Townsquare Capital LLC Has $30.94 Million Stake in The Home Depot, Inc. (NYSE:HD)

Townsquare Capital LLC grew its holdings in The Home Depot, Inc. (NYSE:HD - Free Report) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,356 shares of the home improvement retailer's stock after buying an additional 7,209 shares during the quarter. Townsquare Capital LLC's holdings in Home Depot were worth $30,939,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new stake in Home Depot in the 2nd quarter worth about $33,000. Denver PWM LLC acquired a new stake in Home Depot in the 2nd quarter worth about $40,000. Livelsberger Financial Advisory purchased a new stake in Home Depot in the 3rd quarter valued at about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Home Depot during the 2nd quarter valued at about $47,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on HD. JPMorgan Chase & Co. upped their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a report on Monday, November 11th. Gordon Haskett upgraded Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 target price for the company in a report on Wednesday, October 2nd. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $426.00.

Home Depot Stock Performance

Shares of HD stock traded up $0.42 during trading hours on Wednesday, reaching $427.69. 924,065 shares of the company's stock were exchanged, compared to its average volume of 3,386,617. The business has a fifty day moving average price of $405.09 and a 200-day moving average price of $370.41. The stock has a market capitalization of $424.85 billion, a P/E ratio of 29.14, a P/E/G ratio of 2.98 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a fifty-two week low of $308.59 and a fifty-two week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the business earned $3.81 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.10%. Home Depot's payout ratio is currently 61.14%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.