Buckingham Research Reiterates Underperform Rating on At Home Group (HOME)

Buckingham Research analyst Bob Summers reiterated an Underperform rating and $6.00 price target on At Home Group (NYSE: HOME), saying the environment likely remains challenging.

Summers commented, "We continue to believe the sectors fundamental underpinnings remain challenging as evidenced by anemic levels of reported sales growth and our perception regarding the pace and depth of promotional activity (Price a Room Series; HOME vs. W). As a result, we anticipate sustained pressure on comparable store sales, gross margins and operating margins. Further, we remain cautious on whether management's can stabilize EPS within this context particularly given tariff related concerns and the ability to offload pressure points on vendors but recognizing that some discrete costs will work to the company's benefit in 2H20."

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 $8.43 yesterday.

You May Also Be Interested In