Financial PerformanceAnalyst sentiment is constructive on TOL due to its small market share with room to grow, broader geographic reach, and a near-luxury strategy that presents real opportunities in the total addressable market.
Market DemandBy any measure, the QTD read is strong, with February foot traffic highest since Feb '22 (web traffic also elevated); this indicates potential for increased order volumes.
Strategic ExecutionTOL's updated price target assumes a re-rating due to its more Sunbelt-centric operations, a greater mix of specs, and potential for long-term absorption rate improvements.