Lakeview Capital Partners Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Lakeview Capital Partners reduced its stake in Home Depot Inc by 0.23% during the most recent quarter end. The investment management company now holds a total of 31,350 shares of Home Depot Inc which is valued at $4,254,195 after selling 73 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Home Depot Inc makes up approximately 2.71% of Lakeview Capital Partners’s portfolio.

Other Hedge Funds, Including , Jones Collombin Investment Counsel Inc reduced its stake in HD by selling 2,100 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 54,110 shares of HD which is valued at $7,244,788. Home Depot Inc makes up approx 2.00% of Jones Collombin Investment Counsel Inc’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in HD by selling 795 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 84,337 shares of HD which is valued at $11,441,157. Home Depot Inc makes up approx 0.11% of Tiaa Cref Trust Co Fsbmo’s portfolio.Stokes Hubbell Capital Management boosted its stake in HD in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 4,344 shares of Home Depot Inc which is valued at $589,307. Home Depot Inc makes up approx 0.27% of Stokes Hubbell Capital Management’s portfolio.Handelsinvest Investeringsforvaltning boosted its stake in HD in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 21,000 shares of Home Depot Inc which is valued at $2,848,860. Home Depot Inc makes up approx 0.95% of Handelsinvest Investeringsforvaltning’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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