Daiwa Sb Investments Ltd. Lowers stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Daiwa Sb Investments Ltd. reduced its stake in Home Depot Inc by 4.55% during the most recent quarter end. The investment management company now holds a total of 75,280 shares of Home Depot Inc which is valued at $9,473,988 after selling 3,590 shares in Home Depot Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Home Depot Inc makes up approximately 2.48% of Daiwa Sb Investments Ltd.’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in HD in the latest quarter, The investment management firm added 114,642 additional shares and now holds a total of 468,875 shares of Home Depot Inc which is valued at $59,664,344. Home Depot Inc makes up approx 1.29% of Oregon Public Employees Retirement Fund’s portfolio.Carroll Financial Associates boosted its stake in HD in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 13,176 shares of Home Depot Inc which is valued at $1,676,646. Home Depot Inc makes up approx 0.25% of Carroll Financial Associates’s portfolio.New England Research Management reduced its stake in HD by selling 450 shares or 13.15% in the most recent quarter. The Hedge Fund company now holds 2,973 shares of HD which is valued at $379,295. Home Depot Inc makes up approx 0.32% of New England Research Management’s portfolio.Indiana Trust Investment Management Co boosted its stake in HD in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 2,620 shares of Home Depot Inc which is valued at $334,260. Home Depot Inc makes up approx 0.18% of Indiana Trust Investment Management Co’s portfolio.

Home Depot Inc closed down -1.4 points or -1.10% at $125.85 with 51,13,918 shares getting traded on Tuesday. Post opening the session at $126.85, the shares hit an intraday low of $125.46 and an intraday high of $127.08 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Home Depot Inc reported $1.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $1.97. The company had revenue of $26472.00 million for the quarter, compared to analysts expectations of $26489.16 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Home Depot Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 155 from a previous price target of $150 .Company shares were Reiterated by Wedbush on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 145 from a previous price target of $140 .Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.

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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