Long Position on HOME @ $37.00 on 8/29/2018 (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 "double bottom" and are expected to move higher out of this formation. The company report its quarterly results today after the close.

Entry Point: $37.00

Stop Loss: $35.15

52-Weeks Trading Range: $20.07 to $40.97

Target Price: $40.70

Updates

2/25/2019 12:08:43 PM

Closed at $24.31

Position closed on 2/25/2019 at price of $24.31 with a -34.30% loss in 180 days.

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