Terra Nova Asset Management Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Terra Nova Asset Management reduced its stake in Home Depot Inc by 43.42% during the most recent quarter end. The investment management company now holds a total of 5,423 shares of Home Depot Inc which is valued at $739,209 after selling 4,162 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Home Depot Inc makes up approximately 1.23% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Seaward Management Limited Partnership reduced its stake in HD by selling 4,360 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 263,241 shares of HD which is valued at $35,882,381. Home Depot Inc makes up approx 1.90% of Seaward Management Limited Partnership’s portfolio.High Point Bank Trust Co boosted its stake in HD in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 3,596 shares of Home Depot Inc which is valued at $490,171. Home Depot Inc makes up approx 0.13% of High Point Bank Trust Co’s portfolio.Kanaly Trust Co reduced its stake in HD by selling 84 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 18,763 shares of HD which is valued at $2,561,525. Home Depot Inc makes up approx 0.51% of Kanaly Trust Co’s portfolio.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.Windsor Financial Group reduced its stake in HD by selling 25 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 2,482 shares of HD which is valued at $338,396. Home Depot Inc makes up approx 0.15% of Windsor Financial Group’s portfolio.

Home Depot Inc opened for trading at $137.46 and hit $138.72 on the upside on Friday, eventually ending the session at $138.24, with a gain of 0.20% or 0.28 points. The heightened volatility saw the trading volume jump to 36,62,581 shares. Company has a market cap of $171,972 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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