SEC Filing: As Home Depot INC (HD) Share Value Declined, Shareholder Los Angeles Capital Management & Equity Research INC Decreased Holding

SEC Filing: As Home Depot INC (HD) Share Value Declined, Shareholder Los Angeles Capital Management & Equity Research INC Decreased Holding

Los Angeles Capital Management & Equity Research Inc decreased its stake in Home Depot Inc (HD) by 47.01% based on its latest 2016Q3 regulatory filing with the SEC. Los Angeles Capital Management & Equity Research Inc sold 455,606 shares as the company’s stock declined 0.73% while stock markets rallied. The institutional investor held 513,595 shares of the consumer services company at the end of 2016Q3, valued at $66.09 million, down from 969,201 at the end of the previous reported quarter. Los Angeles Capital Management & Equity Research Inc who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $166.94 billion market cap company. The stock is down 0.63% or $0.86 after the negative news, hitting $135.24 per share. About 2.63 million shares traded hands. Home Depot Inc (NYSE:HD) has risen 4.76% since June 7, 2016 and is uptrending. It has underperformed by 2.67% the S&P500.

Los Angeles Capital Management & Equity Research Inc, which manages about $15.74B and $12.00 billion US Long portfolio, upped its stake in Microchip Technology (NASDAQ:MCHP) by 143,950 shares to 245,464 shares, valued at $15.25 million in 2016Q3, according to the filing. It also increased its holding in Six Flags Entmt Corp Ne (NYSE:SIX) by 139,983 shares in the quarter, for a total of 249,208 shares, and has risen its stake in American Express Co (NYSE:AXP).

Los Angeles Capital Management & Equity Research Inc is a California-based institutional investor with more than $15.74 billion AUM in December, 2014. Taken from Los Angeles Capital Management & Equity Research latest Adv, the fund reported to have 47 full and part-time employees. Among which 24 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q3 2016. Its down 0.07, from 0.92 in 2016Q2. The ratio worsened, as 69 funds sold all HD shares owned while 642 reduced positions. 96 funds bought stakes while 509 increased positions. They now own 837.48 million shares or 3.74% less from 870.00 million shares in 2016Q2. Cap Ca last reported 7,400 shares in the company. Capstone Investment Ltd Com owns 373 shares or 0% of their US portfolio. Ngam Advsr Ltd Partnership holds 0.27% or 163,357 shares in its portfolio. Cim Mangement last reported 0.49% of its portfolio in the stock. Nelson Van Denburg Campbell Wealth Management Ltd Liability, a Nebraska-based fund reported 12,079 shares. Hemenway Trust Com Limited Liability Corp has invested 1.65% of its portfolio in Home Depot Inc (NYSE:HD). Skylands Ltd holds 0.24% of its portfolio in Home Depot Inc (NYSE:HD) for 12,100 shares. Putnam Fl Management Company holds 0.02% of its portfolio in Home Depot Inc (NYSE:HD) for 1,667 shares. Mairs last reported 0.34% of its portfolio in the stock. North Point Port Managers Corporation Oh has 112,736 shares for 2.76% of their US portfolio. The New York-based Evercore Wealth Lc has invested 2.23% in Home Depot Inc (NYSE:HD). The Massachusetts-based Ballentine Prtn Limited Com has invested 0.09% in Home Depot Inc (NYSE:HD). Strategic Ltd Llc last reported 34,008 shares in the company. Qs Investors Limited Liability has invested 0.36% of its portfolio in Home Depot Inc (NYSE:HD). Lombard Odier Transatlantic Lp last reported 2,500 shares in the company.

Insider Transactions: Since August 17, 2016, the stock had 2 insider buys, and 8 sales for $28.42 million net activity. 97,610 shares were sold by TOME CAROL B, worth $13.21M. Another trade for 10,000 shares valued at $1.35M was made by Decker Edward P. on Friday, August 19. $1.25M worth of shares were sold by Roseborough Teresa Wynn on Wednesday, November 16. BOYD JEFFERY H bought 10,000 shares worth $1.28M. 15,000 Home Depot Inc (NYSE:HD) shares with value of $1.95 million were bought by VADON MARK C. Shares for $963,530 were sold by Campbell Ann Marie. Crow Timothy M had sold 49,392 shares worth $6.67 million on Thursday, August 18.

Analysts await Home Depot Inc (NYSE:HD) to report earnings on February, 28. They expect $1.32 earnings per share, up 12.82% or $0.15 from last year’s $1.17 per share. HD’s profit will be $1.63B for 25.61 P/E if the $1.32 EPS becomes a reality. After $1.60 actual earnings per share reported by Home Depot Inc for the previous quarter, Wall Street now forecasts -17.50% negative EPS growth.

More notable recent Home Depot Inc (NYSE:HD) news were published by: Fool.com which released: “Why Home Depot Inc Gained Just 1% in 2016” on January 09, 2017, also Fool.com with their article: “How Risky Is Home Depot Inc. Stock?” published on December 23, 2016, Fool.com published: “Better Buy: Wal-Mart Stores Inc. vs. Home Depot Inc.” on December 28, 2016. More interesting news about Home Depot Inc (NYSE:HD) were released by: Fool.com and their article: “3 Signs Home Depot Inc.’s Best Days Are Ahead” published on December 20, 2016 as well as Fool.com‘s news article titled: “5 Things to Know Before You Buy Home Depot Inc. Stock” with publication date: December 29, 2016.

According to Zacks Investment Research, “Home Depot is the one of world’s largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers, as well as home improvement, construction and building maintenance professionals. The Home Depot currently operates in the USA, Canada, Chile, Puerto Rico, and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager’s Hardware in New Jersey.”

Home Depot Inc (NYSE:HD) Ratings Coverage

Out of 21 analysts covering The Home Depot Inc. (NYSE:HD), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. The Home Depot Inc. has been the topic of 44 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by UBS given on Wednesday, November 18. The company was maintained on Wednesday, August 17 by Citigroup. The rating was maintained by Goldman Sachs on Wednesday, April 6 with “Neutral”. As per Tuesday, May 24, the company rating was initiated by Topeka Capital Markets. Jefferies maintained it with “Buy” rating and $156 target price in Friday, May 13 report. The stock of Home Depot Inc (NYSE:HD) has “Buy” rating given on Tuesday, August 2 by Stifel Nicolaus. The company was maintained on Tuesday, August 25 by SEB Equity Research. RBC Capital Markets maintained it with “Outperform” rating and $146 target price in Wednesday, November 16 report. As per Saturday, August 29, the company rating was downgraded by Vetr. The firm earned “Buy” rating on Wednesday, August 17 by Deutsche Bank.

HD Company Profile

The Home Depot, Inc. (The Home Depot), incorporated on June 29, 1978, is a home improvement retailer. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with over 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) clients and professional customers. The Firm has approximately 2,270 stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada and Mexico.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Reply

Be the First to Comment!

Notify of
avatar

wpDiscuz