LGI Homes, Inc. (NASDAQ:LGIH) Receives $126.00 Consensus Target Price from Analysts

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has been assigned a consensus rating of "Hold" from the four research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $126.00.

LGIH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on LGI Homes from $95.00 to $93.00 and set an "underweight" rating on the stock in a report on Wednesday, July 10th. Wedbush reissued a "neutral" rating and set a $125.00 price objective on shares of LGI Homes in a report on Friday, October 4th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LGIH. Oakcliff Capital Partners LP bought a new position in shares of LGI Homes in the 4th quarter worth about $5,139,000. Polen Capital Management LLC bought a new stake in LGI Homes in the 4th quarter valued at about $3,360,000. Cim LLC bought a new stake in LGI Homes in the 4th quarter valued at about $488,000. Mather Group LLC. bought a new stake in LGI Homes in the 1st quarter valued at about $47,000. Finally, Tributary Capital Management LLC increased its position in LGI Homes by 12.1% in the 1st quarter. Tributary Capital Management LLC now owns 149,945 shares of the financial services provider's stock valued at $17,449,000 after buying an additional 16,203 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Price Performance

LGI Homes stock traded up $2.84 during mid-day trading on Friday, reaching $112.10. 92,332 shares of the company were exchanged, compared to its average volume of 211,911. The company has a fifty day simple moving average of $109.17 and a 200-day simple moving average of $101.99. LGI Homes has a 12 month low of $84.00 and a 12 month high of $136.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 12.63 and a quick ratio of 0.49. The firm has a market cap of $2.63 billion, a PE ratio of 13.62 and a beta of 1.95.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.24. The firm had revenue of $602.50 million for the quarter, compared to analyst estimates of $617.44 million. LGI Homes had a return on equity of 10.45% and a net margin of 8.78%. The company's revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $2.25 EPS. As a group, equities research analysts expect that LGI Homes will post 8.82 earnings per share for the current fiscal year.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.