Calamos Wealth Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,216 shares of the home improvement retailer’s stock after purchasing an additional 1,778 shares during the period. Calamos Wealth Management LLC’s holdings in Home Depot were worth $19,804,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in HD. Advocate Investing Services LLC bought a new position in Home Depot during the fourth quarter worth about $25,000. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after acquiring an additional 33 shares during the last quarter. Cache Advisors LLC bought a new stake in shares of Home Depot during the 1st quarter worth approximately $27,000. Key Capital Management INC acquired a new stake in Home Depot in the fourth quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Home Depot in the first quarter valued at about $28,000. 70.86% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on HD shares. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group cut their price target on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Wells Fargo & Company reduced their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Gordon Haskett increased their price objective on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. Finally, Jefferies Financial Group reduced their price target on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $371.71.
Home Depot Stock Performance
Shares of HD stock opened at $337.26 on Tuesday. The Home Depot, Inc. has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $336.28 billion, a P/E ratio of 23.95, a PEG ratio of 3.96 and a beta of 0.95. The firm’s 50 day moving average is $325.21 and its 200 day moving average is $345.40.
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.
Home Depot Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is currently 66.19%.
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.
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