Boston Advisors Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Boston Advisors reduced its stake in Home Depot Inc by 46.48% during the most recent quarter end. The investment management company now holds a total of 247,709 shares of Home Depot Inc which is valued at $33,765,214 after selling 215,165 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Home Depot Inc makes up approximately 0.82% of Boston Advisors’s portfolio.

Other Hedge Funds, Including , Canandaigua National Bank Trust Co reduced its stake in HD by selling 475 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 11,501 shares of HD which is valued at $1,567,701. Home Depot Inc makes up approx 0.45% of Canandaigua National Bank Trust Co’s portfolio.First Niagara Bank reduced its stake in HD by selling 732 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 14,981 shares of HD which is valued at $2,042,060. Home Depot Inc makes up approx 0.57% of First Niagara Bank’s portfolio.Marquette Asset Management reduced its stake in HD by selling 202 shares or 9.72% in the most recent quarter. The Hedge Fund company now holds 1,877 shares of HD which is valued at $250,692. Home Depot Inc makes up approx 0.11% of Marquette Asset Management’s portfolio.Jacobs Coca reduced its stake in HD by selling 145 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 50,648 shares of HD which is valued at $6,764,547. Home Depot Inc makes up approx 1.55% of Jacobs Coca’s portfolio.Quotient Investors reduced its stake in HD by selling 7,987 shares or 27.23% in the most recent quarter. The Hedge Fund company now holds 21,346 shares of HD which is valued at $2,850,972. Home Depot Inc makes up approx 1.31% of Quotient Investors’s portfolio.

Home Depot Inc opened for trading at $137.46 and hit $138.72 on the upside on Friday, eventually ending the session at $138.24, with a gain of 0.20% or 0.28 points. The heightened volatility saw the trading volume jump to 36,62,581 shares. Company has a market cap of $171,972 M.

On the company’s financial health, Home Depot Inc reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 17, 2016. Analyst had a consensus of $1.35. The company had revenue of $22762.00 million for the quarter, compared to analysts expectations of $22389.43 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Nomura Upgraded Home Depot Inc on Jun 23, 2016 to ” Buy”, Price Target of the shares are set at $155.Topeka Capital Markets Initiated Home Depot Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $158.Company shares were Reiterated by Deutsche Bank on May 18, 2016 to “Buy”, Firm has raised the Price Target to $ 143 from a previous price target of $135 .

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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