Equitable Holdings Acquires New Stake in Home Depot

Equitable Holdings Inc., an institutional investor, recently purchased a new stake in The Home Depot, Inc. (NYSE:HD), valued at approximately $21,289,000. This purchase consisted of 60,363 shares of the home improvement retailer's stock, according to its most recent disclosure with the Securities & Exchange Commission.

As reported by MarketBeat, several other hedge funds also recently added to or reduced their stakes in Home Depot. Notably, BlackRock Inc. acquired a new position in shares of Home Depot in the second quarter valued at $28,771,247,000.

The Home Depot, Inc., with a market cap of $318.96 billion, has seen its stock perform well this year. The company's 50-day moving average price is $340.90 and its 200 day moving average price is $337.53. Analysts maintain a 'Moderate Buy' consensus rating and an average price target above the current trading level.