Richard Bernstein Advisors buys $9,104,927 stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Richard Bernstein Advisors scooped up 5,242 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 3, 2016. The investment management firm now holds a total of 67,096 shares of Home Depot Inc which is valued at $9,104,927.Home Depot Inc makes up approximately 0.90% of Richard Bernstein Advisors’s portfolio.

Other Hedge Funds, Including , Duff Phelps Investment Management Co reduced its stake in HD by selling 4,290 shares or 20.26% in the most recent quarter. The Hedge Fund company now holds 16,885 shares of HD which is valued at $2,291,295. Home Depot Inc makes up approx 0.04% of Duff Phelps Investment Management Co’s portfolio.Sol Capital Management Co reduced its stake in HD by selling 150 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 22,408 shares of HD which is valued at $3,040,766. Home Depot Inc makes up approx 0.96% of Sol Capital Management Co’s portfolio.Spectrum Management Group boosted its stake in HD in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 12,480 shares of Home Depot Inc which is valued at $1,670,947. Home Depot Inc makes up approx 0.65% of Spectrum Management Group’s portfolio. Concorde Asset Management sold out all of its stake in HD during the most recent quarter. The investment firm sold 2,165 shares of HD which is valued $289,872.

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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