Eastern Bank Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Eastern Bank reduced its stake in Home Depot Inc by 0.29% during the most recent quarter end. The investment management company now holds a total of 136,339 shares of Home Depot Inc which is valued at $17,235,976 after selling 398 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Home Depot Inc makes up approximately 1.41% of Eastern Bank’s portfolio.

Other Hedge Funds, Including , Ronald Blue Co reduced its stake in HD by selling 1,097 shares or 7.97% in the most recent quarter. The Hedge Fund company now holds 12,664 shares of HD which is valued at $1,600,983. Home Depot Inc makes up approx 0.07% of Ronald Blue Co’s portfolio.Burns J W Co Incny boosted its stake in HD in the latest quarter, The investment management firm added 2,710 additional shares and now holds a total of 19,128 shares of Home Depot Inc which is valued at $2,440,350. Home Depot Inc makes up approx 0.76% of Burns J W Co Incny’s portfolio.New England Research Management reduced its stake in HD by selling 450 shares or 13.15% in the most recent quarter. The Hedge Fund company now holds 2,973 shares of HD which is valued at $379,295. Home Depot Inc makes up approx 0.32% of New England Research Management’s portfolio.

Home Depot Inc opened for trading at $126.9 and hit $127.56 on the upside on Friday, eventually ending the session at $126.42, with a gain of 0.10% or 0.13 points. The heightened volatility saw the trading volume jump to 44,62,055 shares. Company has a market cap of $156,201 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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