|Bid||38.70 x 800|
|Ask||38.71 x 900|
|Day's Range||37.88 - 38.76|
|52 Week Range||28.68 - 39.58|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||8.21|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||0.44 (1.15%)|
|1y Target Est||37.75|
Shares of Toll Brothers continue to be under pressure today despite the company reporting above earnings-per-share estimates. Yahoo Finance's Scott Gamm breaks it down.
CEO of Toll Brothers Inc (30-Year Financial, Insider Trades) Douglas C. Jr. Yearley (insider trades) sold 46,875 shares of TOL on 09/12/2019 at an average price of $38.3 a share. Continue reading...
Toll Brothers will build its first active adult community for people ages 55 and older after buying land in Palm Beach Gardens. This will be the third community by Toll Brothers in the master-planned Avenir community. Soon after, it announced plans for the 119-home Windgate at Avenir and the 98-home Watermark at Avenir.
Toll Brothers, Inc., (TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today announced its expansion into the Charleston, Greenville, and Myrtle Beach, South Carolina markets through the acquisition of Sabal Homes, one of the top private home building companies in South Carolina. Sabal Homes was founded in 2005 by Matt Jones, Jason Simpson, and Todd Ussery and has built over 1,375 new homes in South Carolina since inception.
Inc. (the “Company” or “we”) (TOL) (www.tollbrothers.com), announced today that it has priced an underwritten public offering (the “Offering”) of $400 million of 3.800% Senior Notes due 2029 (the “Notes”) issued by Toll Brothers Finance Corp., a wholly-owned subsidiary of the Company. The Company expects to use the net proceeds from the Offering for general corporate purposes, which may include repayment of indebtedness. BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC and SMBC Nikko Securities America, Inc. are acting as Joint Book-Running Managers in the Offering.
Moody's Investors Service assigned a Ba1 rating to Toll Brothers Finance Corp.'s proposed $350 million of senior unsecured notes due 2029. All other ratings of Toll Brothers, Inc. ("Toll") (Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating, SGL-2 Speculative Grade Liquidity Rating), and of Toll Brothers Finance Corp. (Ba1 rating on existing senior unsecured notes) remain unchanged.
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Home buyers can take advantage of exceptional savings on Toll Brothers homes for a limited time during the National Sales Event. Toll Brothers’ award-winning in-house architectural design team has developed a wide selection of floor plan layouts and options so that buyers can truly make their new home their own.
Declining mortgage rates and solid economic fundamentals are expected to boost housing demand. In this context, let us analyze whether KB Home (KBH) or Meritage Homes (MTH) is a better pick.
On 31 July 2019, Toll Brothers, Inc. (NYSE:TOL) released its most recent earnings update. Generally, analyst consensus...
Wells Fargo downgraded its rating on Toll Brothers stock, seeing few drivers to push shares higher in the near term.
Three master-planned communities around the Houston area recently announced a grand opening, the opening of model homes and the opening of a new section.
Toll Brothers, Cree, Alibaba, Disney, Sony and Helios and Matheson Analytics are the companies to watch.
Toll Brothers Inc (NYSE: TOL ) reported a top-and-bottom-line beat in its fiscal third-quarter on Tuesday. The luxury homebuilder followed up with encouraging commentary on the fiscal fourth quarter. ...
(Bloomberg) -- Wealthy buyers are pulling back from some of the most expensive housing markets in the U.S., the latest sign that sky-high prices and fears of a recession are weighing on a key sector of the economy.Toll Brothers Inc., the nation’s largest publicly traded luxury-home builder, said late Tuesday that purchase agreements fell 3% from a year earlier, worse than a decline of less than 1% that was expected by a Bloomberg survey of six analysts. The company’s orders in California, home to some of the priciest markets in the country, tumbled 36% from a year earlier.The shares were down 4.1% to $35.40 at 12:55 p.m. New York time after earlier falling as much as 6.3%. It was the worst performance in an S&P index of homebuilders, which rose 0.8%.Toll’s results underscore a shift taking place in the U.S. housing market. The return of low mortgage rates is heating up competition for starter homes and fueling steep price gains in cities that have long been more affordable. Meanwhile, expensive markets, like San Jose and Seattle, as well as the luxury homes that Toll builds, have seen a drop-off in demand.Purchases of previously owned U.S. homes, which cost less than half of Toll’s offerings on average, rose to a five-month high in July, the National Association of Realtors said Wednesday.Toll’s buyers “are a little more sensitive to what’s going on in the broader economy,” said Drew Reading, an analyst at Bloomberg Intelligence. “They’re paying more attention to the stock market.”Slowdown SignsWall Street and Washington have been buzzing this month about the potential for an economic slowdown after U.S. equities suffered one of the deepest sell-offs of the year on Aug. 14 and a key portion of the U.S. Treasury yield curve inverted for the first time in 12 years. New-home sales also were weaker than expected in June.Homebuilders that cater to entry-level buyers are better positioned to weather shifting demand, Reading said. Shares of D.R. Horton Inc., which focuses on starter homes, have climbed 41% this year through Tuesday, while Toll Brothers was up 12%.The luxury builder’s biggest challenge may be its concentration in California, where its homes under contract had an average price of $1.74 million in the quarter. Chinese buyers have pulled back there and the federal tax overhaul limited deductions for property levies and mortgage interest.As at other homebuilders, Toll’s profits have gotten squeezed by the need to drive sales with buyer incentives. Fewer California deals, with their relatively fat margins, also didn’t help. Toll’s full-year guidance for adjusted gross margin of 23% was slightly lower than the consensus of 23.2%, based on a Bloomberg survey of analysts.‘Tailwinds’ IntactToll is off to a good start in August, Chief Executive Officer Doug Yearley said on a call with analysts. The company was able to increase prices in about half its markets, he said.“With demographics improving, low interest rates, record-low unemployment, continued wage growth and limited new and resale inventory in many markets, we are optimistic about the opportunities ahead,” Yearley said.The company said the weakness in California was primarily in the northern part of the state and that order growth will improve in subsequent quarters because the year-over-year comparisons will be with periods that were softer. The sales slowdown for new homes took hold late last summer.“It’s no secret that lower prices is a better place to be right now,” Jack Micenko, an analyst with Susquehanna International Group, said after the call. “But I think the numbers this quarter were very much a function of how good things were well into the summer last year and then they fell off a cliff.”The company has been looking to scale up its business in other parts of the country and build slightly less-expensive homes for wealthy millennials. That will lead to lower average prices and potentially an increase in sales because the pool of more-affordable homes is greater.“They are diversifying the type of product they’re building, but it’s not a transformation that happens overnight,” said Alex Barron, an analyst with the Housing Research Center in El Paso, Texas. “Toll Brothers is luxury. They’re not going to go from being a Nordstrom to being Walmart.”(Updates with existing-home sales, CEO and analyst comments.)To contact the reporters on this story: Noah Buhayar in Seattle at firstname.lastname@example.org;Prashant Gopal in Boston at email@example.comTo contact the editors responsible for this story: Debarati Roy at firstname.lastname@example.org, Christine Maurus, Josh FriedmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Wall Street's main indexes rose about 1% on Wednesday, as upbeat earnings from retailers Lowe's and Target reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of interest rate cuts. Big-box retailer Target Corp surged 19.5%, set for its biggest one-day percentage jump, after it raised its annual earnings forecast.
Toll Brothers stock was down after the company reported fiscal third-quarter earnings. Though earnings per share solidly beat expectations, analysts were disappointed by a decline in unit orders.
U.S. stocks advanced on Wednesday following upbeat earnings from retailers Lowe's and Target that reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of future rate cuts. Big-box retailer Target Corp surged 18.2%, the most on the S&P 500 index, after it beat quarterly profit estimates and raised its annual earnings forecast.
Although reduced mortgage rates and solid job market have helped Toll Brothers (TOL) to post better-than-expected fiscal Q3 numbers, lower orders raise a concern.