Calamos Wealth Management LLC trimmed its position in shares of The Home Depot, Inc. (NYSE:HD – Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,456 shares of the home improvement retailer’s stock after selling 2,119 shares during the period. Calamos Wealth Management LLC’s holdings in Home Depot were worth $16,346,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Home Depot during the 2nd quarter worth $28,771,247,000. State Street Corp raised its stake in Home Depot by 1.1% in the 2nd quarter. State Street Corp now owns 47,175,026 shares of the home improvement retailer’s stock valued at $16,637,688,000 after acquiring an additional 499,168 shares during the period. Bank of America Corp DE bought a new stake in Home Depot in the 2nd quarter valued at about $5,780,468,000. Bank of New York Mellon Corp purchased a new stake in Home Depot during the second quarter valued at about $2,777,396,000. Finally, Amundi lifted its holdings in Home Depot by 26.4% during the second quarter. Amundi now owns 7,339,614 shares of the home improvement retailer’s stock valued at $2,588,535,000 after purchasing an additional 1,533,276 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the completion of the sale, the executive vice president directly owned 14,061 shares in the company, valued at $4,622,834.97. This represents a 14.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $336.76, for a total transaction of $239,099.60. Following the sale, the executive vice president owned 6,838 shares of the company’s stock, valued at approximately $2,302,764.88. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,829 shares of company stock valued at $3,339,314 over the last quarter. Company insiders own 0.08% of the company’s stock.
Home Depot Price Performance
NYSE HD traded down $6.46 on Friday, hitting $343.48. The stock had a trading volume of 5,519,119 shares, compared to its average volume of 4,736,680. The Home Depot, Inc. has a 52-week low of $277.15 and a 52-week high of $397.63. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The company has a market capitalization of $342.69 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The firm has a 50-day moving average of $309.42 and a 200-day moving average of $334.08.
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 earnings per share. Home Depot’s revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current year.
Home Depot Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 3rd. Home Depot’s dividend payout ratio (DPR) is 65.22%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $398.00 target price on shares of Home Depot in a research report on Tuesday, August 18th. Sanford C. Bernstein lowered their price target on shares of Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 9th. Melius Research set a $397.00 price target on shares of Home Depot in a research note on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Home Depot in a report on Friday, October 2nd. Finally, TD Cowen reiterated a “buy” rating on shares of Home Depot in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $375.31.
Read Our Latest Report on Home Depot
About Home Depot
The Home Depot, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and other businesses. The company sells building materials, tools, hardware, appliances, paint, flooring, and products for home maintenance, repair and renovation, as well as lawn and garden supplies.
In addition to its retail stores and online channels, Home Depot offers services such as product delivery, equipment rental and home improvement installation. The company was founded in 1978 and is headquartered in Atlanta, Georgia.
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