Calamos Wealth Management LLC Has $6.29 Million Holdings in The Home Depot, Inc. (NYSE:HD)

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Calamos Wealth Management LLC reduced its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 3.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,027 shares of the home improvement retailer’s stock after selling 850 shares during the quarter. Calamos Wealth Management LLC’s holdings in Home Depot were worth $6,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Rinkey Investments acquired a new position in shares of Home Depot in the 4th quarter valued at $25,000. Shore Point Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $26,000. Tobam acquired a new position in shares of Home Depot in the 1st quarter valued at $27,000. Barnett & Company Inc. raised its stake in shares of Home Depot by 173.1% in the 4th quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. Finally, TFO TDC LLC acquired a new position in shares of Home Depot in the 1st quarter valued at $30,000. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. OTR Global lowered shares of Home Depot to a “positive” rating in a report on Tuesday, May 10th. Jefferies Financial Group lowered their target price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Evercore ISI lowered their target price on shares of Home Depot to $360.00 in a report on Thursday, June 9th. Finally, Morgan Stanley lowered their target price on shares of Home Depot from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.45.

Home Depot Stock Up 0.5 %

Shares of NYSE HD opened at $306.59 on Monday. The firm has a market capitalization of $315.10 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47. The Home Depot, Inc. has a 1 year low of $264.51 and a 1 year high of $420.61. The firm’s 50-day moving average is $288.95 and its 200-day moving average is $315.25.

Home Depot (NYSE:HDGet Rating) last issued its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.86 EPS. Equities analysts expect that The Home Depot, Inc. will post 16.43 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were paid a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, June 1st. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

Insider Activity

In other Home Depot news, Director Becker Caryn Seidman bought 1,500 shares of Home Depot stock in a transaction dated Monday, May 23rd. The shares were bought at an average price of $287.73 per share, with a total value of $431,595.00. Following the purchase, the director now owns 1,500 shares of the company’s stock, valued at $431,595. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now directly owns 51,175 shares in the company, valued at approximately $14,739,935.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Becker Caryn Seidman purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at $431,595. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Further Reading

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:HDGet Rating).

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