The Home Depot, Inc. $HD Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its position in The Home Depot, Inc. (NYSE:HD) by 6.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,283 shares of the home improvement retailer’s stock after buying an additional 4,434 shares during the period. Home Depot comprises 1.0% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Calamos Wealth Management LLC’s holdings in Home Depot were worth $27,668,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after buying an additional 1,494,615 shares in the last quarter. State Street Corp grew its stake in Home Depot by 0.7% in the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock valued at $16,871,246,000 after acquiring an additional 300,352 shares during the period. Geode Capital Management LLC increased its holdings in Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after acquiring an additional 327,674 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Home Depot by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after acquiring an additional 153,582 shares during the period. Finally, Norges Bank purchased a new position in Home Depot during the second quarter valued at $4,885,603,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Down 0.7%

Shares of Home Depot stock opened at $344.06 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The stock’s 50 day simple moving average is $357.98 and its 200-day simple moving average is $377.49. The stock has a market cap of $342.52 billion, a P/E ratio of 23.45, a P/E/G 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 posted its quarterly 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). The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. Home Depot’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. Home Depot’s payout ratio is presently 62.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HD. Piper Sandler cut their target price on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Truist Financial set a $390.00 price objective on Home Depot in a report on Wednesday, December 17th. Morgan Stanley reissued an “outperform” rating on shares of Home Depot in a report on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating and issued a $424.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research report on Monday. Twenty-one equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $402.10.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the transaction, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This represents a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is currently owned by 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.