Perkins Coie Trust Co Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Perkins Coie Trust Co reduced its stake in Home Depot Inc by 6.5% during the most recent quarter end. The investment management company now holds a total of 18,562 shares of Home Depot Inc which is valued at $2,506,056 after selling 1,290 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Home Depot Inc makes up approximately 1.69% of Perkins Coie Trust Co’s portfolio.

Home Depot Inc closed down -0.59 points or -0.44% at $134.6 with 35,42,180 shares getting traded on Wednesday. Post opening the session at $135.23, the shares hit an intraday low of $134.39 and an intraday high of $135.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Clean Yield Group reduced its stake in HD by selling 1,964 shares or 20.19% in the most recent quarter. The Hedge Fund company now holds 7,764 shares of HD which is valued at $1,048,218. Home Depot Inc makes up approx 0.47% of Clean Yield Group’s portfolio.Oakbrook Investments boosted its stake in HD in the latest quarter, The investment management firm added 6,213 additional shares and now holds a total of 106,451 shares of Home Depot Inc which is valued at $14,371,950. Home Depot Inc makes up approx 0.92% of Oakbrook Investments’s portfolio.Charter Trust Co reduced its stake in HD by selling 151 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 23,918 shares of HD which is valued at $3,181,333. Home Depot Inc makes up approx 0.39% of Charter Trust Co’s portfolio.Community Trust Investment Co boosted its stake in HD in the latest quarter, The investment management firm added 1,550 additional shares and now holds a total of 3,880 shares of Home Depot Inc which is valued at $516,079. Home Depot Inc makes up approx 0.07% of Community Trust Investment Co’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.

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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