Rep. Marjorie Taylor Greene Invests in Home Depot Shares

Representative Marjorie Taylor Greene, a Republican from Georgia, has recently made a significant investment in The Home Depot, Inc. (NYSE: HD). A filing made public on October 22 revealed that she purchased between $1,001 and $15,000 in Home Depot stock on October 21.

In addition to her investment in Home Depot, Representative Greene executed several other trades on the same day. These transactions included:

• Investing between $1,001 and $15,000 in shares of Caterpillar (NYSE: CAT).
• Buying between $1,001 and $15,000 in shares of Visa (NYSE: V).
• Purchasing between $1,001 and $15,000 in shares of Berkshire Hathaway (NYSE: BRK.B).
• Buying between $1,001 and $15,000 in shares of Tesla (NASDAQ: TSLA).
• Investing between $1,001 and $15,000 in shares of ASML (NASDAQ: ASML).
• Buying between $1,001 and $15,000 in shares of Nestlé (OTCMKTS: NSRGY).
• Purchasing between $1,001 and $15,000 in shares of Intel (NASDAQ: INTC).
• Buying between $1,001 and $15,000 in shares of Microsoft (NASDAQ: MSFT).
• Purchasing between $1,001 and $15,000 in shares of Blackstone (NYSE: BX).
• Investing between $1,001 and $15,000 in shares of Costco Wholesale (NASDAQ: COST) on October 4.

Current State of Home Depot Stock

As of Wednesday, The Home Depot stock saw a decline of 0.3%, dropping $1.36 to reach $400.49. During the trading session, 879,976 shares were traded, which is lower than its average volume of 3,363,190. The company has a market capitalization of approximately $397.13 billion and holds a price-to-earnings (P/E) ratio of 26.91, as well as a debt-to-equity ratio of 11.74. The stock has fluctuated between a 52-week low of $274.26 and a high of $421.56.

Financial Performance of Home Depot

Home Depot announced its quarterly earnings last on August 13. The company reported earnings per share (EPS) of $4.67, surpassing the anticipated consensus estimate of $4.59 by $0.08. With a revenue of $43.18 billion during that quarter, Home Depot exceeded analysts' estimates of $42.57 billion. The company's performance included a net margin of 9.71% and an outstanding return on equity of 681.27%, showing a year-over-year revenue increase of 0.6%.

Dividends and Analyst Ratings

Recently, Home Depot declared a quarterly dividend, distributed on September 12. Shareholders on record as of August 29 received a dividend of $2.25, reflecting an annualized dividend of $9.00 and a yield of 2.25% for investors.

Analysts have recently updated their ratings on The Home Depot stock. Guggenheim raised its target price from $390 to $450, maintaining a "buy" rating. Additionally, JPMorgan Chase increased its price target from $377 to $400 with an "overweight" rating. In total, one analyst has rated the stock as a "sell", eight as "hold", and twenty-two as "buy", resulting in an overall consensus rating of "Moderate Buy" with a price target of $410.67.

Background on Representative Greene

Marjorie Taylor Greene, a member of the Republican Party, has been representing Georgia's 14th Congressional District since January 3, 2021. With her current term set to conclude on January 3, 2025, Greene is running for re-election in the upcoming 2024 election cycle. She has a bachelor's degree in business administration from the University of Georgia, and her background includes co-owning a construction company and founding a CrossFit gym.

About Home Depot

The Home Depot, Inc. is a leading home improvement retailer both in the United States and globally. The company provides an extensive range of building materials, home improvement products, lawn and garden supplies, and decor items, in addition to offering installation services for various home installations.

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