Home Depot (NYSE: HD) ended Friday, December 19, 2025 with a sharp pullback that stood out against a broadly higher stock market. Shares closed at $345.00, down 2.81% in regular trading, then edged higher to about $345.82 (+0.24%) in after-hours trading as of 7:38 p.m. ET. StockAnalysis
The late bounce was modest, but it sets up a familiar question for investors heading into the next session: was Friday’s drop a one-day reset—or the start of another leg down tied to housing demand and consumer caution?
After the Bell: Where Home Depot Stock Stands Tonight
A quick snapshot of HD’s Friday trade helps frame what’s happening:
- Close (regular session): $345.00 (-2.81%) StockAnalysis
- After-hours (as of 7:38 p.m. ET): $345.82 (+0.24%) StockAnalysis
- Day range: $344.92 to $354.11 (opened at $354.11) StockAnalysis
- Volume: ~12.8 million shares vs. ~3.89 million average volume (suggesting heavier-than-usual selling pressure) StockAnalysis
- 52-week range: $326.31 to $426.75 StockAnalysis
It’s also notable that Home Depot remains about 19% below its 52-week high (a high set in September), underscoring that investors are still treating the housing-linked retail story as a “prove it” trade. MarketWatch
Why HD Fell Friday Even as the Market Rose
The broader market wasn’t the problem on Dec. 19: the S&P 500 gained 0.88% and the Dow rose 0.38%. Yet Home Depot slid nearly 3%. MarketWatch
Two points matter here:
- This looked sector-wide, not company-specific. Lowe’s (Home Depot’s closest public peer) fell roughly the same amount Friday, suggesting investors were de-risking the home-improvement complex rather than reacting to a new Home Depot headline. MarketWatch
- Housing demand is still the overhang. When the market wants cyclicals, it often wants “housing recovery” names. When the market gets nervous about housing momentum, Home Depot can quickly lag—even on green index days.
There was no major Home Depot earnings release or fresh company guidance on Friday. Instead, the day’s most important “HD-adjacent” catalyst was macro: new housing data that reinforced a slow-and-choppy recovery narrative.
Today’s Biggest Macro Catalyst: Existing-Home Sales (and a Supply Warning)
On Friday, the National Association of REALTORS® reported that existing-home sales rose 0.5% in November to a seasonally adjusted annual rate of 4.13 million, while unsold inventory fell 5.9% to 1.43 million units (about 4.2 months of supply). The median existing-home price increased 1.2% year-over-year to $409,200. National Association of REALTORS®
Why this matters for Home Depot:
- Turnover drives projects. Home sales often trigger renovation spending (paint, flooring, fixtures, landscaping, appliances). A sales increase is directionally positive.
- But inventory tightening is a yellow flag. NAR’s chief economist warned that inventory growth is “beginning to stall,” with homeowners in “no rush” to list during winter months—another reminder that transaction volume may not accelerate quickly. National Association of REALTORS®
- Reuters also highlighted how economic uncertainty and a weaker labor backdrop are keeping buyers cautious, even as mortgage rates eased from earlier highs. Reuters
In short: today’s housing read was “slightly better demand, still constrained supply.” That combination can keep the overall housing ecosystem sluggish—exactly the environment that tends to cap enthusiasm for big-ticket home-improvement spending.
The Forecast Investors Keep Coming Back To: Home Depot’s FY 2026 Outlook
Even though it didn’t drop today, the outlook Home Depot delivered at its December investor conference is still shaping how traders price the stock into year-end and early 2026.
Home Depot’s preliminary fiscal 2026 outlook includes:
- Home improvement market: -1% to +1%
- Comparable sales: approximately flat to +2%
- Total sales growth: ~2.5% to 4.5%
- Diluted EPS growth: approximately flat to +4% The Home Depot
The company also outlined a “Market Recovery Case” (i.e., if housing momentum improves), targeting:
- Total sales growth: ~5% to 6%
- Comparable sales growth: ~4% to 5%
- EPS growth: mid-to-high single digits The Home Depot
Reuters’ reporting around that event emphasized that Home Depot’s 2026 targets came in below what analysts were looking for at the time, reinforcing the message that the recovery in big-ticket and DIY demand may take longer than many investors hoped. Reuters
That context helps explain why HD can sell off hard on days when the market questions the pace of the housing rebound.
Analyst Targets: Still Upside on Paper, But Conviction Is Mixed
Wall Street’s published price targets still imply meaningful upside from Friday’s close—yet the dispersion tells you sentiment isn’t uniform.
- MarketWatch data shows price targets ranging from $330 (low) to $455 (high), with a median around $407 and an average around $401. MarketWatch
- A recent example of constructive commentary: Truist raised its price target to $390 from $375 and reiterated a Buy rating in a consumer hardlines/broadlines outlook note earlier this week. Investing
The takeaway: the Street isn’t “giving up” on Home Depot, but the stock is increasingly being treated as a rate-and-housing cycle call rather than a pure “quality compounder” that can ignore the macro.
Technical Setup: Key Levels Traders Will Watch Into the Next Session
HD’s Friday move also matters from a technical perspective because it pushed the stock further below commonly watched moving averages.
Barchart data shows HD trading below:
- 50-day moving average (~$365.81)
- 200-day moving average (~$373.68) Barchart
With the stock closing near the low end of its day range, traders will often watch:
- Immediate support: Friday’s intraday lows near the mid-$340s StockAnalysis
- Bigger support zone: the lower end of the 52-week range (mid-$320s) StockAnalysis
- Overhead resistance: areas around the 50-day and 200-day moving averages (mid-$360s to mid-$370s) Barchart
This isn’t a prediction—just the reality that many investors use these levels to define risk and timing, especially after a high-volume down day.
“Tomorrow’s Open” Reality Check: Markets Are Closed Saturday
Because Dec. 20, 2025 is a Saturday, U.S. stock markets are closed. The next opening bell is Monday, Dec. 22 (9:30 a.m. ET for the NYSE core session). New York Stock Exchange
That timing matters because it gives the market two full days to digest:
- any weekend macro headlines,
- shifts in bond yields and rate expectations,
- and fresh analyst notes that often hit on Sunday night/Monday morning.
What to Watch Before the Next Session
Here are the most practical “pre-open” checkpoints for Home Depot stock heading into the next trading day:
1) Housing and rates: the real driver behind the story
Friday’s housing data reinforced a slow recovery with tight supply. Any meaningful swing in mortgage-rate expectations or housing activity can quickly change the tone for HD and peers. National Association of REALTORS®
2) The holiday-week schedule (liquidity can get weird)
Next week is a shortened holiday week. The NYSE confirms an early close on Wednesday, Dec. 24, 2025 (1:00 p.m. ET) and a full closure on Christmas Day (Thursday, Dec. 25). Lower liquidity can amplify moves in either direction. New York Stock Exchange
3) The economic calendar is light Monday, heavier later in the week
MarketWatch’s calendar summary shows nothing scheduled for Monday, Dec. 22, while Tuesday, Dec. 23 includes a GDP (delayed report) release in the morning. MarketWatch
Even if HD has no company news, macro prints can move rates—and rates can move housing-linked equities.
4) Keep an eye on “expectations management” after investor-day guidance
Home Depot’s own baseline outlook calls for flat-to-low single-digit growth next year unless housing momentum improves. That means the bar for upside surprises is set by:
- evidence that transaction activity is improving, and/or
- signals that big-ticket discretionary spending is thawing. The Home Depot
5) Next earnings date is the next major company catalyst
Home Depot’s next earnings report is widely expected in late February 2026 (some calendars point to Feb. 24, 2026). Dates can change, but it’s the next major moment when management can update demand commentary and guidance. Zacks
Bottom Line for HD Stock After the Bell
Home Depot stock finished Dec. 19 with a high-volume drop and only a small after-hours stabilization—a pattern that often reflects investors stepping back from the housing-linked retail trade rather than reacting to a single headline. StockAnalysis
The market’s near-term focus remains clear:
- Housing turnover and affordability (demand),
- inventory and listings (supply),
- and whether Home Depot’s baseline FY 2026 outlook proves conservative—or simply realistic. National Association of REALTORS®
