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TOL

Toll Brothers

$36.60

-1.66 (-4.34%)

11:29
08/22/17
08/22
11:29
08/22/17
11:29

Toll Brothers lowers higher end of FY17 gross margin view to 25%

Earlier today, with its Q3 financial results, the company lowered the higher end of its FY17 adjusted gross margin view. The company now sees FY17 adjusted gross margins to between 24.8% and 25.% of revenues, for SG&A to 10.4% of revenues, for Other income and Income from unconsolidated entities to between $160M and $180M and for its effective tax rate to approximately 35%. Previously, the company modeled guidance for full FY adjusted gross margin of between 24.8% to 25.3%, SG&A as a percentage of revenues of 10.6%, Other income and Income from unconsolidated entities of $160M to $200M and effective tax rate of 37.5%.

  • 22

    Aug

TOL Toll Brothers
$36.60

-1.66 (-4.34%)

07/11/17
LEHM
07/11/17
DOWNGRADE
Target $37
LEHM
Toll Brothers downgraded to Underweight from Equal Weight at Barclays
As previously reported, Barclays analyst Michael Dahl downgraded Toll Brothers (TOL) to Underweight and keeps a $37 price target for the shares. The analyst says his firm's June agency survey indicated moderating buyer traffic trends. He sees risk that near-term catalysts for builders will disappoint relative to rising expectations. As such, Dahl recommends "tactically" reducing exposure to homebuilder stocks. Along with Toll Brothers, the analyst this morning downgraded TRI Pointe (TPH), PulteGroup (PHM) and Lennar (LEN) to Equal Weight. He also upgraded CalAtlantic (CAA) to Equal Weight. Dahl reiterates Underweight ratings on KB Home (KBH), Meritage Homes (MTH) and Realogy (RLGY).
06/27/17
BOFA
06/27/17
NO CHANGE
BOFA
US housing cycle may be inflecting higher, says BofA/Merrill
BofA/Merrill analyst John Lovallo raised single-family house starts and new home sales forecasts for 2018 and 2019 to reflect a continuation in accelerating demand over the past six months. He now expects 2018 single family starts and new homes sales of up 9% year-over-year versus 6% previously, and 2019 growth of up 8% growth year-over-year, versus 5% previously. The analyst believes demand is being supported by the return of first time home buyers, low mortgage rates, and stronger home equity positions. Lovallo raised earnings estimates across the group and reiterated D.R. Horton (DHI) and PulteGroup (PHM) as top picks.
06/22/17
FBCO
06/22/17
INITIATION
Target $39
FBCO
Neutral
Toll Brothers initiated with a Neutral at Credit Suisse
Credit Suisse analyst Susan Maklari initiated Toll Brothers with a Neutral and a $39 price target saying she would wait for a better entry point to before buying shares.
05/24/17
05/24/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AutoZone (AZO) downgraded to Equal Weight from Overweight at Stephens with analyst Ben Bienvenu citing the company's third quarter earnings report. 2. Ooma (OOMA) was downgraded to Market Perform from Outperform at William Blair, to Neutral from Outperform at Credit Suisse, to Underperform from Buy at BofA/Merrill, and to Market Perform from Outperform at William Blair. 3. Momo (MOMO) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao citing the company's first quarter results. 4. Toll Brothers (TOL) downgraded to Neutral on valuation at Buckingham with analyst Mark Weintraub citing recent share strength and raised his price target to $39 from $38. 5. Accenture (ACN) downgraded to Hold from Buy at SunTrust with analyst Frank Atkins citing valuation and maintained a $130 price target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

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AAPL

Apple

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-1.5 (-0.98%)

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  • 22

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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AAPL

Apple

$151.89

-1.5 (-0.98%)

11:16
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Apple's iPhone 8 shows slower adoption than previous models, Localytics reports »

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  • 22

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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11:15
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UN

Unilever; also tag UL

$58.67

0.06 (0.10%)

, UL

Unilever; also tag UN

$57.57

0.13 (0.23%)

11:10
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Shares of Unilever (UN,…

UN

Unilever; also tag UL

$58.67

0.06 (0.10%)

UL

Unilever; also tag UN

$57.57

0.13 (0.23%)

GS

Goldman Sachs

$230.42

-0.61 (-0.26%)

KHC

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$77.52

-1.49 (-1.89%)

EL

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$107.95

0.365 (0.34%)

LVMUY

LVMH

$55.05

0.208 (0.38%)

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  • 25

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UPS

UPS

$117.51

-0.16 (-0.14%)

11:10
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Options
Bullish longer-term play in UPS »

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DGX

Quest Diagnostics

$95.22

-6.895 (-6.75%)

, LH

LabCorp

$150.06

-5.01 (-3.23%)

11:09
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Medical diagnostics names slide after CMS proposes cuts »

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DGX

Quest Diagnostics

$95.22

-6.895 (-6.75%)

LH

LabCorp

$150.06

-5.01 (-3.23%)

EXAS

Exact Sciences

$45.96

0.96 (2.13%)

NEO

NeoGenomics

$11.01

0.09 (0.82%)

GHDX

Genomic Health

$30.98

0.13 (0.42%)

VCYT

Veracyte

$8.48

0.18 (2.17%)

VRML

Vermillion

$1.29

0.05 (4.03%)

GNMK

GenMark

$9.52

-0.04 (-0.42%)

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  • 25

    Sep

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    Nov

SPY

SPDR S&P 500 ETF Trust

$248.97

-0.47 (-0.19%)

, SPX

S&P 500

11:05
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09/25
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Periodicals
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SPY

SPDR S&P 500 ETF Trust

$248.97

-0.47 (-0.19%)

SPX

S&P 500

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CCL

Carnival

$64.24

-0.09 (-0.14%)

11:05
09/25/17
09/25
11:05
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11:05
Options
Carnival call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

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CCC

Calgon Carbon

$21.38

-0.025 (-0.12%)

11:04
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11:04
Downgrade
Calgon Carbon rating change  »

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PFE

Pfizer

$35.91

-0.05 (-0.14%)

11:04
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  • 26

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SPX

S&P 500

11:04
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General news
North Korea says Trump's comments declaration of war, Bloomberg reports »

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PSMT

PriceSmart

$87.60

0.15 (0.17%)

11:04
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  • 27

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EBS

Emergent BioSolutions

$38.52

0.18 (0.47%)

11:02
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  • 25

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AIR

AAR Corp.

$37.17

0.23 (0.62%)

10:58
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UBNT

Ubiquiti

$54.18

1.52 (2.89%)

10:57
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10:57
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Periodicals
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  • 26

    Sep

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WFC

Wells Fargo

$54.21

-0.0369 (-0.07%)

10:55
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Options
Wells Fargo put volume heavy and directionally bearish »

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  • 03

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GPC

Genuine Parts

$93.73

5.745 (6.53%)

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  • 25

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SSRM

SSR Mining

$10.26

0.16 (1.58%)

10:52
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Upgrade
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NLSN

Nielsen

$41.13

0.24 (0.59%)

, SCOR

comScore

$29.10

0.25 (0.87%)

10:50
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Nielsen Holdings (NLSN)…

NLSN

Nielsen

$41.13

0.24 (0.59%)

SCOR

comScore

$29.10

0.25 (0.87%)

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