Blackrock Investment Management Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Blackrock Investment Management reduced its stake in Home Depot Inc by 0.56% during the most recent quarter end. The investment management company now holds a total of 5,723,654 shares of Home Depot Inc which is valued at $781,679,427 after selling 32,284 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Home Depot Inc makes up approximately 0.95% of Blackrock Investment Management’s portfolio.

Other Hedge Funds, Including , Focused Wealth Management Inc reduced its stake in HD by selling 316 shares or 60.19% in the most recent quarter. The Hedge Fund company now holds 209 shares of HD which is valued at $28,543. Home Depot Inc makes up approx 0.01% of Focused Wealth Management Inc’s portfolio. Capital Advantage sold out all of its stake in HD during the most recent quarter. The investment firm sold 1,518 shares of HD which is valued $208,027.Cutter Co Brokerage boosted its stake in HD in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 2,969 shares of Home Depot Inc which is valued at $406,931. Home Depot Inc makes up approx 0.17% of Cutter Co Brokerage’s portfolio.

Home Depot Inc opened for trading at $134.42 and hit $135.76 on the upside on Friday, eventually ending the session at $135.46, with a gain of 0.49% or 0.66 points. The heightened volatility saw the trading volume jump to 39,59,011 shares. Company has a market cap of $168,513 M.

On the company’s financial health, Home Depot Inc reported $1.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $1.97. The company had revenue of $26472.00 million for the quarter, compared to analysts expectations of $26489.16 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 155 from a previous price target of $150 .Company shares were Reiterated by Wedbush on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 145 from a previous price target of $140 .Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.

The Home Depot Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104000 square feet of enclosed space with approximately 24000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers do-it-for-me (DIFM) customers and professional customers. As of December 31 2014 the Company had 2269 The Home Depot stores which included 1977 stores in the United States including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada and 111 stores in Mexico.

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