The Home Depot, Inc. $HD Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC reduced its position in The Home Depot, Inc. (NYSE:HD) by 28.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,962 shares of the home improvement retailer’s stock after selling 3,232 shares during the quarter. Townsquare Capital LLC’s holdings in Home Depot were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the period. Sivia Capital Partners LLC grew its holdings in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares during the period. Schnieders Capital Management LLC. grew its holdings in Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after purchasing an additional 1,433 shares during the period. Darwin Wealth Management LLC acquired a new stake in Home Depot in the second quarter valued at approximately $1,773,000. Finally, Financial Advisors Network Inc. raised its position in Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after acquiring an additional 241 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. Gordon Haskett reduced their price objective on shares of Home Depot from $330.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research report on Wednesday, May 20th. Robert W. Baird reduced their price objective on shares of Home Depot from $430.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. BNP Paribas Exane reduced their price objective on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Finally, Oppenheimer reduced their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research report on Monday, May 18th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.36.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Analysts and commentators are highlighting Home Depot as a high-quality long-term compounder with a strong competitive moat, which can support buying interest on weakness. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Coverage is focused on Home Depot’s Pro expansion strategy, including recent acquisitions such as Mingledorff’s, SRS, and GMS, which could deepen its contractor/logistics platform and expand cross-selling opportunities. Home Depot’s Expansion Play: Building Scale or Growth Story?
• Positive Sentiment: Jim Cramer said Home Depot looks like “a good level,” which may encourage dip-buying from retail investors and traders. Jim Cramer on Home Depot: “I Think That This Is a Good Level”
• Positive Sentiment: Home Depot continues to draw “buy” and “outperform” calls from Wall Street, reinforcing confidence in the stock’s longer-term earnings power. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Positive Sentiment: Recent reporting also points to a legal win that may reduce liability risk, while broader market rotation into non-tech names is benefiting retailers like Home Depot. Home Depot shares jump 3.2% as investors weigh recent legal win, Pro-expansion updates, and a broader risk-on tape
• Neutral Sentiment: Several articles are more promotional or commentary-driven than fundamentally new, so they may be adding to investor optimism without changing the core business outlook. My Favorite S&P 500 Stock to Buy During the Dip
• Negative Sentiment: Some recent coverage notes that cyclical economic pressures have hurt Home Depot’s results, which remains a headwind for the stock even amid positive long-term commentary. My Favorite S&P 500 Stock to Buy During the Dip

Home Depot Stock Performance

NYSE:HD opened at $319.80 on Thursday. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The stock has a market capitalization of $318.88 billion, a PE ratio of 22.71, a P/E/G ratio of 3.71 and a beta of 0.97. The company has a fifty day moving average of $322.51 and a two-hundred day moving average of $347.29. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same quarter in the prior year, the firm earned $3.56 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is presently 66.19%.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.