Home Depot Sees Increased Institutional Investment Amid Earnings Growth
HBK Sorce Advisory LLC recently invested $5.32 million in The Home Depot, Inc. (NYSE:HD) by acquiring a new position of 15,056 shares.
This move is part of a larger trend of institutional investors increasing their stakes in the home improvement retailer. Other notable investments include Advocate Investing Services LLC and Zeit Capital LLC.
The company's recent quarterly earnings surpassed expectations, with revenue exceeding $47.86 billion for the quarter.