D.R. Horton Target of Unusually High Options Trading (DHI)
D.R. Horton (NYSE:DHI) was the target of some unusual options trading on Friday. Investors acquired 7,439 call options on the stock, Stock Ratings News reports. This is an increase of approximately 153% compared to the average daily volume of 2,944 call options.
A number of research firms have recently commented on DHI. Analysts at JMP Securities downgraded shares of D.R. Horton from a “market outperform” rating to a “market perform” rating in a research note on Thursday. Separately, analysts at Barclays raised their price target on shares of D.R. Horton from $28.00 to $34.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital upgraded shares of D.R. Horton from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $27.00 price target on the stock, up previously from $26.00. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $25.91.
Shares of D.R. Horton (NYSE:DHI) traded down 1.27% during mid-day trading on Friday, hitting $24.11. 4,343,161 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 $25.23. The stock has a 50-day moving average of $23.92 and a 200-day moving average of $22.78. The company has a market cap of $7.842 billion and a price-to-earnings ratio of 15.77.
D.R. Horton (NYSE:DHI) last released its earnings data on Thursday, April 24th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts predict that D.R. Horton will post $1.73 earnings per share for the current fiscal year.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 27 states and 78 metropolitan markets of the United States, primarily under the name of D.
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