Reliant Investment Management Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Reliant Investment Management reduced its stake in Home Depot Inc by 12.07% during the most recent quarter end. The investment management company now holds a total of 24,002 shares of Home Depot Inc which is valued at $3,289,714 after selling 3,296 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Home Depot Inc makes up approximately 2.87% of Reliant Investment Management’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management boosted its stake in HD in the latest quarter, The investment management firm added 904 additional shares and now holds a total of 57,469 shares of Home Depot Inc which is valued at $7,876,701. Home Depot Inc makes up approx 1.27% of Pillar Pacific Capital Management’s portfolio.Train Babcock Advisors reduced its stake in HD by selling 100 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 4,937 shares of HD which is valued at $673,999. Home Depot Inc makes up approx 0.26% of Train Babcock Advisors’s portfolio. Maple Securities Usa Inc sold out all of its stake in HD during the most recent quarter. The investment firm sold 36,881 shares of HD which is valued $4,925,826.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 -1.01 points or -0.74% at $136.05 with 38,02,914 shares getting traded on Thursday. Post opening the session at $135.79, the shares hit an intraday low of $135.46 and an intraday high of $137.2 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.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.

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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