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Christine Garvey, a director at Toll Brothers , Inc. (NYSE:TOL), a $12.6 billion luxury homebuilder trading at an attractive P/E ratio of 8.3, recently sold 204 shares of the company's common stock. According to InvestingPro analysis, the company currently appears slightly undervalued based on its Fair Value assessment. The shares were sold at a price of $125.78 each, amounting to a total transaction value of $25,659. Following this transaction, Garvey holds 7,728 shares indirectly through a trust. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is part of routine reporting for company insiders. InvestingPro subscribers can access 13 additional key insights about Toll Brothers, including detailed financial health metrics that show the company's "GREAT" overall financial condition.
In other recent news, Toll Brothers, a luxury homebuilding company, has seen varied adjustments to its stock target by several analyst firms. Raymond (NS:RYMD) James reduced the company's target from $170 to $165 but maintained a Strong Buy rating, following Toll Brothers' fourth-quarter results, which exceeded expectations. JPMorgan, on the other hand, downgraded the stock from Overweight to Neutral and reduced the price target to $150. This adjustment reflects anticipated shifts in market conditions and the fundamental outlook for homebuilders.
Conversely, RBC Capital Markets increased its price target for Toll Brothers to $150, maintaining an Outperform rating. This adjustment stems from expectations of higher product deliveries and average selling prices. Evercore ISI also raised the price target for Toll Brothers to $184, maintaining an Outperform rating, despite the company's lower-than-expected margin guidance.
These recent developments indicate that analysts' views on Toll Brothers are varied, with some firms showing caution due to potential market pressures, while others express confidence in the company's strategic positioning and future earnings potential.
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