Townsquare Capital LLC Has $4.54 Million Position in The Home Depot, Inc. $HD

Townsquare Capital LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 22.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,194 shares of the home improvement retailer’s stock after selling 3,227 shares during the quarter. Townsquare Capital LLC’s holdings in Home Depot were worth $4,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centerpoint Advisory Group grew its holdings in Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after purchasing an additional 26 shares during the period. Disciplined Investors L.L.C. boosted its position in shares of Home Depot by 2.3% during the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after purchasing an additional 26 shares in the last quarter. Brio Consultants LLC grew its holdings in shares of Home Depot by 4.7% in the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after buying an additional 26 shares during the period. Emprise Bank increased its position in shares of Home Depot by 0.8% in the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after buying an additional 26 shares in the last quarter. Finally, Stegent Equity Advisors Inc. raised its stake in Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after buying an additional 26 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot News Roundup

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

• Positive Sentiment: Management is cutting roughly 800 corporate roles as part of a reorganization intended to speed decision-making and redirect resources toward frontline stores—cost reductions could support margins and near-term EPS if savings are realized. Home Depot to cut 800 corporate jobs at its Atlanta store support center
• Positive Sentiment: Product placement: Home Depot will carry Back to the Roots’ 100% organic heirloom seed line across about 2,000 U.S. stores — a seasonal merchandising boost for the gardening category that can drive incremental traffic and sales in spring. Back to the Roots Expands Organic Heirloom Seed Line to The Home Depot Stores Nationwide
• Neutral Sentiment: Analysts remain mixed on Home Depot’s outlook; some see resilience in discretionary demand while others point to housing headwinds — mixed analyst views mean guidance and upcoming comps will likely drive short-term trading more than a unanimous thesis. Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Home Depot (HD) and Starbucks (SBUX)
• Negative Sentiment: The scale of the cuts and an order for corporate employees to return to the office five days a week are being interpreted as management reacting to a slowdown (notably a frozen housing market). That raises concern about lower same-store sales and traffic ahead, which could pressure revenue and the stock until comps or guidance rebound. Home Depot Cuts 800 Workers, Orders Corporate Workers Back to Office Full Time

Insider Transactions at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $348.52, for a total value of $1,000,949.44. Following the completion of the sale, the executive vice president owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. The trade was a 17.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This trade represents a 33.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Trading Down 0.9%

Home Depot stock opened at $371.91 on Friday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $370.24 billion, a P/E ratio of 25.35, a PEG ratio of 13.99 and a beta of 1.08. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock has a 50-day simple moving average of $359.07 and a 200 day simple moving average of $378.68.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $2.30 per share. The ex-dividend date was Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.5%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Analyst Ratings Changes

Several equities research analysts have issued reports on HD shares. Morgan Stanley increased their price target on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. KGI Securities cut Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 target price for the company. in a research note on Wednesday, November 19th. Argus cut their price target on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Citigroup lowered their price objective on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Wells Fargo & Company cut their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $404.50.

Home Depot Profile

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.