Leonetti Associates buys $8.8 Million stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Leonetti Associates scooped up 2,550 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 13, 2016. The investment management firm now holds a total of 65,775 shares of Home Depot Inc which is valued at $8.8 Million.Home Depot Inc makes up approximately 2.58% of Leonetti Associates’s portfolio.

Other Hedge Funds, Including , Texas Yale Capital Corp. reduced its stake in HD by selling 1,675 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 106,722 shares of HD which is valued at $14.2 Million. Home Depot Inc makes up approx 1.49% of Texas Yale Capital Corp.’s portfolio.Sg Americas Securities boosted its stake in HD in the latest quarter, The investment management firm added 76,089 additional shares and now holds a total of 90,887 shares of Home Depot Inc which is valued at $12.1 Million. Home Depot Inc makes up approx 0.10% of Sg Americas Securities’s portfolio.Convergence Investment Partners boosted its stake in HD in the latest quarter, The investment management firm added 15,878 additional shares and now holds a total of 31,904 shares of Home Depot Inc which is valued at $4.2 Million. Home Depot Inc makes up approx 0.51% of Convergence Investment Partners’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in HD in the latest quarter, The investment management firm added 11,249 additional shares and now holds a total of 94,087 shares of Home Depot Inc which is valued at $12.5 Million. Home Depot Inc makes up approx 0.27% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Arcus Capital Partners boosted its stake in HD in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 6,719 shares of Home Depot Inc which is valued at $911,768. Home Depot Inc makes up approx 0.65% of Arcus Capital Partners’s portfolio.

Home Depot Inc closed down -0.16 points or -0.12% at $133.2 with 50,17,700 shares getting traded on Wednesday. Post opening the session at $133.46, the shares hit an intraday low of $133.05 and an intraday high of $134.52 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Investors should note that on May 19, 2016, Home Depot Inc announced a cash dividend of $0.6900. The company’s management has announced May 31, 2016 as the ex-dividend date and fixed the record date on Jun 2, 2016. The payable date has been fixed on Jun 16, 2016.

Many Wall Street Analysts have commented on Home Depot Inc. Topeka Capital Markets Initiated Home Depot Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $158.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 .

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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