Peachtree Investment Advisors Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Peachtree Investment Advisors reduced its stake in Home Depot Inc by 3.88% during the most recent quarter end. The investment management company now holds a total of 26,625 shares of Home Depot Inc which is valued at $3,556,035 after selling 1,075 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Home Depot Inc makes up approximately 3.55% of Peachtree Investment Advisors’s portfolio.

Other Hedge Funds, Including , Franklin Street Advisors Inc Nc reduced its stake in HD by selling 86 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 26,821 shares of HD which is valued at $3,582,213. Home Depot Inc makes up approx 0.66% of Franklin Street Advisors Inc Nc’s portfolio.Perkins Coie Trust Co boosted its stake in HD in the latest quarter, The investment management firm added 221 additional shares and now holds a total of 18,783 shares of Home Depot Inc which is valued at $2,523,308. Home Depot Inc makes up approx 1.64% of Perkins Coie Trust Co’s portfolio.Moreno Evelyn V reduced its stake in HD by selling 140 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 37,619 shares of HD which is valued at $5,053,736. Home Depot Inc makes up approx 1.89% of Moreno Evelyn V’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in HD in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 20,785 shares of Home Depot Inc which is valued at $2,792,257. Home Depot Inc makes up approx 0.54% of Osborn Rohs Williams Donohoe Ltd’s portfolio.

Home Depot Inc closed down -1.28 points or -0.95% at $133.56 with 42,35,486 shares getting traded on Wednesday. Post opening the session at $134.84, the shares hit an intraday low of $133.1 and an intraday high of $135.2 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.

Many Wall Street Analysts have commented on Home Depot Inc. Nomura Upgraded Home Depot Inc on Jun 23, 2016 to ” Buy”, Price Target of the shares are set at $155.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 .

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.

Leave a Reply

Home Depot Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Home Depot Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.