Nine Chapters Capital Management adds Home Depot Inc (HD) to its portfolio

Home Depot Inc (HD) : Nine Chapters Capital Management added new position in Home Depot Inc during the most recent quarter end. The investment management firm now holds 2,500 shares of Home Depot Inc which is valued at $340,525 , the company said in a statement filed on Aug 9, 2016 with the SEC.Home Depot Inc makes up approximately 6.51% of Nine Chapters Capital Management’s portfolio.

Other Hedge Funds, Including , Sii Investments Incwi boosted its stake in HD in the latest quarter, The investment management firm added 861 additional shares and now holds a total of 10,511 shares of Home Depot Inc which is valued at $1,431,703. Home Depot Inc makes up approx 0.11% of Sii Investments Incwi’s portfolio.Commonwealth Equity Services Inc boosted its stake in HD in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 293,919 shares of Home Depot Inc which is valued at $40,240,450. Home Depot Inc makes up approx 0.33% of Commonwealth Equity Services Inc’s portfolio.Beese Fulmer Investment Management boosted its stake in HD in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 3,676 shares of Home Depot Inc which is valued at $503,833. Home Depot Inc makes up approx 0.14% of Beese Fulmer Investment Management’s portfolio. Cutler Group Lp added HD to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $13,356.Atria Investments boosted its stake in HD in the latest quarter, The investment management firm added 1,334 additional shares and now holds a total of 9,533 shares of Home Depot Inc which is valued at $1,273,227. Home Depot Inc makes up approx 0.13% of Atria Investments’s portfolio.

Home Depot Inc closed down -0.08 points or -0.06% at $136.15 with 52,22,166 shares getting traded on Wednesday. Post opening the session at $135.5, the shares hit an intraday low of $134.75 and an intraday high of $136.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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