Stocks
Home Depot Sees Institutional Investor Support Amid Earnings Beat
MSH Capital Advisors LLC made a new investment in The Home Depot, Inc. (NYSE:HD), purchasing 3,597 shares worth approximately $1,269,000 in the second quarter.
This is not the only institutional investor to have added to their stake in the home improvement retailer recently. BlackRock Inc. bought a new stake worth $28.77 billion during the same period, while Norges Bank purchased 4.85 billion dollars' worth of shares in the fourth quarter.
The company's quarterly earnings report exceeded analyst expectations, with revenue up 5.7% year over year and adjusted diluted EPS of $4.92 beating consensus estimates by $0.19.