Moors Cabot buys $3,978,682 stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Moors Cabot scooped up 4,470 additional shares in Home Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 29,033 shares of Home Depot Inc which is valued at $3,978,682.Home Depot Inc makes up approximately 0.68% of Moors Cabot’s portfolio.

Other Hedge Funds, Including , Pax World Management reduced its stake in HD by selling 202,199 shares or 95.49% in the most recent quarter. The Hedge Fund company now holds 9,557 shares of HD which is valued at $1,309,691. Home Depot Inc makes up approx 0.07% of Pax World Management’s portfolio.Piershale Financial Group boosted its stake in HD in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 2,258 shares of Home Depot Inc which is valued at $307,856. Home Depot Inc makes up approx 0.22% of Piershale Financial Group’s portfolio. Braver Wealth Management sold out all of its stake in HD during the most recent quarter. The investment firm sold 1,602 shares of HD which is valued $213,963.

Home Depot Inc opened for trading at $137.11 and hit $137.97 on the upside on Monday, eventually ending the session at $137.06, with a gain of 0.36% or 0.49 points. The heightened volatility saw the trading volume jump to 63,27,437 shares. Company has a market cap of $170,504 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. Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.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.

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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