Home Depot Stakeholder Sells 11,891 Shares Amid Earnings Beat

Denali Advisors LLC reduced its stake in Home Depot's (HD) stock by 71.4% in the second quarter, selling a total of 11,891 shares.

The institutional investor owned 4,754 shares worth $1,677,000 at the end of the reporting period.

Home Depot recently reported quarterly earnings and revenue that exceeded expectations, with a 5.7% year-over-year increase in revenue to $47.86 billion.

However, analysts have cut multiple future EPS estimates, including fiscal 2028 EPS from $16.23 to $16.05 and fiscal 2029 EPS from $17.62 to $17.41, suggesting slower expected growth and weighing on valuation.