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Calamos Wealth Management LLC Acquires 857 Shares of The Home Depot, Inc. $HD

Home Depot logo with Retail/Wholesale background

Key Points

  • Calamos Wealth Management LLC increased its stake in The Home Depot by 1.4%, acquiring an additional 857 shares during the second quarter, bringing its total to 63,849 shares valued at approximately $23.41 million.
  • During the first quarter, multiple hedge funds, including Vanguard Group Inc. and Asset Planning Services Inc., significantly increased their holdings in Home Depot, indicating institutional confidence in the stock.
  • The Home Depot's most recent quarterly earnings reported an EPS of $4.68, slightly missing analyst expectations, while revenue grew 4.9% year-over-year to $45.28 billion.
  • Five stocks to consider instead of Home Depot.

Calamos Wealth Management LLC lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,849 shares of the home improvement retailer's stock after purchasing an additional 857 shares during the quarter. Home Depot accounts for 1.0% of Calamos Wealth Management LLC's holdings, making the stock its 19th largest position. Calamos Wealth Management LLC's holdings in Home Depot were worth $23,410,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock valued at $35,360,494,000 after acquiring an additional 720,447 shares during the last quarter. Asset Planning Services Inc. LA ADV increased its stake in Home Depot by 99,400.7% in the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after acquiring an additional 891,326 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Home Depot by 19.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,253,292 shares of the home improvement retailer's stock valued at $3,391,240,000 after acquiring an additional 1,494,261 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Home Depot by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,949,404 shares of the home improvement retailer's stock valued at $3,279,867,000 after acquiring an additional 477,192 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Trading Up 1.1%

Shares of HD stock opened at $391.79 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The company has a 50-day simple moving average of $403.70 and a two-hundred day simple moving average of $377.97. The company has a market capitalization of $389.98 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 3.72 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the company posted $4.60 earnings per share. The company's revenue for the quarter was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, September 4th. Home Depot's payout ratio is presently 62.50%.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Home Depot from $425.00 to $432.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. DA Davidson restated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a report on Tuesday, August 19th. Robert W. Baird upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Morgan Stanley upped their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Home Depot from $460.00 to $452.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $435.42.

View Our Latest Stock Report on Home Depot

Insider Transactions at Home Depot

In other Home Depot news, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the transaction, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,835 shares of company stock valued at $19,623,432. Corporate insiders own 0.10% of the company's stock.

About Home Depot

(Free Report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

See Also

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD - Free Report).

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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