Capwealth Advisors buys $12.4 Million stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Capwealth Advisors scooped up 4,509 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 11, 2016. The investment management firm now holds a total of 93,346 shares of Home Depot Inc which is valued at $12.4 Million.Home Depot Inc makes up approximately 3.19% of Capwealth Advisors’s portfolio.

Other Hedge Funds, Including , Gareth Morgan Investments Limited Partnership reduced its stake in HD by selling 9,933 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 137,615 shares of HD which is valued at $18.3 Million. Home Depot Inc makes up approx 1.90% of Gareth Morgan Investments Limited Partnership’s portfolio.Bruderman Asset Management boosted its stake in HD in the latest quarter, The investment management firm added 2,514 additional shares and now holds a total of 32,451 shares of Home Depot Inc which is valued at $4.3 Million. Home Depot Inc makes up approx 1.52% of Bruderman Asset Management’s portfolio.Point View Wealth Management reduced its stake in HD by selling 13 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 5,817 shares of HD which is valued at $789,367. Home Depot Inc makes up approx 0.51% of Point View Wealth Management’s portfolio. Evanston Investments Dba Evanston Advisors sold out all of its stake in HD during the most recent quarter. The investment firm sold 53,128 shares of HD which is valued $7.2 Million. Greenleaf Trust sold out all of its stake in HD during the most recent quarter. The investment firm sold 1,653 shares of HD which is valued $221,320.

Home Depot Inc opened for trading at $133.84 and hit $136.55 on the upside on Monday, eventually ending the session at $135.34, with a gain of 1.66% or 2.21 points. The heightened volatility saw the trading volume jump to 83,94,783 shares. Company has a market cap of $169,574 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. 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 .Company shares were Reiterated by Telsey Advisory Group on May 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 150 from a previous price target of $148 .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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