Pacwest Financial Management Inc Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Pacwest Financial Management Inc reduced its stake in Home Depot Inc by 1.66% during the most recent quarter end. The investment management company now holds a total of 20,608 shares of Home Depot Inc which is valued at $2,622,368 after selling 347 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Home Depot Inc makes up approximately 1.61% of Pacwest Financial Management Inc’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in HD in the latest quarter, The investment management firm added 114,642 additional shares and now holds a total of 468,875 shares of Home Depot Inc which is valued at $59,664,344. Home Depot Inc makes up approx 1.29% of Oregon Public Employees Retirement Fund’s portfolio.Acropolis Investment Management boosted its stake in HD in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 6,711 shares of Home Depot Inc which is valued at $856,189. Home Depot Inc makes up approx 0.16% of Acropolis Investment Management’s portfolio.Washington Trust Bank boosted its stake in HD in the latest quarter, The investment management firm added 412 additional shares and now holds a total of 22,171 shares of Home Depot Inc which is valued at $2,828,576. Home Depot Inc makes up approx 0.68% of Washington Trust Bank’s portfolio.

Home Depot Inc closed down -1.4 points or -1.10% at $125.85 with 51,13,918 shares getting traded on Tuesday. Post opening the session at $126.85, the shares hit an intraday low of $125.46 and an intraday high of $127.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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