Ken Fisher (Trades, Portfolio) is a billionaire fund manager managing ~$48 bn worth of equity assets through his investment advisory firm Fisher Asset Management, LLC. The firm uses a combination of top-down macroeconomic research and bottom-up, fundamental stock selection process in order to identify potential candidates for its portfolio. The Home Depot, Inc. (HD) is one of the major holdings of the firm. As of the last quarter, Fisher Asset Management was holding 8,294,708 shares of the company. Here's a look at the company in detail.
The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for the fiscal 2013. The Home Depot stores sell a wide assortment of building materials, home improvement products and lawn and garden products and provide a number of services. The company's EPS forecast for the current year is $4.49 and next year is $5.23. According to the consensus estimates, its top line is expected to grow 4.9% current year and 4.5% next year. It is trading at a forward P/E of 21.16. Out of 32 analysts covering the company, 19 are positive and have buy recommendations, and 13 have hold ratings. Continue Reading »