Long Position on HOME @ $36.75 on 5/7/2018 (Momentum)

At Home Group Inc. (HOME) operates home decor superstores in the United States.

It operates 151 stores in 34 states. 

At Home's product offerings include furniture, rugs, bath and bedding goods. It also has products for kitchens and dining rooms, mirrors, clocks, artwork and items for patio and garden. The retailer says it has developed a loyal band of enthusiastic and diverse customers who are passionate about decorating their homes.

More than 70% of At Home's merchandise is unbranded, private label or specifically designed for the chain. It's also geared toward every budget. At Home believes its home décor concept, operating model and flexible real estate strategy create competitive advantages.

During fiscal 2018, which ended in January, At Home increased store count by 21%. It also delivered 24% net sales growth, and grew same-store sales by 6.5%.

Shares have formed a bullish "cup and handle" and are expected to move higher out of this formation. 

Entry Point: $36.75

Stop Loss: $34.90

52-Weeks Trading Range: $18.20 - $37.27

Target Price: $40.42

Updates

7/10/2018 10:47:31 AM

HOME closed at $40.45

Position closed on 7/10/2018 at price of $40.45 with a 10.07% gain in 64 days.

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