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  • G
    At Home now expects fiscal fourth-quarter comparable store sales growth of 23-24% compared with prior expectation of mid-to-high teens increase.

    Lee Bird, chairman and chief executive officer said, "Fourth quarter comps for both our everyday and seasonal assortments are playing out ahead of our expectations, and our balance sheet remains in great shape. We are excited about the continued strong momentum in our business and our inventory position as we head into fiscal 2022."

    Notably, the company had total liquidity of $456 million at December-end that included $162 million in cash and $294 million in borrowings available under the credit facility. Meanwhile, it had $360 million liquidity as of Oct 24, 2020 (higher than $305.8 million on Jul 25), including cash of $33.9 million and $360.4 million in borrowings available under the ABL facility.

    Strong momentum in housing and repair & remodel (R&R) markets has been driving At Home’s growth. Notably, the company’s fiscal third-quarter adjusted earnings per share of 74 cents topped the Zacks Consensus Estimate of 63 cents by 17.5% and increased 740% year over year. Net sales matched the consensus mark of $470 million. The figure, nonetheless, improved 47.5% from $318.7 million generated in the prior-year quarter. The upside was driven by a 44.1% improvement in comparable store sales or comps and 2.8% net increase in stores. Strong demand and persistent rollout of omni-channel initiatives helped it drive comps.

    Precisely, the company has been benefiting from work-from-home or stay-at-home orders amid the COVID-19 pandemic. This has encouraged consumers to take on more home improvement projects.
  • V
    Value Hunter
    From At Home: Our second quarter ends this week; therefore, we are currently in our regularly scheduled investor quiet period. While we aren't able to discuss recent performance or forward-looking guidance, I can direct you to our first quarter 10-Q in which our total liquidity was nearly $137 million. We also exercised an accordion on our ABL in mid-June that gives us an additional $75 million of liquidity. Finally, we continue to own several stores that could be sold in a sale-leaseback transaction to generate additional liquidity. These sources of liquidity, combined with the operating cash flow generated by our 200+ stores, are more than enough to meet our capital needs this year.
  • G
    Ground Zero Mind
    Just off the wires:

    Fading stimulus called out as a headwind for At Home Group

    Jun. 19, 2020 7:56 AM ET

    Bank of America reiterates an Underperform rating on At Home Group (NYSE:HOME) on caution over the sustainability of comparable sales growth for the rest of the year as stimulus fades from the picture.

    "We also see risk from: 1) high leverage; 2) relatively high exposure to states with rising COVID-19 cases (34% of stores); 3) concern over execution in HOME’s new omni-channel platform which was rolled out at a significantly accelerated pace; and 4) shares now trading back to preCOVID-19 levels," runs down analyst Curtis Nagle on the bearish case on At Home.

    "Bank of America sets a price objective of $5.00 vs. the average sell-side PT of $5.17 to rep downside potential of 36%."
  • m
    At Home Group price target raised to $28 from $20 at Monness Crespi Monness

    Crespi analyst Jim Chartier raised the firm's price target on At Home Group to $28 from $20 and keeps a Buy rating on the shares. 2020's sales gains are largely sustainable, given the company's step function increase in new customers, improved execution and omni-channel capabilities, Chartier tells investors in a research note. The analyst sees a number of opportunities to drive comp sales and margin gains over the next few years and believes At Home will return to 10% store growth in fiscal 2022. Chartier also sees potential for "significant multiple expansion over time" and continues to recommend the shares.
  • H
    The company had one bad quarter and I respect that they guided low. So what can happen now. Perhaps the upcoming quarter is good and the stock explodes on a short squeeze or they stay at guidance and it doesn't do much. Regardless they are opening new stores and are in a decent financial position. Revenue will grow. This company is not a Pier 1 or Kirkland's. I would like to see management buy stock.
  • m
    At Home Group Inc. Announces Third Quarter Fiscal 2021 Financial Results
    • Delivers Q3 net sales increase of 47.5% and comparable store sales1 increase of 44.1%
    • Achieves Q3 net income of $47.1 million and Q3 EPS of $0.71 compared to $(14.6) million and $(0.23), respectively, in the
    prior year period
    • Increases Q3 Adjusted EBITDA1 by 184.9% to $93.8 million
    • Lowers long-term debt to $314.5 million and improves leverage ratio1 to 0.9x
    Plano, Texas, December 1, 2020 -- At Home Gr
  • E
    At Home Group upgraded to Buy at Monness Crespi & Hardt; tgt $20 (15.00 ) : Monness Crespi & Hardt upgrades HOME to Buy from Neutral and sets target price at $20. Analyst Jim Chartier said, "After a 36% post-earnings sell-off, we believe At Home is attractively valued at 5x EBITDA. We expect strong trends in the home category will continue through next year and HOME's big box, off-mall, value store model is perfectly positioned for the current environment. In addition, market share gains from competitor store closings, continued expansion of its omni-channel offerings and improved execution provide additional comp sales tailwinds. The company's balance sheet is significantly improved (1.4x leverage a record low), the concept remains underpenetrated and At Home will return to 10% store growth in FY22. While the stock has performed well this year, the company's valuation remains well below its historical level of 10+x EBITDA."
  • J
    I would anticipate some news near term, beyond earnings. The move has been too strong and EDGX has been sitting on the sell side with huge volume all day. I expect earnings will be above expectations and the stock should move above $10.00 and closer to $15.00 with a short squeeze.
  • A
    This is a great play, the earning were amazing. But this stock tends to drop after earning no matter how good they are. this is a great company but the charts are saying that it might test and most likely bounce off $13.40.
  • N
    Niels Haugaard
    I am happy to see that the largest single investor in At HOME, CAS Investment Partners is publicly stating that the $36 offer on HOME is far from satisfactory!! :-) CAS Investment Partners mention $70 per share and $135 within 5 years as their fair valuation and like I have stated before I totally agree with them. Thank you CAS Investment Partners!!

    I am happy to have 17% of the votes going against this "give away by management". However, this does leave me wondering if the At HOME management team has the investors best interest at heart - can we even trust them to do what is best for us investors!!??
  • I
    Kohl's recently started conversations with At Home Group to explore a deal, the sources said. At Home Group has been exploring a sale for the last three months, and is already in advanced deal negotiations with private equity firms, including Hellman & Friedman LLC, the sources added.
  • T
    Teddy Ballgame
    Not understanding the inventory / merchandising strategy. Visited store 12/6, Turnersvile, NJ, huge store, too big for inventory levels. Looks like seasonal Holiday inventory sold down well. Seasonal Product reduced, I noticed when I checked out my two items, but did not notice signs calling out value of pre-seasonal markdowns. Front gondola areas, 6,7, 8 maybe more gondola sides are completely bare. Signs in the empty aisles saying something like exciting merchandise coming soon.....Cannot buy empty space, especially on 12/6, pre-Christmas with great selling days remaining. Long lines at check outs with 3 checkouts, so not that bad on service. Products with customers seemed to indicate more cherry picking than fill the cart buys. Only 2 parties had carts, there rest a couple of items only. The corral guiding you to check-outs had a great deal of space for impulse sales driving, but in this space as well, multiple 4 foot sections were totally empty, many of the sections, including snacks and candy were very anemic, lacking themes and unattractive. Overall, Seems strange that so much space in the very front of the store is empty, underutilized. Runs counter to the basics of retail. Flex merchandising in a store this size is a challenge and needs coaching, specialization, guidance and INVENTORY to sell....
    After seasonal space is sold down, all that remains is the basic assortment that is high margin but not inspiring unless you are setting up an apartment. IMHO, some of this inventory is over priced.
    Thinking of why the stock has been drifting, looking at empty space on 12/6 does not inspire one to invest.
    Second time in this location and empty space was noteworthy in Sept / Oct as well....Several have said, it is going to 18ish and I was a by-stander, but did surely notice the bounce back. Hope for investors / employees HOME does well for you, but there are some clear retail opportunities to drive performance here.
  • S
    Shareholders get to vote whether they accept the purchase or not. Management advises, recommends, but shareholders ultimately decide whether they sell. Majority rules though. Also, it sells above 36 because people don't believe this offer will be accepted at this price. That is typically why it sells higher than the offer... people believe a better offer will come.
  • M
    As an investor of HOME, I visited yet another brand new At Home store yesterday and was again highly impressed. This stock is a goldmine. The current price is a joke compared to the true fair value. Strong buy.
  • A
    The upward ascent has begun. Will be over 18 by end of month. Hope you took advantage and accumulated more!
  • t
    This valuation does not make much sense, the great margin of safety, great P.E, growing revnue, growing earnings year over year, opening new stores.. Like I would be a bit more comfortable if they had a bit less debt but even so seems way to cheap
  • l
    Home is an excellent long time play. But what is hurting it the fact that they said they are short inventory for the holiday season I was holding 2000 shares, but sold out today. Like the growth, but the management missed the boat this time ,will be back GLTA
  • B
    Observation:First off, private equity does not buy things, they steal them..... remember that.Right now retail is starting to explode and seems like there is plenty of room to run here, so PE interest now seems peculiar given they usually buy distressed situations and there is no hint of distress here, nor KIRK, nor BGFV (look at todays report and price), on and on. PE was active a year ago in the COVID scare trying to #$%$ up some steals like Sycamore Partners trying to buy L Brands exactly 1 year ago today in the 10$ a share range, today L Brands 1 year later is 65$.... PE smells cash cows in the small retail plays because many of them flourished during COVID in a once in a lifetime setup. KIRK, BGFV, HOME, and dozens more. If they are willing to pay 35 today it is worth 100 in a year....... I just hope management is not laying out a red carpet for PE (wholesale buyers) in exchange for a large equity stake and a gravy train to go with it. This notion of PE take private right now at this juncture has a terrible aroma about it. For what it's worth. And a take private is not activist or hostile motivated, it is usually management led or management cooperative. I would be skeptical. Look at how BGFV crushed numbers to day, then gave shareholders a 1.00 special dividend. HOME should be giving out special dividends, not looking at going private to only benefit a select few.1
  • P
    Pr3s1d3nt B1n6U5
    be patient kids, this is another home run in the making. With covid cases spiking, HOME is a great pandemic and long term stock. They consistently put out great earnings report and get no attention. Your patience will be rewarded. This is just the beginning, I'm holding to $30 in the within the next 3 months.
  • A
    Buying the dip. Until something fundamentally changes and the company stops printing money while experiencing skyrocketing YOY growth little reason to change course. Can’t fault a few millionaires for cashing in and taking substantial profit