Sapient Capital Cuts Stake in Home Depot by Nearly Three-Quarters

Sapient Capital LLC has significantly reduced its stake in The Home Depot, Inc. (NYSE:HD) by selling nearly three-quarters of its shares during the second quarter.

The institutional investor's holdings in Home Depot dropped to $5.33 million at the end of the reporting period, down from a peak of $25.38 million earlier in the year.

This move comes as The Home Depot has reported strong earnings, with revenue up 4.8% on a year-over-year basis and net margin at 8.41%. Analysts have set an average price target of $371.71 for the stock, with a Moderate Buy rating among investors.