Marjorie Taylor Greene Invests in Home Depot Shares

Representative Marjorie Taylor Greene, a Republican from Georgia, has recently made headlines by purchasing shares of The Home Depot, Inc. (NYSE: HD). On a disclosure filing dated October 22, she revealed that she acquired between $1,001 and $15,000 worth of Home Depot stock on October 21.

Additional Recent Trades

Along with her investment in Home Depot, Representative Greene engaged in several other trades on the same day. These include:

• Buying between $1,001 - $15,000 in shares of Caterpillar (NYSE: CAT).
• Acquiring shares of Visa (NYSE: V), also in the range of $1,001 - $15,000.
• Purchasing shares of Berkshire Hathaway (NYSE: BRK.B) in the same price bracket.
• Investing in Tesla (NASDAQ: TSLA) within the same range.
• Buying into ASML (NASDAQ: ASML) amounting to $1,001 - $15,000.
• Picking up shares of Nestlé (OTCMKTS: NSRGY) for the same amount.
• Investing in Intel (NASDAQ: INTC) within that same bracket.
• Purchasing shares of Microsoft (NASDAQ: MSFT) in the range of $1,001 - $15,000.
• Investing in Blackstone (NYSE: BX) for the same amount.
• Lastly, on October 4, she purchased shares of Costco Wholesale (NASDAQ: COST) worth between $1,001 - $15,000.

Home Depot Stock Performance

On the day of Greene's investment, Home Depot's stock traded down by 0.3%, with an exchange price of $400.49. Approximately 879,976 shares were traded, well below the average volume of 3,363,190 shares. Home Depot boasts a market capitalization of $397.13 billion, with a PE ratio of 26.91. The stock has seen a 52-week low of $274.26 and a high of $421.56. Additionally, figures such as the company's quick ratio, current ratio, and debt-to-equity ratio further reflect its financial health.

Recent Earnings and Dividend Details

Home Depot recently reported its quarterly earnings. For the quarter ending on August 13, the company announced an earnings per share (EPS) of $4.67, exceeding expectations of $4.59. Revenues reached $43.18 billion, surpassing analyst estimates of $42.57 billion. Home Depot also declared a quarterly dividend of $2.25 per share, announced on August 29, representing an annualized dividend of $9.00 with a yield of 2.25%.

Analyst Outlook on Home Depot

Various analysts have provided updates on Home Depot's performance, with Guggenheim raising its target price from $390.00 to $450.00, assigning a "buy" rating. Other firms such as JPMorgan Chase & Co. and Piper Sandler have also raised their target prices and offered positive ratings. The consensus rating for Home Depot stock stands at "Moderate Buy" with a consensus target price around $410.67.

Institutional Investment Trends

A number of institutional investors have recently adjusted their stakes in Home Depot, indicating a rising interest among larger investors. For instance, Fairway Wealth LLC and Kings Path Partners LLC have recently bought shares, reflecting a growing confidence in the stock's potential.

About Marjorie Taylor Greene

Marjorie Taylor Greene has been serving as a member of the U.S. House representing Georgia's 14th Congressional District since January 3, 2021. With a background in business administration and experience in construction and fitness, Greene has announced her candidacy for re-election in 2024.

Overview of Home Depot, Inc.

The Home Depot, Inc. operates as a major home improvement retailer not only in the United States but also internationally. The company specializes in various home improvement products, including building materials and equipment, while also providing installation services.

Greene, Investment, HomeDepot