|Bid||47.71 x 900|
|Ask||48.25 x 800|
|Day's Range||47.09 - 48.40|
|52 Week Range||37.29 - 64.90|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||8.80|
|Earnings Date||Mar 27, 2019|
|Forward Dividend & Yield||0.16 (0.34%)|
|1y Target Est||56.88|
Lennar Minnesota led a list of the top 25 Twin Cities homebuilders released Thursday by BATC-Housing First Minnesota.
While dynamic pricing model & robust backlog will likely aid Lennar's (LEN) Q1 results, higher construction cost, reasonably low demand during the quarter & lower value of other land assets are risks.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.The worry cited in this space over the past few weeks has been consistent. The earnings calendar has been tapering off since mid-February -- removing a catalyst that had moved stocks higher. Fourth-quarter earnings reports -- with some help from the final quarter of U.S. tax reform benefits -- were generally strong. Without that boost, however, the fear was that investors would focus on other factors, and with slowing global growth and worldwide political unrest, they might not like what they would see.For the most part, that fear has been unfounded. The S&P 500 is up double-digits year-to-date, and touched a five-month high on Thursday. All-time highs are just a few percentage points away. But Friday's selloff -- the index is off more than 1% in early trading -- shows that concerns still lurk. International growth remains weak. That puts an enormous amount of pressure on the U.S. consumer to keep the domestic economy -- and stock market -- humming.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAgain, one session doesn't make a trend. But with valuations creeping back up, investors might start again focusing on the risks in the market. The earnings calendar next week should give some signs as to whether that will be the case going forward. One of the hottest -- and highest-risk -- sectors gets a report from one of its key constituents. A high-priced consumer darling will try and keep its momentum going. And a housing leader will provide another gauge of sentiment in that critical industry. * 7 Beaten-Up Stocks to Buy as They Reverse Course The results from these three companies may not move the market. But the reaction to the results, for a number of reasons, could give some color as to how investors are feeling as they wait for the earnings calendar to ramp up next month. Cronos Group (CRON)Source: Shutterstock Earnings Report Date: Tuesday, March 26, before market open Marijuana stocks like Cronos Group (NASDAQ:CRON) have been among the biggest beneficiaries of the market rally this year. At the highs earlier this month, CRON stock had tripled since late November. A $1.8 billion investment in CRON stock by tobacco giant Altria (NYSE:MO) drove some of the enthusiasm. But the return of the 'risk-on' trade has boosted the entire sector, providing another tailwind.Of late, however, investors are viewing the space, and Cronos stock, with more caution. CRON stock has pulled back about 17%. Analysts are becoming more skeptical as well.Cronos earnings on Tuesday morning aren't likely to change the fundamental case here all that much. Like other marijuana players, Cronos remains an early-stage company. A 'beat' to earnings estimates doesn't in turn mean the valuation goes higher; results for a single quarter simple aren't that material, yet.But commentary will be closely watched. Most notably, what exactly does Cronos plan to do with the $1.8 billion in cash received from Altria? And even for investors with little or no exposure to cannabis, trading in CRON stock is worth monitoring. Are investors looking for any good news as an excuse to buy more? Or is the converse true: does CRON stock sell off simply because investors again need a reason to buy high-flying pot stocks? If marijuana sector investors again are focusing on risk, that would be a strong sign that the rest of the market might start doing the same. Lennar (LEN)Source: Shutterstock Earnings Report Date: Wednesday, March 27, before market open Housing plays like homebuilder Lennar (NYSE:LEN) started moving lower before the broad market last year. It wouldn't be shocking if history repeated itself in 2019. With input and labor costs moving higher, and demand for new housing appearing to slow, homebuilders and their suppliers remain at risk of getting squeezed.LEN stock has bounced 28% since hitting a multi-year low in late December. But with the stock trading at less than 8x forward EPS estimates, there's still room for upside -- if the company can continue restoring investor confidence. * 7 Retail Stocks That Will Continue to Rebound in 2019 The fiscal Q1 earnings report on Wednesday morning could help on that front -- to an extent. The first quarter is Lennar's slowest quarter, limiting its importance somewhat. Still, the full-year outlook -- particularly with interest rates coming down -- will be watched closely not only by LEN shareholders, but investors across the housing universe. Many stocks in the sector remain cheap; Lennar earnings could help show whether they should be. Lululemon Athletica (LULU)Source: Shutterstock Earnings Report Date: Wednesday, March 27, after market close It was only a few years ago that earnings reports from retailers were seen as proxies for the health of the U.S. consumer. If Macy's (NYSE:M) or JCPenney (NYSE:JCP) -- or looking back a bit further, Sears Holdings (NASDAQ:SHLDQ) -- were struggling, the most likely culprit was consumer confidence.Obviously, in the age of Amazon.com (NASDAQ:AMZN) and shrinking mall traffic, that's no longer the case. But earnings from Lululemon Athletica (NASDAQ:LULU) can been seen as a similar, albeit much less broad, indicator. Lululemon certainly has a much more narrow base in terms of both geography and its customer base. But if consumers still are willing to pay up for Lululemon merchandise, that suggests some level of confidence.The report also should give some color to the 'athleisure' fashion trend. Nike (NYSE:NKE) stock fell this week after slowing North American sales. A similar miss from Lululemon might suggest that athletic wear strength is fading. And that could echo across the sector, with investors in stocks like adidas AG (OTCMKTS:ADDYY) and Under Armour (NYSE:UA,UAA) watching closely.Here, too, the reaction to the report will be telling. Are investors willing to push higher a stock that already trades at 34x forward earnings? Particularly when that stock is in retail -- one of the most challenged sectors in the market?Again, none of these earnings reports can move the market. But there's a theme to watch here. If CRON sells off, if LEN numbers don't convince investors and if LULU can't rise higher, then the question ahead of earnings season becomes clear. What will it take for stocks to reclaim all-time highs? It's going to take strong corporate earnings -- but if next week's batch isn't enough, next month's might not be, either.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio Compare Brokers The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
A new exchange-traded fund takes a very broad approach to tracking housing stocks, and argues that it is a good way to play the housing crisis.
The startup's 2019 growth plans include entering new markets, expanding existing services and adding new products for buying, selling and owning homes.
Lennar (LEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The company closed on more than 2,000 metro Phoenix homes in fiscal 2018 and is on pace to grow that number in the coming year, with multiple new projects on the drawing board.
After acquiring another firm, Lennar Corp. far outpaced all other homebuilders in the Sacramento region in 2018.
Investors could make a near-term bet on rate sensitive sectors in the basket form as these will continue to trade smoothly if interest rates remain steady.
MIAMI, March 14, 2019 /PRNewswire/ -- Lennar Corporation (NYSE:LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter ended February 28, 2019 before the market opens on March 27, 2019. Additionally, the Company will hold a conference call on March 27, 2019 at 11:00 a.m. Eastern Time. Lennar Corporation, founded in 1954, is one of the nation's largest builders of quality homes for all generations. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of the Company's homes and, through Rialto Mortgage Finance, originates mortgage loans secured primarily by commercial real estate properties throughout the United States.
In early 2019, I wrote in an InvestorPlace gallery about why housing stocks would be a good place to park your money in the new year. The thesis was pretty simple. Improving economic and housing sector fundamentals, coupled with oversold conditions, created a golden buying opportunity in overly beaten up housing stocks in early 2019. The conclusion? After a rough 2018, housing stocks were ready for a breakout in 2019.That thesis has played out as expected. After falling more than 25% in 2018, the SPDR S&P Homebuilders ETF(NYSEARCA:XHB) is up nearly 20% so far in 2019, and it's only early March. The catalyst behind this move higher in housing stocks has been economic, housing market and financial market stabilization, which together have reinforced that the fundamentals underlying housing stocks remain favorable.This rally in housing stocks will continue. The fundamentals are only getting better. Housing starts are turning around. Home values are still rising. Mortgage rates are still falling. Meanwhile, home ownership rates remain well below where they have been historically, wages are rising at their fastest pace in a decade, the unemployment rate is at a record low and consumer confidence is back.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Stocks Sitting on Huge Piles of Cash All together, the fundamentals underneath housing stocks remain healthy. Meanwhile, valuations are still largely depressed. As such, the outlook for housing stocks to head higher for the foreseeable future is quite favorable.Source: Shutterstock Housing Stocks to Buy: LGI Homes (LGIH)YTD Gain: 30%The housing stock that has staged the biggest gain this year is LGI Homes (NYSE:LGIH). This U.S. homebuilder has a history of sustained growth and broad exposure to the U.S. housing sector, with operations in 26 markets and 16 states. As such, theory says that as goes the U.S. housing market, so goes LGIH stock.That's exactly what has happened in early 2019. The housing market has materially improved. LGI's numbers have materially improved, too, with the company reporting growth across revenues, home closings, average home sales prices, and gross margins last quarter. Those strong numbers converged on a discounted valuation, and LGIH stock has consequently been on a solid uptrend.This uptrend should continue. U.S. housing market fundamentals are improving. LGIH stock remains cheap (7x forward earnings). That combination should keep LGIH stock on a winning track for the foreseeable future.Source: Squidish via Flickr (modified) KB Home (KBH)YTD Gain: 25%Another homebuilder which has soared in early 2019 as favorable fundamentals have converged on a discounted valuation is KB Home (NYSE:KBH).Heading into the year, KBH stock was trading at 7x forward earnings. Then, the company reported strong fourth quarter numbers that included slight delivery volume growth and roughly stable profit margins. Those are pretty good numbers for a homebuilder trading at 7x forward earnings, so KBH stock has naturally staged a big rally ever since. * The 10 Best Stocks to Buy for the Bull Market's Anniversary This rally will continue. KBH stock is still really cheap, at now 9x forward earnings. The numbers will only get better, as you will probably see selling price growth come back into the picture this year and drive positive revenue growth alongside stable margins. If so, the stock should keep heading higher, given that it still isn't priced for much growth.Source: Shutterstock Lennar (LEN)YTD Gain: 23%Much like KB Home, homebuilder Lennar (NYSE:LEN) is up more than 20% year-to-date thanks to better-than-expected quarterly numbers which, combined with improving macroeconomic data, implied that things aren't as bad as feared in the U.S. housing sector.Specifically, Lennar reported fourth-quarter numbers in early 2019 that weren't great. Growth slowed and margins were under pressure. But growth was still positive, margins didn't fall that much and average selling prices were up. In other words, things were bad, but not that bad. Ever since, macroeconomic data has improved, likewise meaning that Lennar's operations have likely improved, too.If so, LEN stock should stay on an uptrend. The stock is still incredibly cheap at 8x forward earnings, and the numbers have an opportunity to meaningfully improve. That is a winning recipe for a housing stock.Source: -v via Flickr (modified) D.R. Horton (DHI)YTD Gain: 20%The number one homebuilder in America by closings volume -- D.R. Horton (NYSE:DHI) -- naturally has a ton of exposure to the housing market. As such, as housing market fundamentals have improved, DHI stock has bounced back.The fundamentals here are good. DHI is the biggest homebuilder in America and has been for almost two decades. The company has broad geographic and demographic diversity, and controls dominant market share in rapidly expanding metro areas like Phoenix and Dallas Fort Worth. Fiscal 2018 was a great year for the company. There were some concerns that fiscal 2019 would be different. It hasn't been. First-quarter numbers were strong, characterized by healthy growth in closings and orders. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio In other words, DHI's numbers coupled with improving housing market data imply that 2019 will look a lot more like 2018 that anyone had previously expected. That's a good thing for DHI stock, which still trades at a rather cheap 10x forward earnings.Source: Ryan Homes NVR (NVR)YTD Gain: 14%The rally in homebuilder NVR (NYSE:NVR) has been subdued relative to some of its peers thanks to less-than-stellar fourth-quarter numbers.Specifically, in NVR's fourth quarter, everything was down. New order volume dropped 11%. Average sales prices dropped 1%. Backlog dropped 2% on a unit basis and 4% on a dollar basis. By most gauges, the quarter was not very good.But, it was good enough to lift a stock that was trading at just 14x forward earnings. Plus, the fundamentals here are good (big homebuilder with wide geographic and income exposure), and the macroeconomic backdrop has only improved since the fourth quarter of 2019. As such, NVR stock looks good for big rally in the foreseeable future.Source: Shutterstock Toll Brothers (TOL)YTD Gain: 9%Homebuilder Toll Brother (NYSE:TOL) has gained only 9% in a resurgent housing market in 2019, but that could change soon, as the stock looks ready to take a big leg higher.Toll Brothers recently reported first-quarter 2019 numbers, and they were really good. Not only did they blow past consensus estimates, but they broadly confirmed that this company is hugely benefiting from underlying improvements in the U.S. housing market. Thus, investors are now correlating improvements in the U.S. housing market to improvements in TOL's numbers. * 7 Dow Jones Stocks to Buy That's a really good thing. The U.S. housing market should improve throughout 2019. Investors will interpret that as meaning TOL's numbers are getting better, too. With TOL stock trading at just 8x forward earnings, that interpretation should lead to a lot of buying, and all that buying should push TOL stock way higher. Housing Stocks Bouncing Back: PulteGroup (PHM)YTD Gain: 7%Despite rising only 7% in 2019 amid a resurgent housing market, PulteGroup (NYSE:PHM) is actually one of the more attractive homebuilder stocks, supported by healthy long-term fundamentals.PulteGroup is big (the nation's third largest homebuilder), with healthy geographic diversity (25 states and nearly 50 major markets) and broad demographic diversity (30% entry-level buyers, 30% move-up buyers, 15% luxury buyers and 25% active adult buyers). Because of this wide exposure, PulteGroup truly moves with the U.S. economy.In the fourth quarter of 2018, when the U.S. economy was decelerating, PulteGroup still reported increases in closings volume and average sales prices. The economy has only improved since then. So have PulteGroup's numbers. But, PHM stock is up only 7% in 2019, and still trades at just 8x forward earnings. As such, the bull thesis here through EPS growth and multiple expansion looks compelling.As of this writing, Luke Lango was long XHB, LGIH, KBH and TOL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 7 Housing Stocks Bouncing Back In 2019 appeared first on InvestorPlace.
Lennar (LEN) is set to add an upscale salon to its newest location NordHaus. This upscale salon is likely to open in spring 2019.
Strada Investment Group's proposal, Jamestown, offers families a rare shot at owning their own space in San Francisco — but they better bring a car.
Work on the 635,000-square-foot mall was halted last year due to the "rapidly evolving retail landscape."
MINNEAPOLIS, March 12, 2019 /PRNewswire/ -- LMC, a leader in apartment development and operations, today announced that Haus Salon has begun construction on its newest location at NordHaus, a luxury mixed-use apartment community in northeastern Minneapolis. Haus Salon, which opened its first location in South Minneapolis in 2011 and expanded to the North Loop in 2014, is known for being chic, effortless and inspiring for its clients. "We're delighted to be the newest home for Haus Salon, which will serve as another exciting and valuable addition for our residents and the local community," said Doug Bober, division president of the central and Midwest for LMC.
Home builders have been under a variety of pressures, including too-few buyers. A JPMorgan analyst gives his views on buys and sells.
Lennar's (LEN) wholly-owned subsidiary, LMC is set to build a new luxury apartment community, The Ellis, in Uptown Charlotte, NC.
Luxury Mixed-Use Community Will Add 539 Apartment Homes to Uptown Charlotte CHARLOTTE, N.C. , March 7, 2019 /PRNewswire/ -- LMC , a leader in apartment development and management, today announced the ...
NEW YORK, March 07, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
The Ellis will bring 549 apartments in a 33-story high-rise and six-story midrise building with ground-floor retail space to Ninth and College streets.