Recent Analysts’ Ratings Updates for Toll Brothers (TOL)

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A number of firms have modified their ratings and price targets on shares of Toll Brothers (NYSE: TOL) recently:

8/25/2016 – Toll Brothers had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $35.00 price target on the stock, up previously from $32.00.
8/24/2016 – Toll Brothers had its price target raised by analysts at Royal Bank Of Canada from $32.00 to $35.00. They now have a “sector perform” rating on the stock.
8/24/2016 – Toll Brothers had its price target raised by analysts at Keefe, Bruyette & Woods from $34.00 to $35.00. They now have a “market perform” rating on the stock.
8/24/2016 – Toll Brothers had its price target raised by analysts at Citigroup Inc. from $31.00 to $33.00. They now have a “neutral” rating on the stock.
8/24/2016 – Toll Brothers had its price target raised by analysts at Buckingham Research from $35.00 to $36.00. They now have a “buy” rating on the stock.
8/15/2016 – Toll Brothers was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating.
7/26/2016 – Toll Brothers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Though the beginning of 2016 was marked by lower home deliveries and softer earnings for Toll Brothers, the second quarter of 2016 was better than expected. The company reported strong earnings, higher average selling prices (ASPs), home deliveries and strong margins. However, the order growth of 3% was modest owing to a decline in the number of homes signed in the California region, particularly in North California. While Southern California is expected to see strong demand, Northern California is expected to remain weak for a while. “
7/18/2016 – Toll Brothers was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating. They now have a $35.00 price target on the stock, up previously from $34.00.

Toll Brothers Inc (NYSE:TOL) traded down 2.54% during trading on Tuesday, hitting $29.13. The stock had a trading volume of 2,446,008 shares. The company’s 50-day moving average is $29.28 and its 200 day moving average is $28.41. Toll Brothers Inc has a 52 week low of $23.75 and a 52 week high of $38.45. The firm has a market cap of $4.78 billion, a PE ratio of 12.54 and a beta of 1.39.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $0.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.61. Toll Brothers had a return on equity of 9.98% and a net margin of 8.73%. The firm earned $1.27 billion during the quarter. During the same quarter in the previous year, the business posted $0.36 earnings per share. The company’s revenue was up 23.5% compared to the same quarter last year. Equities analysts expect that Toll Brothers Inc will post $2.50 EPS for the current fiscal year.

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In other Toll Brothers news, President Richard T. Hartman sold 18,310 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $31.02, for a total transaction of $567,976.20. Following the completion of the sale, the president now directly owns 47,937 shares in the company, valued at approximately $1,487,005.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.51% of the company’s stock.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill.

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