Home Depot Inc. (NYSE:HD) shares fell Wednesday after the company announced that Chair, President and CEO Ted Decker will take a temporary medical leave of absence.
Home Depot expects Decker to return within the next few months.
Interim Leadership Plan
During his absence, Senior Executive Vice President Ann-Marie Campbell will oversee day-to-day operations. Executive Vice President and Chief Financial Officer Richard McPhail will oversee financial management and the company’s Pro subsidiaries. Independent lead director Greg Brenneman will chair the board.
"We are confident in Ann-Marie’s and Richard’s ability to lead the company during this time, and we look forward to Ted’s return," Brenneman said.
The stock’s decline outpaced the broader market Wednesday, with the Consumer Discretionary sector down 1.2% while the S&P 500 gained 0.2%.
At the end of the first quarter, Home Depot operated 2,361 retail stores and more than 1,280 SRS locations across the U.S., Canada and Mexico. The company employs more than 470,000 associates.
HD Technical Analysis: Key Support, Resistance And Momentum
Home Depot shares are trading down more than 2% in the regular session and 12.60% over the past year. The stock is 1.5% above its 20-day SMA of $341.14 and 0.4% below its 200-day SMA of $347.57.
The RSI stands at 53.27, signaling neutral momentum. The 50-day SMA remains below the 200-day SMA following a December 2025 death cross, indicating bearish sentiment.
- Key Resistance: $354.00 — a nearby level where rebounds can stall.
- Key Support: $331.00 — a nearby level where buyers previously stepped in.
Home Depot (HD) Earnings Preview And Analyst Price Targets
Home Depot is confirmed to report earnings on Aug. 18, 2026.
Analysts expect earnings per share of $4.73 up from $4.68, and revenue of $47.35 billion, compared with $45.28 billion. The stock trades at a price-to-earnings ratio of 25.2 times, indicating a premium valuation.
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $376.56. Recent analyst moves include:
- RBC Capital: Sector Perform (Raises Target to $343.00) (Aug. 12)
- Wells Fargo: Overweight (Raises Target to $400.00) (Aug. 11)
- DA Davidson: Buy (Maintains Target to $377.00) (July 27)
Top ETFs Holding Home Depot (HD) Stock
- State Street Consumer Discretionary Select Sector SPDR ETF (NYSE:XLY): 5.76% Weight
- iShares Core High Dividend ETF (NYSE:HDV): 4.88% Weight
- Vanguard Consumer Discretionary ETF (NYSE:VCR): 5.13% Weight
Significance: Because HD carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
HD Stock Price Action In Wednesday’s Session
HD Stock Price Activity: Home Depot shares were down 2.27% at $346.42 at the time of publication on Wednesday, according to Benzinga Pro data.
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