Toll Brothers (TOL): Price Target and June Short Interest Disclosure

Toll Brothers (TOL) : Average target price received by Toll Brothers (TOL) is $35.43 with an expected standard deviation of $5.19. The most aggressive target on the stock is $42, whereas the most downbeat target is $29. 7 financial analysts are currently covering the stock.

Toll Brothers (TOL) stated loss of 120,856 shares or 1.5% in the short interest. The short interest registered from 7,966,068 on June 15,2016 to 7,845,212 on June 30,2016. In terms of floated shares, the shorted positions stood at 5.2%. The stock has been averaging 3,168,130 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Zelman downgrades the rating on Toll Brothers (NYSE:TOL). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 20, 2016.


Toll Brothers (NYSE:TOL): On Thursdays trading session , Opening price of the stock was $27.9 with an intraday high of $28.02. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.32. However, the stock managed to close at $27.46, a loss of 0.87% for the day. On the previous day, the stock had closed at $27.7. The total traded volume of the day was 2,251,021 shares.

Toll Brothers, Inc., is a property development company. The Company is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Company also develops, owns and operates golf courses and country clubs, which are associated with planned communities.

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