Home Depot Inc (NYSE:HD) Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC lessened its stake in Home Depot Inc (NYSE:HD) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HD. Hilltop Holdings Inc. lifted its position in shares of Home Depot by 36.7% during the 2nd quarter. Hilltop Holdings Inc. now owns 8,203 shares of the home improvement retailer’s stock valued at $1,706,000 after buying an additional 2,204 shares in the last quarter. Institutional & Family Asset Management LLC lifted its position in shares of Home Depot by 22.5% during the 2nd quarter. Institutional & Family Asset Management LLC now owns 1,063 shares of the home improvement retailer’s stock valued at $221,000 after buying an additional 195 shares in the last quarter. Grassi Investment Management lifted its position in shares of Home Depot by 0.3% during the 4th quarter. Grassi Investment Management now owns 38,492 shares of the home improvement retailer’s stock valued at $8,406,000 after buying an additional 134 shares in the last quarter. Accurate Investment Solutions Inc. lifted its position in shares of Home Depot by 5.5% during the 4th quarter. Accurate Investment Solutions Inc. now owns 1,621 shares of the home improvement retailer’s stock valued at $354,000 after buying an additional 84 shares in the last quarter. Finally, Brick & Kyle Associates lifted its position in shares of Home Depot by 2.2% during the 3rd quarter. Brick & Kyle Associates now owns 14,119 shares of the home improvement retailer’s stock valued at $3,343,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

A number of research analysts have recently issued reports on the company. SunTrust Banks increased their target price on Home Depot from $208.00 to $225.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating and set a $232.00 price objective on the stock in a report on Monday, December 23rd. Longbow Research restated a “buy” rating and issued a $255.00 price objective on shares of Home Depot in a report on Wednesday, November 20th. Wells Fargo & Co restated a “buy” rating and issued a $260.00 price objective on shares of Home Depot in a report on Tuesday, November 19th. Finally, Edward Jones lowered Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $238.65.

Shares of HD traded down $1.54 during midday trading on Friday, reaching $237.30. The company had a trading volume of 2,456,062 shares, compared to its average volume of 4,464,032. Home Depot Inc has a 1-year low of $179.52 and a 1-year high of $239.53. The stock has a market cap of $259.74 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01. The firm has a 50 day simple moving average of $226.26 and a 200-day simple moving average of $224.49.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.53. The business had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $2.51 EPS. On average, sell-side analysts predict that Home Depot Inc will post 10.08 EPS for the current year.

In related news, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at approximately $58,641,068.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s 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 sale, the executive vice president now directly owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The disclosure for this sale can be found here. Insiders have sold a total of 126,552 shares of company stock valued at $26,765,281 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Home Depot Company Profile

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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