Toll Brothers Inc. (TOL) up 1.48 per cent in the past week, is under coverage of 20 analysts who collectively recommend a hold rating on stock. 10 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 16 equity analysts who rate the stock have an average target price at $35.88, with individual targets ranging between $29 and $42. The shares closed last trade at $29.58, implying that analysts see shares rising about 21.3 per cent in 12 months’ time.
Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are -11.17 down so far this year. A Director at Toll Brothers Inc. (TOL) sold shares in the company in a transaction completed on Thursday May 26, 2016. Marbach Carl B offloaded 3,000 shares in the company at an average price of $29.11 and ended up generating $87,330 in proceeds. Marbach Carl B retains 104,395 shares in the company after this transaction. A Director in the company, Garvey Christine, on Monday December 14, 2015 collected $1,362,840 from the sale of 41,000 shares at $29.11 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings to Watch: Investors considering TOL stock at the going market price of $29.58/share should know the stock will next release quarterly results for the July 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.63 in earnings per share (EPS). That would represent a 75% year-over-year increase. Revenue for the same period is expected to arrive at $1.25B.
Earnings Roundup: In the last fiscal quarter alone, Toll Brothers Inc. generated around $1.12B in revenue and net income of $0.51/share. That compares with the consensus estimate $1.04B and $0.46/share, respectively. For the prior quarter revenue for the company hit $928.57M, with earnings at $0.4/share.
Analyst Coverage: Raymond James has been a brokerage house following shares of Toll Brothers Inc. (TOL), so its rating change is noteworthy. The stock was upgraded to Strong Buy from Outperform, wrote analysts at Raymond James, in a note issued to clients on Monday January 25, 2016. There was another key note issued by JMP Securities on Monday January 25, 2016. The firm lowered its rating on TOL from Mkt Outperform to Mkt Perform.
Price Momentum: Despite the 2.46% increase in value, the stock’s new closing price represents a -29.89% fall in value from company’s one year high of $42.19. The stock is currently holding above its 50 day moving average of $4.29 and above its 200 day moving average of $27.99. Over the last three months and over the last six months, the shares of Toll Brothers Inc. (TOL), have changed -6.92% and 29.52%, respectively.