Benin Management Has $363,000 Stake in Home Depot Inc (HD)
Benin Management maintained its position in shares of Home Depot Inc (NYSE:HD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,744 shares of the home improvement retailer’s stock at the end of the fourth quarter. Benin Management’s holdings in Home Depot were worth $363,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Jennison Associates boosted its stake in shares of Home Depot by 4.6% in the third quarter. Jennison Associates now owns 1,176,503 shares of the home improvement retailer’s stock worth $135,874,000 after buying an additional 52,138 shares in the last quarter. Saturna Capital boosted its stake in Home Depot by 215.5% in the third quarter. Saturna Capital now owns 2,865 shares of the home improvement retailer’s stock worth $331,000 after buying an additional 1,957 shares in the last quarter. Terra Nova Asset Management boosted its stake in Home Depot by 19.1% in the third quarter. Terra Nova Asset Management now owns 3,745 shares of the home improvement retailer’s stock worth $433,000 after buying an additional 600 shares in the last quarter. Palo Capital boosted its stake in Home Depot by 20.8% in the third quarter. Palo Capital now owns 2,900 shares of the home improvement retailer’s stock worth $335,000 after buying an additional 500 shares in the last quarter. Finally, Gerstein Fisher boosted its stake in Home Depot by 3.4% in the third quarter. Gerstein Fisher now owns 48,253 shares of the home improvement retailer’s stock worth $5,573,000 after buying an additional 1,592 shares in the last quarter.
Shares of Home Depot Inc (NYSE:HD) traded up 0.51% during mid-day trading on Tuesday, reaching $122.33. 2,162,781 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $128.36 and a 200 day moving average of $122.12. The firm has a market capitalization of $155.10 billion and a P/E ratio of 22.95. Home Depot Inc has a one year low of $92.17 and a one year high of $135.47.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 17th. The home improvement retailer reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.04. During the same period last year, the company posted $1.11 EPS. The company had revenue of $21.80 billion for the quarter, compared to analysts’ expectations of $21.77 billion. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts forecast that Home Depot Inc will post $5.34 EPS for the current fiscal year.
A number of equities analysts recently commented on HD shares. Deutsche Bank raised shares of Home Depot from a “hold” rating to a “buy” rating and raised their price target for the stock from $122.76 to $135.00 in a research report on Monday. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued a “buy” rating on shares of Home Depot in a report on Thursday, January 21st. Jefferies Group reissued a “buy” rating and issued a $145.00 target price on shares of Home Depot in a report on Thursday, December 10th. Oppenheimer reissued an “outperform” rating on shares of Home Depot in a report on Wednesday, December 9th. Finally, Nomura raised their target price on shares of Home Depot from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, December 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and an average target price of $135.74.
The Home Depot, Inc. (NYSE:HD) 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 104,000 square feet of enclosed space, with approximately 24,000 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 2,269 The Home Depot stores, which included 1,977 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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