Calamos Wealth Management LLC lowered its stake in Home Depot Inc (NYSE:HD) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,333 shares of the home improvement retailer’s stock after selling 840 shares during the quarter. Home Depot makes up approximately 1.3% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. Calamos Wealth Management LLC’s holdings in Home Depot were worth $9,214,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HD. Janus Henderson Group PLC grew its position in shares of Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after purchasing an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of Home Depot by 15,121.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after purchasing an additional 1,852,784 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Home Depot in the second quarter valued at approximately $133,780,000. Parametric Portfolio Associates LLC grew its position in shares of Home Depot by 35.2% in the second quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after purchasing an additional 850,074 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after purchasing an additional 761,586 shares during the last quarter. 70.14% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. Oppenheimer reiterated a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. Moffett Nathanson assumed coverage on Home Depot in a research note on Monday, December 4th. They issued a “buy” rating for the company. Morgan Stanley set a $185.00 price target on Home Depot and gave the company a “buy” rating in a research note on Friday, December 8th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Guggenheim assumed coverage on Home Depot in a research note on Wednesday, December 13th. They set a “buy” rating and a $200.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and an average target price of $183.28.
Shares of Home Depot Inc (HD) opened at $196.42 on Friday. The firm has a market capitalization of $229,370.00, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.81 and a beta of 1.11. Home Depot Inc has a 1-year low of $133.94 and a 1-year high of $199.42. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same period in the prior year, the business posted $1.60 earnings per share. Home Depot’s quarterly revenue was up 8.1% on a year-over-year basis. equities analysts anticipate that Home Depot Inc will post 7.37 EPS for the current fiscal year.
Home Depot declared that its board has initiated a share buyback program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares in the company, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.
Home Depot Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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