Calamos Wealth Management LLC Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Calamos Wealth Management LLC lowered its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,533 shares of the home improvement retailer's stock after selling 2,396 shares during the period. Home Depot makes up 1.1% of Calamos Wealth Management LLC's portfolio, making the stock its 19th largest holding. Calamos Wealth Management LLC's holdings in Home Depot were worth $16,819,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keener Financial Planning LLC acquired a new position in Home Depot in the 4th quarter valued at about $31,000. Fairfield Bush & CO. bought a new stake in Home Depot in the 1st quarter valued at about $27,000. PFG Private Wealth Management LLC boosted its holdings in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 32 shares during the period. KB Financial Partners LLC bought a new stake in Home Depot in the 1st quarter valued at about $28,000. Finally, Gilfoyle & Co LLC bought a new stake in Home Depot in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Buying and Selling at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company's stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Home Depot Trading Up 0.7 %

NYSE HD traded up $2.47 on Friday, hitting $335.36. The company's stock had a trading volume of 3,076,576 shares, compared to its average volume of 3,642,071. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company's 50-day moving average is $367.36 and its 200 day moving average is $339.88. The firm has a market cap of $332.35 billion, a PE ratio of 22.21, a PEG ratio of 2.23 and a beta of 0.98.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm had revenue of $34.79 billion during the quarter, compared to analysts' expectations of $34.64 billion. During the same period in the prior year, the company posted $3.30 EPS. The company's revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $2.25 dividend. This is a boost from Home Depot's previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot's dividend payout ratio is 59.60%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. DA Davidson reissued a "neutral" rating and issued a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. StockNews.com downgraded shares of Home Depot from a "buy" rating to a "hold" rating in a report on Tuesday, April 16th. Royal Bank of Canada boosted their price objective on shares of Home Depot from $299.00 to $377.00 and gave the company a "sector perform" rating in a report on Monday, February 26th. Zelman & Associates raised shares of Home Depot from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 2nd. Finally, Piper Sandler raised shares of Home Depot from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $311.00 to $400.00 in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $375.96.

About Home Depot

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.