Depot

Home Depot Inc (NYSE:HD) Shares Sold by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL lessened its holdings in shares of Home Depot Inc (NYSE:HD) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 79,788 shares of the home improvement retailer’s stock after selling 793 shares during the period. Gofen & Glossberg LLC IL’s holdings in Home Depot were worth $22,158,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HD. Skandinaviska Enskilda Banken AB publ lifted its position in Home Depot by 1.3% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 326,905 shares of the home improvement retailer’s stock worth $61,036,000 after acquiring an additional 4,303 shares during the period. ETF Managers Group LLC grew its position in Home Depot by 11.4% in the 1st quarter. ETF Managers Group LLC now owns 1,448 shares of the home improvement retailer’s stock valued at $284,000 after buying an additional 148 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Home Depot in the 1st quarter valued at $111,444,000. Geode Capital Management LLC raised its position in Home Depot by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 16,956,982 shares of the home improvement retailer’s stock worth $3,160,862,000 after buying an additional 191,403 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its holdings in shares of Home Depot by 11.1% in the first quarter. Intact Investment Management Inc. now owns 52,900 shares of the home improvement retailer’s stock valued at $9,877,000 after acquiring an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

In related news, EVP William G. Lennie sold 13,199 shares of the stock in a transaction that occurred on Wednesday,

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Exane Derivatives Lowers Position in Home Depot Inc (NYSE:HD)

Exane Derivatives decreased its stake in Home Depot Inc (NYSE:HD) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 461 shares of the home improvement retailer’s stock after selling 94 shares during the quarter. Exane Derivatives’ holdings in Home Depot were worth $128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Price Wealth LLC boosted its holdings in Home Depot by 138.5% in the 2nd quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after buying an additional 72 shares during the period. Selective Wealth Management Inc. raised its stake in Home Depot by 243.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Evolution Wealth Advisors LLC lifted its holdings in Home Depot by 138.8% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 111 shares in the last quarter. NuWave Investment Management LLC bought a new position in Home Depot in the 2nd quarter worth approximately $57,000. Finally, Your Advocates Ltd. LLP raised its position in shares of Home Depot by 51.4% during the second quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock valued at $57,000 after buying an additional 75 shares during the last quarter. 69.00% of the stock is currently owned by hedge funds and other institutional investors.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 41,947 shares of the

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Is Home Depot a Safe Bet During the Pandemic?

With fiscal second-quarter sales growth of 23.4%, it’s safe to say Home Depot (NYSE: HD) has performed quite well during the coronavirus pandemic. As an essential business, the home improvement behemoth was able to keep its doors open to serve the needs of millions of shoppers.

Its stock price has risen 30% so far this year, driven by impressive results from the do-it-yourself (DIY) segment. But for Home Depot to position itself for long-term success, its Pro business is the key.

Pandemic-fueled growth

From fiscal 2009 through fiscal 2019, Home Depot’s sales increased at a compound annual rate of 5.2%. The company has largely left its store growth unchanged with less than 50 net additions in that 10-year period, but management introduced initiatives like the One Home Depot strategy to boost efficiency within its existing store network. The company has reported positive comparable-sales growth for 10 years running.

Then, the coronavirus pandemic took hold earlier this year, closing down large swathes of the U.S. economy and at the same time creating an advantageous environment for Home Depot. With Americans stuck inside their homes, many chose to prioritize home improvement projects over other leisure and entertainment spending that has not been available in 2020.

coronavirus headlines sitting on top of 100 dollar bills

Image source: Getty Images.

In the quarter ended Aug. 2, the company generated record-breaking sales of $38.1 billion. Supported by government stimulus measures, including deposits of $1,200 made to most Americans’ bank accounts, Home Depot’s DIY segment outpaced its Pro segment in the quarter. The money not spent on dining out and travel instead went toward fixing up the home.

Professional customers

The success with the DIY customer is promising for Home Depot, but its future relies on the Pro segment. In 2017, the company began a multiyear, $11 billion program to bolster its digital offerings and

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An EF-3 Tornado Destroyed It In 2019, Today A Dallas Home Depot Store Reopens

DALLAS (CBSDFW.COM) – The Home Depot store on Forest Lane in Dallas will reopen October 8, nearly a year after being ripped apart by a powerful tornado.

It was on October 20, 2019 when an EF-3 tornado swept through North Dallas, causing part of the store to collapse. On that one day there were 10 tornadoes — in Dallas, Garland and Richardson — that caused some $2 billion in damage to homes and businesses.

Today customers at the North Dallas location were happy to have their neighborhood home improvement store back open for business.

Customer Frank Jeffreys said, “It’s good to see them back smiling again, because it was such a hard time for them. I know it was, because it was pretty devastating when it [tornado] came through.”





© Provided by CBS Dallas


“Nice to be back home,” assistant store manager Jordan Jasper told CBS 11 News, be he admitted it took vision to get everything done. “We had a store that needed to be put back together and my mindset was ‘let’s figure out what we need to pick up and what we need to move out of the way so we can open up tomorrow at 6 a.m.’”

On Wednesday the store hosted a ‘board cutting’ — as opposed to the traditional ribbon cutting — to celebrate today’s reopening.

The store will have between 200 and 250 employees and associates, and if you’re looking for a job they’re still hiring.

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The Home Depot Announces 2020 Innovation Award Winners

Breakthroughs in cooking take top two spots

ATLANTA, Oct. 7, 2020 /PRNewswire/ — The Home Depot® today recognized the latest product innovations to hit shelves, in store and online, with the announcement of its 2020 Innovation Award winners. Supporting its DIY and Pro customers, the retailer, its merchants, and suppliers have continued to bring state-of-the-art products to the market throughout 2020.   


The Home Depot announces 2020 Innovation Award Winners

This year, The Home Depot’s overall Innovation Award winner and first runner up define innovation in cooking platforms. From frying to grilling and smoking, the top two products elevate the at-home cooking experience. In addition to appliances and grills, finalists cover categories from across the home including lighting, home security, flooring and more.

Top winners include:  

Overall Winner: The Frigidaire Air Fry Range by Electrolux saves time and space with its all-in-one stove, oven and new Air Fry Range cooking capabilities. The large-scale cooking capacity features no-flip technology that allows food to crisp evenly on all sides.

First Runner Up: The Masterbuilt Gravity-Fed Grill/Smoker enables quick-start cooking by reaching peak temperatures of 700°F faster than ever – in just 13 minutes. The innovative gravity technology holds over 12 hours of charcoal, ensuring constant fuel. Smart control technology allows for hands-off smoking, grilling, searing, baking, or roasting.

Second Runner Up: The Lutron Sunnata Touch Dimmer with LED+ Technology installs within 15 minutes with existing wiring, offering custom light control using the same captive-touch technology applied in modern touch screens to enable fast, accurate and responsive action.

“As the product authority in home improvement, we are honored to recognize our supplier partners who bring the most innovative and exclusive products to the market that deliver the best value to our customers,” said Ted Decker, president and chief operating officer for The Home Depot. “Today, we acknowledge our

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