LGIH: Buy at $124.04 Profit Target $148.85

The Market isn't in the greatest situation to buy so this Long position should be taken with a heap of caution. LGIH Builds Entry Level Single Family Family in 17 States in the United States, single family homes in the United States have experienced an upswing of activity since COVID-19 has begun and at least in the San Francisco Bay Area there is a bidding war. There is a potential Consolidation base buy point at $124.04 and has done okay not great during the past 2 weeks of the downtrend. It has shown some resilience on the price standpoint especially being up 4% when the indices are down -4% for the week. 2 Top Mutual Funds own it, which is Lord Abbett Developing Growth and Wasatch Mircro Cap, which give the stock some strength. The sales and earnings are growing but would like to see higher growth.

Yearly EPS
2017: 4.73
2018: 6.24
2019: 7.02
2020: 7.66
2021: 8.96

Qtrly Sales
Dec-19: +42%
Mar-20: +58%
Jun-20: +4%

Sales for the most recent quarter has decreased so there is some caution. Instead of the regular 25% profit would aim for a 20% or maybe even a 10% profit depends on the market environment. Safe Trading.