Beacon Financial Group Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Beacon Financial Group reduced its stake in Home Depot Inc by 2.13% during the most recent quarter end. The investment management company now holds a total of 7,022 shares of Home Depot Inc which is valued at $946,917 after selling 153 shares in Home Depot Inc according to a report filed by the company on Apr 1, 2016 with the SEC.Home Depot Inc makes up approximately 0.20% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including , Renaissance Investment Group reduced its stake in HD by selling 1,235 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 69,493 shares of HD which is valued at $9.4 Million. Home Depot Inc makes up approx 4.69% of Renaissance Investment Group’s portfolio.

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.Home Depot Inc was Upgraded by Deutsche Bank to ” Buy” on Jan 25, 2016.

Home Depot Inc closed down -0.61 points or -0.46% at $133.01 with 34,72,679 shares getting traded on Monday. Post opening the session at $133.58, the shares hit an intraday low of $132.96 and an intraday high of $135.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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