Sumitomo Mitsui DS Asset Management Company Ltd Decreases Position in The Home Depot, Inc. $HD

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 1.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,741 shares of the home improvement retailer’s stock after selling 6,329 shares during the quarter. Home Depot comprises about 1.3% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 13th biggest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Home Depot were worth $156,704,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HD. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Home Depot by 10.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,088 shares of the home improvement retailer’s stock worth $2,872,000 after acquiring an additional 668 shares in the last quarter. Moneywise Inc. acquired a new position in shares of Home Depot during the third quarter valued at about $265,000. Fingerlakes Wealth Management Inc. raised its position in shares of Home Depot by 11.9% in the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 2,980 shares of the home improvement retailer’s stock valued at $1,208,000 after purchasing an additional 318 shares during the last quarter. Ledgewood Wealth Advisors LLC acquired a new stake in Home Depot in the 3rd quarter worth approximately $220,000. Finally, Seamount Financial Group Inc. grew its position in Home Depot by 1.5% during the 3rd quarter. Seamount Financial Group Inc. now owns 2,089 shares of the home improvement retailer’s stock worth $846,000 after purchasing an additional 31 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HD. Citigroup decreased their price target on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a report on Friday, November 21st. Evercore ISI reduced their target price on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. TD Cowen lowered their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. DZ Bank reissued a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Finally, Morgan Stanley restated an “outperform” rating on shares of Home Depot in a research note on Wednesday, December 10th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $402.10.

Home Depot Price Performance

NYSE:HD opened at $374.67 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The Home Depot, Inc. has a 52 week low of $326.31 and a 52 week high of $426.75. The stock’s 50-day moving average price is $354.54 and its 200-day moving average price is $377.75. The stock has a market capitalization of $372.98 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 13.96 and a beta of 1.08.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the business posted $3.78 EPS. Home Depot’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s dividend payout ratio is currently 62.71%.

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president owned 12,320 shares of the company’s stock, valued at $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,963 shares of company stock worth $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Trending Headlines about Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Investors expect a White House housing initiative to boost homebuilding and repair activity, which should lift demand for Home Depot’s products and services. Trump Housing Plan Sends Home Depot Stock Higher
• Positive Sentiment: Large call buying occurred today (46,130 calls, ~37% above typical volume), indicating speculative or hedged bullish positioning that can amplify upside near term.
• Positive Sentiment: Prominent TV commentary favors HD as a housing/play (Jim Cramer preferring Home Depot), which can drive retail flows and sentiment. Jim Cramer Prefers Home Depot Over Fortune Brands as a Housing Play
• Positive Sentiment: A vendor-related issue (Kurt Weiss Greenhouses) drew attention but the company’s response was viewed positively by some outlets, removing a near-term reputational overhang. Home Depot Stock Surges With Kurt Weiss Greenhouses Response
• Neutral Sentiment: Broader market strength (Dow gains) has supported HD alongside other large-cap consumer names, a technical tailwind rather than company-specific news. Nike, Home Depot share gains contribute to Dow’s nearly 225-point jump
• Neutral Sentiment: Investor interest metrics and analyst/valuation write-ups are getting attention, but they largely summarize mixed fundamentals (recent EPS miss vs. solid revenue) rather than new catalysts. Assessing Home Depot (HD) Valuation After Recent Mixed Share Price Performance Investors Heavily Search The Home Depot, Inc. (HD)
• Negative Sentiment: Earlier unusual put buying (57,026 puts) indicates some market participants taking or hedging for downside risk—this raises near-term volatility risk.
• Negative Sentiment: A Pomerantz law firm investigation notice was filed, signaling potential shareholder litigation risk that can weigh on sentiment until resolved. Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Home Depot, Inc.

About Home Depot

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.