The Home Depot, Inc. $HD Stock: Calamos Advisors LLC Increases Stake

Calamos Advisors LLC lifted its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 268,336 shares of the home improvement retailer’s stock after buying an additional 4,249 shares during the period. Calamos Advisors LLC’s holdings in Home Depot were worth $76,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alta Advisers Ltd boosted its stake in Home Depot by 83.7% in the 3rd quarter. Alta Advisers Ltd now owns 7,130 shares of the home improvement retailer’s stock worth $2,028,000 after purchasing an additional 3,249 shares during the period. Principle Wealth Partners LLC increased its position in shares of Home Depot by 0.9% during the third quarter. Principle Wealth Partners LLC now owns 41,658 shares of the home improvement retailer’s stock valued at $11,851,000 after buying an additional 360 shares during the period. Kestra Advisory Services LLC lifted its position in Home Depot by 5.9% during the third quarter. Kestra Advisory Services LLC now owns 185,062 shares of the home improvement retailer’s stock valued at $52,648,000 after buying an additional 10,381 shares during the period. Claro Advisors Inc. boosted its position in shares of Home Depot by 6.1% in the 3rd quarter. Claro Advisors Inc. now owns 12,669 shares of the home improvement retailer’s stock worth $3,604,000 after purchasing an additional 728 shares in the last quarter. Finally, REAP Financial Group LLC grew its position in Home Depot by 7.8% during the 3rd quarter. REAP Financial Group LLC now owns 1,212 shares of the home improvement retailer’s stock valued at $345,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD traded down $6.46 during midday trading on Friday, hitting $343.48. 5,519,119 shares of the company were exchanged, compared to its average volume of 4,736,680. The firm has a market capitalization of $342.69 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The company’s 50 day simple moving average is $309.42 and its 200 day simple moving average is $334.08. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 2.64. The Home Depot, Inc. has a 1-year low of $277.15 and a 1-year high of $397.63.

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

Home Depot Dividend Announcement

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

Insider Activity

In other news, EVP Michael F. Rowe sold 710 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total transaction of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares of the company’s stock, valued at $2,302,764.88. This represents a 9.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Roseborough sold 2,455 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total value of $807,130.35. Following the sale, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. This trade represents a 14.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,829 shares of company stock worth $3,339,314 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Sanford C. Bernstein dropped their price target on Home Depot from $354.00 to $344.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 9th. Royal Bank Of Canada cut their target price on shares of Home Depot from $343.00 to $342.00 and set a “sector perform” rating for the company in a report on Wednesday, August 19th. Stifel Nicolaus reduced their target price on shares of Home Depot from $346.00 to $322.00 and set a “hold” rating on the stock in a research note on Monday, October 26th. Mizuho lifted their price objective on shares of Home Depot from $385.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, Truist Financial boosted their price target on shares of Home Depot from $369.00 to $373.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.