Jefferies Reiterates Buy on At Home Group (HOME) Following 2Q EPS Beat

September 14, 2016 7:22 AM EDT
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Price: $11.80 -5.52%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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Jefferies reiterated a Buy rating and $20.00 price target on At Home Group (NYSE: HOME) following the company's 2Q earnings report. HOME reported adjusted EPS of $0.13, beating the Street’s estimate of $0.11. Comp store sales were +0.9%, above management’s guidance for 0% to +0.5% and beat the Street’s view for +0.4%.

Analyst Daniel Binder commented, "With a sales and EPS beat in its first earnings report, HOME is off to a good start as a public company. FY17 guide should be encouraging for investors given Street expectations are toward the low end on both comp store sales and EPS. HOME’s large box, large assortment, and EDLP approach distinguishes it in the marketplace. It has performed well against a promotional backdrop as result of its low prices and a strong value proposition."

For an analyst ratings summary and ratings history on At Home Group click here. For more ratings news on At Home Group click here.

Shares of At Home Group closed at $12.45 yesterday.

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