Home Depot Sees Institutional Investor Shift Ahead of Earnings Release

Prevail Innovative Wealth Advisors LLC has reduced its stake in The Home Depot, Inc. (NYSE:HD) by 79.1% during the second quarter, according to a recent disclosure with the SEC. The fund owned 1,454 shares of the home improvement retailer's stock after selling 5,490 shares during the period.

The company's holdings in Home Depot were worth $513,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in HD, with Vanguard Group Inc. increasing its position by 1.3% and now owning 99,635,779 shares valued at $34,284,672,000.

Home Depot has recently reported strong quarterly earnings, beating analyst estimates of $3.41 per share with a result of $3.43. The company's revenue for the quarter was up 4.8% on a year-over-year basis, and it has set its FY 2026 guidance at 14.690-15.278 EPS.

Some analysts expect Home Depot to surpass quarterly estimates, pointing to its history of earnings surprises and favorable earnings indicators. However, others have expressed caution ahead of the earnings release, citing concerns over valuation and potential disappointment if results or guidance do not meet expectations.