Calamos Wealth Management LLC Sells 2,119 Shares of The Home Depot, Inc. $HD

Calamos Wealth Management LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,456 shares of the home improvement retailer’s stock after selling 2,119 shares during the quarter. Calamos Wealth Management LLC’s holdings in Home Depot were worth $16,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. Bank of Nova Scotia purchased a new stake in shares of Home Depot during the second quarter valued at approximately $118,723,000. AFT Forsyth & Company Inc. purchased a new position in Home Depot in the 2nd quarter worth approximately $1,896,000. Field & Main Bank purchased a new position in Home Depot in the 2nd quarter worth approximately $6,286,000. State Street Corp raised its holdings 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 worth $16,637,688,000 after acquiring an additional 499,168 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Home Depot by 9.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,096 shares of the home improvement retailer’s stock valued at $17,315,000 after acquiring an additional 4,292 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of Home Depot stock traded down $6.46 during trading hours on Friday, reaching $343.48. The company’s stock had a trading volume of 5,519,119 shares, compared to its average volume of 4,736,680. The firm has a 50 day moving average price of $309.42 and a 200-day moving average price of $334.08. The Home Depot, Inc. has a one year low of $277.15 and a one year high of $397.63. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The stock has a market cap of $342.69 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.43 and a beta of 0.93.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, September 3rd. Home Depot’s payout ratio is presently 65.22%.

Insider Buying and Selling at Home Depot

In other news, CAO Kimberly R. Scardino sold 675 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $305.95, for a total transaction of $206,516.25. Following the sale, the chief accounting officer directly owned 8,189 shares in the company, valued at $2,505,424.55. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Roseborough sold 2,455 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $328.77, for a total value of $807,130.35. Following the transaction, the executive vice president directly owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,829 shares of company stock valued at $3,339,314. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. TD Cowen restated a “buy” rating on shares of Home Depot in a research report on Monday, August 10th. Stifel Nicolaus cut their target price on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research report on Monday, October 26th. Argus reiterated a “buy” rating and set a $400.00 target price on shares of Home Depot in a research note on Wednesday, August 19th. Melius Research set a $397.00 price target on Home Depot in a report on Tuesday, October 6th. Finally, UBS Group restated a “buy” rating on shares of Home Depot in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.31.

Home Depot Profile

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.