D.R. Horton (DHI) stock is expected to deviate a maximum of $4.1 from the average target price of $33.14 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $24.
D.R. Horton (DHI) reported a drop of 3.5% or 533,412 shares in its short interest. The short figure came in at 4.3% of the total floats. The average daily volume of 3,177,906 shares suggests that the days to cover 14,527,012 short positions, as on June 30,2016, will be 5. On June 15,2016, the short interest was 15,060,424 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Argus Research initiates coverage on D.R. Horton (NYSE:DHI) . The global brokerage major announces a current price target of $39 per share. Analysts at the Argus Research have a current rating of Buy on the shares. The rating by the firm was issued on June 17, 2016.
D.R. Horton (NYSE:DHI): stock turned positive on Thursday. Though the stock opened at $34.15, the bulls momentum made the stock top out at $34.28 level for the day. The stock recorded a low of $33.9 and closed the trading day at $34, in the green by 0.29%. The total traded volume for the day was 3,394,310. The stock had closed at $33.9 in the previous days trading.
D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, Americas Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.