Calamos Wealth Management LLC Raises Stake in The Home Depot, Inc. $HD

Calamos Wealth Management LLC boosted its stake in The Home Depot, Inc. (NYSE:HD) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,216 shares of the home improvement retailer’s stock after acquiring an additional 1,778 shares during the period. Calamos Wealth Management LLC’s holdings in Home Depot were worth $19,804,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Calamos Advisors LLC boosted its stake in Home Depot by 21.1% during the 1st quarter. Calamos Advisors LLC now owns 328,049 shares of the home improvement retailer’s stock worth $107,892,000 after purchasing an additional 57,265 shares during the period. AMG National Trust Bank boosted its position in shares of Home Depot by 4.1% in the 1st quarter. AMG National Trust Bank now owns 101,968 shares of the home improvement retailer’s stock worth $33,536,000 after buying an additional 4,049 shares in the last quarter. Mattern Capital Management LLC grew its position in shares of Home Depot by 0.3% in the first quarter. Mattern Capital Management LLC now owns 27,262 shares of the home improvement retailer’s stock valued at $8,966,000 after purchasing an additional 71 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Home Depot by 5.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,670 shares of the home improvement retailer’s stock worth $7,785,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Home Depot by 1.6% during the first quarter. Bleakley Financial Group LLC now owns 48,166 shares of the home improvement retailer’s stock worth $15,841,000 after purchasing an additional 770 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Evercore dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Mizuho lowered their target price on Home Depot from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada reduced their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 20th. Finally, Piper Sandler decreased their price objective on shares of Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Stock Performance

Shares of HD stock opened at $337.26 on Tuesday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm has a market cap of $336.28 billion, a P/E ratio of 23.95, a PEG ratio of 3.96 and a beta of 0.95. The stock’s 50-day moving average is $325.21 and its two-hundred day moving average is $345.40. The Home Depot, Inc. has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period last year, the business earned $3.56 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a dividend of $2.33 per share. The ex-dividend date was Thursday, June 4th. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. Home Depot’s payout ratio is presently 66.19%.

Home Depot Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.