Los Angeles Capital Management Equity Research Inc Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Los Angeles Capital Management Equity Research Inc reduced its stake in Home Depot Inc by 24.02% during the most recent quarter end. The investment management company now holds a total of 969,201 shares of Home Depot Inc which is valued at $132,819,305 after selling 306,394 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Home Depot Inc makes up approximately 1.09% of Los Angeles Capital Management Equity Research Inc’s portfolio.

Other Hedge Funds, Including , Pax World Management reduced its stake in HD by selling 202,199 shares or 95.49% in the most recent quarter. The Hedge Fund company now holds 9,557 shares of HD which is valued at $1,309,691. Home Depot Inc makes up approx 0.07% of Pax World Management’s portfolio.Smith Asset Management Group Lp reduced its stake in HD by selling 12,281 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 848,744 shares of HD which is valued at $115,692,295. Home Depot Inc makes up approx 3.35% of Smith Asset Management Group Lp’s portfolio.Orca Investment Management reduced its stake in HD by selling 1,018 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 33,394 shares of HD which is valued at $4,551,936. Home Depot Inc makes up approx 4.27% of Orca Investment Management’s portfolio.Checchi Capital Advisers boosted its stake in HD in the latest quarter, The investment management firm added 339 additional shares and now holds a total of 21,200 shares of Home Depot Inc which is valued at $2,894,224. Home Depot Inc makes up approx 0.71% of Checchi Capital Advisers’s portfolio.Regent Investment Management boosted its stake in HD in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 8,360 shares of Home Depot Inc which is valued at $1,139,802. Home Depot Inc makes up approx 0.60% of Regent Investment Management’s portfolio.

Home Depot Inc opened for trading at $137.11 and hit $137.97 on the upside on Monday, eventually ending the session at $137.06, with a gain of 0.36% or 0.49 points. The heightened volatility saw the trading volume jump to 63,27,437 shares. Company has a market cap of $170,504 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. Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.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.

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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