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Preferred stock is a special equity security that has properties of both equity and debt. At Home Group's preferred stock for the quarter that ended in Apr. 2021 was $0 Mil.
The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. At Home Group's Enterprise Value for the quarter that ended in Apr. 2021 was $3,565 Mil.
In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. At Home Group's Book Value per Share for the quarter that ended in Apr. 2021 was $8.34.
Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). At Home Group's Earnings per Share (Diluted) for the three months ended in Apr. 2021 was $0.81.
The historical data trend for At Home Group's Preferred Stock can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
At Home Group Annual Data | |||||||||||||||||
Trend | Jan14 | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | |||||||||
Preferred Stock | Get a 7-Day Free Trial | - | - | - | - | - |
At Home Group Quarterly Data | ||||||||||||||||||||
Jul16 | Oct16 | Jan17 | Apr17 | Jul17 | Oct17 | Jan18 | Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | |
Preferred Stock | Get a 7-Day Free Trial | - | - | - | - | - |
Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.
Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.
Preferred stock comes in many forms. It can be:
A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.
Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?
It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.
Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.
At Home Group (NYSE:HOME) Preferred Stock Explanation
When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.
For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffetts Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffetts Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?
1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.
At Home Group's Enterprise Value for the quarter that ended in Apr. 2021 is calculated as
Enterprise Value | |||||||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation | + | Minority Interest |
= | 2067.98472 | + | 0 | + | 1646.133 | + | 1.037 | + | 0 |
- | Cash, Cash Equivalents, Marketable Securities | ||||||||
- | 150.547 | ||||||||
= | 3,565 |
2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.
At Home Group's Book Value per Share for the quarter that ended in Apr. 2021 is calculated as
Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock) | / | Shares Outstanding (Diluted Average) |
= | (546.204 | - | 0) | / | 65.484 | |
= | 8.34 |
3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.
At Home Group's Earnings per Share (Diluted) (EPS) for the three months ended in Apr. 2021 is calculated as
Earnings per Share (Diluted) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (56.323 | - | 0) | / | 69.544 | |
= | 0.81 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of At Home Group's Preferred Stock provided by GuruFocus.com. Please click on the following links to see related term pages.
Sumit Anand | officer: Chief Information Officer | AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074 |
Laura L. Bracken | officer: Chief Accounting Officer | AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074 |
Chad C Stauffer | officer: Chief Merchandising Officer | AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074 |
Jeffrey R Knudson | officer: Chief Financial Officer | C/O AMN HEALTHCARE SERVICES INC., 8840 CYPRESS WATERS BOULEVARD, SUITE 300, DALLAS TX 75019 |
Norman E Mcleod | officer: Chief Development Officer | AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074 |
Ashley F Sheetz | officer: Chief Marketing Officer | AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074 |
Peter Sg Corsa | officer: President and COO | AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074 |
Mary Jane Broussard | officer: GC and Corporate Secretary | AT HOME GROUP INC. 1600 EAST PLANO PARKWAY PLANO TX 75074 |
Clifford Sosin | 10 percent owner | 8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880 |
Aea Investors Lp | 10 percent owner | 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103 |
Aea Management (cayman) Ltd | 10 percent owner | P. O. BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Bird Lewis L Iii | director, officer: Chairman, CEO and President | AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074 |
Catherine Aslin | officer: Chief Human Resources Officer | AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074 |
Joanne C. Crevoiserat | director | 6301 FITCH PATH, NEW ALBANY OH 43054 |
Philip L Francis | director | AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074 |
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