The Home Depot, Inc. $HD Stake Decreased by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management trimmed its stake in The Home Depot by 2.1% in Q4 to 378,502 shares (about $130.24M), making HD ~1.0% of its portfolio and its 17th largest holding.
• Wall Street is broadly constructive: Bank of America reinstated a Buy and named HD its top pick with a $374 target (~+18.7%), and analysts hold a consensus "Moderate Buy" with an average price target of $412.24.
• Fundamentals remain solid: Home Depot beat Q results (EPS $2.72 vs. $2.52), set FY2026 guidance of $14.23–$14.799 EPS, and raised its quarterly dividend to $2.33 (≈3.0% yield).

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,502 shares of the home improvement retailer's stock after selling 8,239 shares during the period. Home Depot accounts for about 1.0% of Sumitomo Mitsui DS Asset Management Company Ltd's investment portfolio, making the stock its 17th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Home Depot were worth $130,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC raised its holdings in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Financially Speaking Inc bought a new stake in Home Depot during the third quarter worth approximately $31,000. Key Capital Management INC bought a new stake in Home Depot during the fourth quarter worth approximately $28,000. Imprint Wealth LLC bought a new stake in Home Depot during the third quarter worth approximately $34,000. Finally, AXS Investments LLC bought a new stake in Home Depot during the third quarter worth approximately $38,000. Institutional investors own 70.86% of the company's stock.

Key Stories Impacting Home Depot

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

• Positive Sentiment: Bank of America reinstated coverage on HD with a Buy rating, named it its top pick in home improvement and set a $374 price target (about +18.7% vs. the current level) — a clear near-term catalyst supporting upside. BofA Just Named Home Depot the Top Pick in Home Improvement
• Positive Sentiment: Coverage lift echoed across outlets (Seeking Alpha summary), reinforcing bullish institutional sentiment and likely supporting buying interest. Home Depot attracts a bull rating from Bank of America
• Positive Sentiment: Analysis highlights emerging upside from PRO (trade/professional) membership growth and updated guidance that shift the company story toward recurring revenue and margin resilience — fundamental items investors will watch into the quarter. How The Story For Home Depot (HD) Is Shifting With PRO Growth And New Guidance
• Positive Sentiment: Quant and institutional flows data suggest “smart money” is accumulating HD despite recent weakness, which can magnify rebounds when sentiment improves. Home Depot (HD) Stock May Be Slumping But the Smart Money Wants to Buy In
• Neutral Sentiment: The Home Depot will host its Q1 earnings call on May 19 — a key event that can drive volatility and reprice expectations. Investors should monitor the webcast for updated demand commentary and margin outlook. The Home Depot to Host First Quarter Earnings Conference Call on May 19
• Neutral Sentiment: Analyst coverage remains largely constructive (multiple Buy/Outperform ratings and continued attention), so consensus estimates and guidance moves will be key to sustaining the rally. Home Depot Reaffirmed at Buy
• Negative Sentiment: Recent session weakness was driven by a broader market risk-off after a Middle East energy shock pushed oil higher; that macro-led pullback highlights HD’s sensitivity to cyclical consumer spending and can keep near-term downside risk elevated. Home Depot falls 3.1% as broader market turns risk-off
• Negative Sentiment: Operational/cost pressure headlines — including coverage about potential minimum wage rule changes and ongoing insider selling themes — are reminders of margin risks that could temper returns if wage or labor policies shift materially. Home Depot Stock Slides as Minimum Wage Rules Under Strain

Wall Street Analyst Weigh In

HD has been the topic of several recent analyst reports. Truist Financial set a $424.00 target price on Home Depot in a report on Tuesday, February 24th. BNP Paribas Exane dropped their target price on Home Depot from $391.00 to $348.00 and set a "neutral" rating on the stock in a report on Tuesday, March 24th. Evercore decreased their price target on shares of Home Depot from $425.00 to $415.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 31st. Sanford C. Bernstein lifted their price target on shares of Home Depot from $381.00 to $390.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 25th. Finally, Guggenheim lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $412.24.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Home Depot Trading Up 0.9%

NYSE HD opened at $315.19 on Wednesday. The Home Depot, Inc. has a twelve month low of $310.40 and a twelve month high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The stock has a market cap of $313.94 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.41 and a beta of 1.00. The firm's 50 day moving average price is $341.93 and its two-hundred day moving average price is $358.50.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.20. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. The firm had revenue of $38.20 billion for the quarter, compared to analysts' expectations of $38.01 billion. During the same period in the previous year, the company posted $3.13 EPS. The company's quarterly revenue was down 3.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Equities analysts anticipate that The Home Depot, Inc. will post 15.02 EPS for the current year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, March 12th. This is a positive change from Home Depot's previous quarterly dividend of $2.30. Home Depot's dividend payout ratio is presently 65.50%.

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.

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