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

Townsquare Capital LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 10.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 76,356 shares of the home improvement retailer’s stock after buying an additional 7,209 shares during the period. Townsquare Capital LLC’s holdings in Home Depot were worth $30,939,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fairway Wealth LLC bought a new position in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. Denver PWM LLC bought a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Home Depot during the second quarter worth about $47,000. 70.86% of the stock is owned by institutional investors.

Home Depot Stock Up 0.2 %

Home Depot stock opened at $429.62 on Wednesday. The company has a market capitalization of $426.77 billion, a PE ratio of 29.19, a PEG ratio of 2.98 and a beta of 1.01. The Home Depot, Inc. has a 12-month low of $308.59 and a 12-month high of $439.37. The firm’s fifty day moving average is $405.09 and its 200 day moving average is $370.41. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the prior year, the business earned $3.81 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $2.25 per share. 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 2.09%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HD shares. Morgan Stanley upped their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research report on Wednesday, October 2nd. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Finally, Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was 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 in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

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.