Stocks
The Home Depot Attracts Institutional Investors Amid Increased Demand
The Home Depot's stock continues to attract investors as institutional and hedge funds boost their stakes in the company. According to recent disclosures, Proficio Capital Partners LLC increased its position by 109.3% in the second quarter.
The institutional investor acquired an additional 6,682 shares during the quarter, owning a total of 12,798 shares worth $4,514,000 at the end of the most recent quarter.
Other investors such as Parvin Asset Management LLC and Zeit Capital LLC also purchased new positions in Home Depot's stock. The company's institutional ownership stands at 70.86%, with analysts expecting it to report 15 EPS for the current year.