Hudson Valley Investment Advisors Inc Adv buys $8,837,640 stake in Home Depot Inc (HD)

Home Depot Inc (HD) : Hudson Valley Investment Advisors Inc Adv scooped up 1,179 additional shares in Home Depot Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 69,451 shares of Home Depot Inc which is valued at $8,837,640.Home Depot Inc makes up approximately 2.73% of Hudson Valley Investment Advisors Inc Adv’s portfolio.

Other Hedge Funds, Including , Sadoff Investment Management reduced its stake in HD by selling 26,679 shares or 6.89% in the most recent quarter. The Hedge Fund company now holds 360,400 shares of HD which is valued at $46,242,924. Home Depot Inc makes up approx 5.13% of Sadoff Investment Management’s portfolio.Acropolis Investment Management boosted its stake in HD in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 6,711 shares of Home Depot Inc which is valued at $856,189. Home Depot Inc makes up approx 0.16% of Acropolis Investment Management’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in HD by selling 99 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 26,722 shares of HD which is valued at $3,409,193. Home Depot Inc makes up approx 0.63% of Franklin Street Advisors Inc Nc’s portfolio.Harbour Capital Advisors boosted its stake in HD in the latest quarter, The investment management firm added 1,165 additional shares and now holds a total of 9,973 shares of Home Depot Inc which is valued at $1,272,355. Home Depot Inc makes up approx 0.69% of Harbour Capital Advisors’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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