Wells Fargo & Company Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL - Get Free Report) had its price target reduced by investment analysts at Wells Fargo & Company from $130.00 to $125.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the construction company's stock. Wells Fargo & Company's target price points to a potential upside of 15.44% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group reduced 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. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Royal Bank of Canada lowered their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Raymond James restated a "strong-buy" rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Finally, Bank of America reduced their target price on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and an average price target of $141.00.

Toll Brothers Stock Up 2.7%

Shares of NYSE TOL traded up $2.80 during mid-day trading on Tuesday, reaching $108.28. The company had a trading volume of 1,644,548 shares, compared to its average volume of 1,565,342. The firm has a 50 day simple moving average of $100.99 and a two-hundred day simple moving average of $119.35. Toll Brothers has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a market cap of $10.82 billion, a P/E ratio of 7.45, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company posted $3.38 earnings per share. The business's quarterly revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict that Toll Brothers will post 13.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TOL. Lecap Asset Management Ltd. grew its stake in shares of Toll Brothers by 721.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company's stock worth $2,087,000 after purchasing an additional 14,551 shares during the period. Jones Financial Companies Lllp boosted its holdings in Toll Brothers by 66.7% during the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company's stock worth $666,000 after buying an additional 2,116 shares in the last quarter. OMC Financial Services LTD acquired a new position in Toll Brothers during the fourth quarter worth about $2,330,000. GDS Wealth Management increased its holdings in Toll Brothers by 297.8% in the fourth quarter. GDS Wealth Management now owns 12,419 shares of the construction company's stock valued at $1,564,000 after buying an additional 9,297 shares in the last quarter. Finally, Focus Financial Network Inc. purchased a new position in Toll Brothers in the fourth quarter valued at about $351,000. 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.