Barclays Issues Pessimistic Forecast for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its target price decreased by investment analysts at Barclays from $101.00 to $92.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the construction company’s stock. Barclays‘s target price would suggest a potential downside of 0.76% from the stock’s previous close.

A number of other analysts have also recently commented on TOL. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Oppenheimer reduced their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.93.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded down $1.82 during trading hours on Tuesday, hitting $92.70. 1,384,457 shares of the company’s stock traded hands, compared to its average volume of 1,493,112. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 1.02 and a beta of 1.48. Toll Brothers has a 12-month low of $92.33 and a 12-month high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a fifty day simple moving average of $114.77 and a 200-day simple moving average of $134.41.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Equities research analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares in the last quarter. Nilsine Partners LLC increased its stake in Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after acquiring an additional 88 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after buying an additional 89 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after acquiring an additional 92 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.