Calamos Wealth Management LLC lowered its holdings in Home Depot Inc (NYSE:HD) by 5.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,285 shares of the home improvement retailer’s stock after selling 1,034 shares during the period. Calamos Wealth Management LLC’s holdings in Home Depot were worth $4,211,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its stake in Home Depot by 0.6% during the 2nd quarter. Eagle Capital Management LLC now owns 19,750 shares of the home improvement retailer’s stock worth $4,107,000 after acquiring an additional 112 shares in the last quarter. Arjuna Capital lifted its stake in Home Depot by 25.8% during the 2nd quarter. Arjuna Capital now owns 13,434 shares of the home improvement retailer’s stock worth $2,794,000 after acquiring an additional 2,755 shares in the last quarter. Schroder Investment Management Group lifted its stake in Home Depot by 1.2% during the 2nd quarter. Schroder Investment Management Group now owns 2,326,454 shares of the home improvement retailer’s stock worth $483,832,000 after acquiring an additional 26,783 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in Home Depot by 84.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,058,568 shares of the home improvement retailer’s stock worth $220,150,000 after acquiring an additional 485,416 shares in the last quarter. Finally, Circle Wealth Management LLC lifted its stake in Home Depot by 41.1% during the 2nd quarter. Circle Wealth Management LLC now owns 2,206 shares of the home improvement retailer’s stock worth $459,000 after acquiring an additional 643 shares in the last quarter. Institutional investors own 69.87% of the company’s stock.
HD has been the topic of several research reports. Wolfe Research started coverage on Home Depot in a research note on Tuesday, October 8th. They set a “buy” rating and a $260.00 target price on the stock. Credit Suisse Group raised Home Depot from a “neutral” rating to an “outperform” rating and increased their price target for the company from $225.00 to $235.00 in a research report on Thursday, December 12th. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Home Depot in a research report on Tuesday, October 8th. Bank of America reaffirmed a “hold” rating and issued a $235.00 price target on shares of Home Depot in a research report on Wednesday, November 20th. Finally, Goldman Sachs Group increased their price target on Home Depot to $246.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $237.31.
HD opened at $224.59 on Thursday. Home Depot Inc has a one year low of $172.00 and a one year high of $239.31. The company has a market cap of $243.05 billion, a P/E ratio of 22.71, a PEG ratio of 1.97 and a beta of 1.00. The business’s 50-day simple moving average is $218.89 and its 200-day simple moving average is $222.23.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, meeting analysts’ consensus estimates of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The business had revenue of $27.22 billion for the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter in the prior year, the business posted $2.51 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts forecast that Home Depot Inc will post 10.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.42%. Home Depot’s payout ratio is currently 55.01%.
In other news, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $213.70, for a total value of $2,772,543.80. Following the transaction, the executive vice president now owns 26,335 shares in the company, valued at approximately $5,627,789.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the transaction, the chief executive officer now owns 277,604 shares in the company, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,552 shares of company stock worth $26,765,281. Company insiders own 0.27% of the company’s stock.
About Home Depot
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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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