Hayek Kallen Invests $1.69 Million in Home Depot as Earnings Exceed Expectations

Hayek Kallen Investment Management recently bought 4,781 shares of The Home Depot, Inc. (NYSE:HD) in a $1.69 million position.

This is not an isolated move; several other hedge funds have also made changes to their positions in the company over the past few quarters.

The Home Depot's latest quarterly results exceeded expectations, with earnings of $4.92 per share versus the $4.73 consensus and revenue of $47.86 billion, up 5.7% year over year.

CFO Richard McPhail and merchandising executive Billy Bastek will present at the Goldman Sachs Global Consumer and Retail Conference on September 15, where they may provide updated commentary on demand and housing trends.