Home decor retailer At Home Group (HOME) - Get Report has partnered with Bank of America Merrill Lynch to find potential buyers for the business amid a steep decline in stock price, sources told Reuters Thursday.
Shares of the Plano, Texas-based company were up more than 5% to $19.95 on Thursday. The stock has fallen nearly 40% over the past 12 months.
Last week, At Home Group reported a 23% increase in net sales to $1.17 billion in the 12 months ended Jan. 26, while net income increased 54% to $49 million. The company said increases were a result of 31 new-store openings.
Reuters' sources said there was no guarantee that the talks would result in a sale.
The company operates 188 stores in 38 states.
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