quarter. FMR LLC now owns 2,222,425 shares of the financial services provider’s stock valued at $70,074,000 after buying an additional 2,211,925 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of At Home Group during the 3rd quarter valued at approximately $48,414,000. Finally, Carillon Tower Advisers Inc. purchased a new stake in shares of At Home Group during the 3rd quarter valued at approximately $42,141,000. 73.63% of the stock is currently owned by institutional investors and hedge funds.
At Home Group (NYSE:HOME) last released its earnings results on Wednesday, August 29th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $288.50 million for the quarter, compared to analyst estimates of $286.50 million. During the same period last year, the company posted $0.18 EPS. The business’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts forecast that At Home Group will post 0.79 EPS for the current fiscal year.
A number of brokerages recently weighed in on HOME. Zacks Investment Research lowered shares of At Home Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 5th. Wells Fargo & Co reissued a “buy” rating and issued a $42.00 target price on shares of At Home Group in a research note on Thursday, August 30th. ValuEngine lowered shares of At Home Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Goldman Sachs Group raised shares of At Home Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $41.00 to $39.00 in a research note on Monday, October 1st. Finally, Jefferies Financial Group set a $47.00 target price on shares of At Home Group and gave the stock a “buy” rating in a research note on Thursday, August 30th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.20.
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 décors, holiday accessories, home organization products, pillows, pottery, vases, and window treatments.
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