Navellier Associates Inc Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Navellier Associates Inc reduced its stake in Home Depot Inc by 36.41% during the most recent quarter end. The investment management company now holds a total of 80,797 shares of Home Depot Inc which is valued at $11,074,037 after selling 46,265 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Home Depot Inc makes up approximately 1.62% of Navellier Associates Inc’s portfolio.

Other Hedge Funds, Including , Gratus Capital boosted its stake in HD in the latest quarter, The investment management firm added 32,557 additional shares and now holds a total of 36,917 shares of Home Depot Inc which is valued at $5,059,844. Home Depot Inc makes up approx 0.74% of Gratus Capital’s portfolio. Northpointe Capital sold out all of its stake in HD during the most recent quarter. The investment firm sold 1,010 shares of HD which is valued $137,673.Oakworth Capital boosted its stake in HD in the latest quarter, The investment management firm added 1,521 additional shares and now holds a total of 10,156 shares of Home Depot Inc which is valued at $1,386,497. Home Depot Inc makes up approx 0.50% of Oakworth Capital’s portfolio.Pineno Levin Ford Asset Management reduced its stake in HD by selling 100 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 2,400 shares of HD which is valued at $327,648. Home Depot Inc makes up approx 0.16% of Pineno Levin Ford Asset Management’s portfolio.Lodestar Investment Counselil boosted its stake in HD in the latest quarter, The investment management firm added 252 additional shares and now holds a total of 7,704 shares of Home Depot Inc which is valued at $1,050,363. Home Depot Inc makes up approx 0.14% of Lodestar Investment Counselil’s portfolio.

Home Depot Inc closed down -0.7 points or -0.51% at $136.21 with 31,82,761 shares getting traded on Monday. Post opening the session at $136.91, the shares hit an intraday low of $136.16 and an intraday high of $137.401 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. 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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