D.R. Horton Target of Unusually Large Options Trading (DHI)
Shares of D.R. Horton (NYSE:DHI) saw some unusual options trading on Friday. Stock traders acquired 5,456 put options on the stock, Analyst Ratings Network reports. This is an increase of approximately 186% compared to the typical daily volume of 1,907 put options.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of D.R. Horton (NYSE:DHI) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $20.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of D.R. Horton (NYSE:DHI) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Thomson Reuters/Verus downgraded shares of D.R. Horton (NYSE:DHI) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 19th.
Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.56.
Shares of D.R. Horton (NYSE:DHI) traded down 1.14% on Friday, hitting $19.14. 5,183,777 shares of the company’s stock traded hands. D.R. Horton has a 1-year low of $17.52 and a 1-year high of $27.75. The stock has a 50-day moving average of $18.90 and a 200-day moving average of $22.45. The company has a market cap of $6.179 billion and a price-to-earnings ratio of 15.66.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company posted $2.22 earnings per share. D.R. Horton’s revenue was up 47.3% compared to the same quarter last year.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 26 states and 77 metropolitan markets of the United States, primarily under the name of D.
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