Clear Harbor Puts Bet on Home Depot Growth

Clear Harbor Asset Management LLC has acquired new holdings in The Home Depot, Inc. (NYSE:HD). According to its most recent Form 13F filing with the Securities & Exchange Commission, Clear Harbor purchased 24,883 shares of the home improvement retailer's stock, valued at approximately $8,776,000.

This is not an isolated instance, as several other institutional investors have also modified their holdings in Home Depot. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% in the third quarter, and Zeit Capital LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at $26,000.

The company has seen significant growth, with quarterly revenue up 5.7% compared to the same period last year. The Home Depot reported fiscal second-quarter sales of $47.86 billion, exceeding analyst estimates of $47.24 billion. Adjusted earnings of $4.92 per share exceeded the $4.73 consensus estimate.