Calamos Advisors LLC Has $112.81 Million Stock Holdings in The Home Depot, Inc. $HD

Calamos Advisors LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,402 shares of the home improvement retailer’s stock after buying an additional 20,945 shares during the period. Calamos Advisors LLC’s holdings in Home Depot were worth $112,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Mainstay Capital Management LLC ADV acquired a new stake in Home Depot in the 2nd quarter worth approximately $263,000. WealthPlan Investment Management LLC acquired a new position in Home Depot during the second quarter valued at approximately $1,149,000. Tower View Wealth Management LLC lifted its stake in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after buying an additional 671 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Home Depot in the first quarter worth $3,851,000. Finally, Shell Asset Management Co. boosted its holdings in shares of Home Depot by 45.2% during the 2nd quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after buying an additional 15,002 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. HSBC dropped their target price on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Telsey Advisory Group lowered their target price on Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. DZ Bank reiterated a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Finally, KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price objective on the stock. in a research note on Wednesday, November 19th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $402.10.

Home Depot Price Performance

Shares of NYSE:HD opened at $344.06 on Friday. The business’s 50 day moving average is $357.98 and its 200-day moving average is $377.49. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $342.52 billion, a PE ratio of 23.45, a PEG ratio of 12.82 and a beta of 1.08. The Home Depot, Inc. has a 1-year low of $326.31 and a 1-year high of $426.75.

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

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 2,872 shares of Home Depot stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,963 shares of company stock valued at $1,748,845 over the last quarter. 0.10% of the stock is owned by company insiders.

Home Depot Company 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.