Wealthtrust Fairport buys $8,043,075 stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Wealthtrust Fairport scooped up 2,087 additional shares in Home Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 59,271 shares of Home Depot Inc which is valued at $8,043,075.Home Depot Inc makes up approximately 1.08% of Wealthtrust Fairport’s portfolio.

Other Hedge Funds, Including , Arcus Capital Partners boosted its stake in HD in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 6,719 shares of Home Depot Inc which is valued at $911,768. Home Depot Inc makes up approx 0.65% of Arcus Capital Partners’s portfolio.Nordea Investment Management Ab boosted its stake in HD in the latest quarter, The investment management firm added 129,851 additional shares and now holds a total of 1,751,247 shares of Home Depot Inc which is valued at $234,474,461. Home Depot Inc makes up approx 0.70% of Nordea Investment Management Ab’s portfolio.Horan Capital Advisors. boosted its stake in HD in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 16,022 shares of Home Depot Inc which is valued at $2,145,186. Home Depot Inc makes up approx 1.67% of Horan Capital Advisors.’s portfolio.Delta Asset Managementtn boosted its stake in HD in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 10,452 shares of Home Depot Inc which is valued at $1,399,418. Home Depot Inc makes up approx 0.25% of Delta Asset Managementtn’s portfolio.Wendell David Associates Inc boosted its stake in HD in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 14,159 shares of Home Depot Inc which is valued at $1,920,810. Home Depot Inc makes up approx 0.37% of Wendell David Associates Inc’s portfolio.

Home Depot Inc opened for trading at $136.32 and hit $137.82 on the upside on Tuesday, eventually ending the session at $137.51, with a gain of 0.93% or 1.27 points. The heightened volatility saw the trading volume jump to 36,62,758 shares. Company has a market cap of $172,293 M.

On the company’s financial health, Home Depot Inc reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $1.10. The company had revenue of $20980.00 million for the quarter, compared to analysts expectations of $20396.59 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Barclays Initiated Home Depot Inc on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $150.

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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