KB Home (KBH) Lowered to “Sell” at Evercore ISI
A number of other brokerages also recently issued reports on KBH. Barclays PLC started coverage on KB Home in a research note on Thursday, January 5th. They set an underweight rating and a $15.00 price objective for the company. Wells Fargo & Company started coverage on KB Home in a research note on Wednesday, September 28th. They issued a market perform rating for the company. Zacks Investment Research raised KB Home from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Tuesday, December 20th. Wedbush reaffirmed an outperform rating and issued a $22.00 price objective on shares of KB Home in a research note on Wednesday. Finally, MKM Partners set a $13.00 price objective on KB Home and gave the company a hold rating in a research note on Tuesday, October 11th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $15.67.
Shares of KB Home (NYSE:KBH) traded down 2.40% during midday trading on Thursday, hitting $16.25. 3,664,631 shares of the company were exchanged. The firm’s 50 day moving average price is $16.31 and its 200 day moving average price is $15.71. KB Home has a one year low of $9.04 and a one year high of $17.38. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.51 and a beta of 2.09.
KB Home (NYSE:KBH) last released its quarterly earnings data on Wednesday, January 11th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. KB Home had a net margin of 2.94% and a return on equity of 6.42%. The firm had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts forecast that KB Home will post $1.56 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Creative Planning boosted its stake in shares of KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock valued at $152,000 after buying an additional 529 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of KB Home during the second quarter valued at approximately $161,000. Teacher Retirement System of Texas boosted its stake in shares of KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock valued at $163,000 after buying an additional 538 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of KB Home during the second quarter valued at approximately $166,000. Finally, Bank of Hawaii purchased a new stake in shares of KB Home during the third quarter valued at approximately $188,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.
About KB Home
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
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