New Century Investment Management Inc Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : New Century Investment Management Inc reduced its stake in Home Depot Inc by 12.44% during the most recent quarter end. The investment management company now holds a total of 37,392 shares of Home Depot Inc which is valued at $5,104,756 after selling 5,312 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Home Depot Inc makes up approximately 2.62% of New Century Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Bremer Trust National Association reduced its stake in HD by selling 166 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 29,958 shares of HD which is valued at $4,089,866. Home Depot Inc makes up approx 1.10% of Bremer Trust National Association’s portfolio.Capital Analysts reduced its stake in HD by selling 20 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 6,383 shares of HD which is valued at $870,258. Home Depot Inc makes up approx 0.17% of Capital Analysts’s portfolio. Searle sold out all of its stake in HD during the most recent quarter. The investment firm sold 5,023 shares of HD which is valued $670,872.Spirit Of America Management Corpny boosted its stake in HD in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 18,600 shares of Home Depot Inc which is valued at $2,498,724. Home Depot Inc makes up approx 0.37% of Spirit Of America Management Corpny’s portfolio.

Home Depot Inc opened for trading at $137.4 and hit $137.45 on the upside on Wednesday, eventually ending the session at $137.41, with a gain of 0.31% or 0.43 points. The heightened volatility saw the trading volume jump to 30,92,010 shares. Company has a market cap of $170,939 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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