The Home Depot, Inc. $HD Stock: Calamos Advisors LLC Grows Holdings

Calamos Advisors LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 1.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 268,336 shares of the home improvement retailer’s stock after buying an additional 4,249 shares during the quarter. Calamos Advisors LLC’s holdings in Home Depot were worth $76,339,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HD. Winning Points Advisors LLC raised its stake in Home Depot by 1.0% in the 2nd quarter. Winning Points Advisors LLC now owns 2,891 shares of the home improvement retailer’s stock valued at $1,020,000 after purchasing an additional 30 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in Home Depot by 1.6% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,945 shares of the home improvement retailer’s stock worth $686,000 after purchasing an additional 31 shares during the last quarter. Poehling Capital Management INC. grew its holdings in shares of Home Depot by 3.1% during the second quarter. Poehling Capital Management INC. now owns 1,054 shares of the home improvement retailer’s stock worth $372,000 after buying an additional 32 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Home Depot by 0.3% during the second quarter. Cornerstone Wealth Management LLC now owns 11,140 shares of the home improvement retailer’s stock worth $3,929,000 after buying an additional 32 shares in the last quarter. Finally, Principia Wealth Advisory LLC lifted its stake in shares of Home Depot by 60.4% in the second quarter. Principia Wealth Advisory LLC now owns 85 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 32 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Trading Down 1.8%

Shares of HD stock traded down $6.46 during trading hours on Friday, hitting $343.48. The company had a trading volume of 5,519,119 shares, compared to its average volume of 4,736,680. The company’s fifty day moving average is $309.42 and its 200 day moving average is $334.08. 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 Home Depot, Inc. has a fifty-two week low of $277.15 and a fifty-two week high of $397.63. The stock has a market capitalization of $342.69 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93.

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

Home Depot Dividend Announcement

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

Insider Transactions at Home Depot

In other news, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the completion of the transaction, the executive vice president owned 14,061 shares of the company’s stock, valued at approximately $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard V. Mcphail sold 5,989 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HD shares. UBS Group restated a “buy” rating on shares of Home Depot in a research report on Thursday, September 17th. KeyCorp reaffirmed a “sector weight” rating on shares of Home Depot in a report on Wednesday, August 19th. Argus reiterated a “buy” rating and set a $400.00 price objective on shares of Home Depot in a research report on Wednesday, August 19th. Guggenheim reissued a “buy” rating and set a $425.00 price objective on shares of Home Depot in a research note on Wednesday, August 19th. Finally, Stifel Nicolaus cut their target price on Home Depot from $346.00 to $322.00 and set a “hold” rating for the company in a research note on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average 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.