Eagle Ridge Investment Management buys $13,472,613 stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Eagle Ridge Investment Management scooped up 799 additional shares in Home Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 98,686 shares of Home Depot Inc which is valued at $13,472,613.Home Depot Inc makes up approximately 2.99% of Eagle Ridge Investment Management’s portfolio.

Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in HD by selling 5,018 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 163,844 shares of HD which is valued at $22,367,983. Home Depot Inc makes up approx 0.80% of Ibm Retirement Fund’s portfolio.Private Trust Co Na reduced its stake in HD by selling 104 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 31,164 shares of HD which is valued at $4,282,245. Home Depot Inc makes up approx 1.09% of Private Trust Co Na’s portfolio.Eqis Capital Management boosted its stake in HD in the latest quarter, The investment management firm added 612 additional shares and now holds a total of 5,705 shares of Home Depot Inc which is valued at $777,820. Home Depot Inc makes up approx 0.05% of Eqis Capital Management’s portfolio.Peachtree Investment Advisors reduced its stake in HD by selling 1,075 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 26,625 shares of HD which is valued at $3,556,035. Home Depot Inc makes up approx 3.55% of Peachtree Investment Advisors’s portfolio.Centurylink Investment Management Co reduced its stake in HD by selling 68 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 20,084 shares of HD which is valued at $2,698,085. Home Depot Inc makes up approx 0.94% of Centurylink Investment Management Co’s portfolio.

Home Depot Inc opened for trading at $136.19 and hit $138.12 on the upside on Thursday, eventually ending the session at $137.96, with a gain of 1.21% or 1.65 points. The heightened volatility saw the trading volume jump to 32,25,964 shares. Company has a market cap of $171,623 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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