KB Home (KBH) Given a $15.00 Price Target by MKM Partners Analysts
KB Home (NYSE:KBH) has been assigned a $15.00 price target by stock analysts at MKM Partners in a research note issued to investors on Monday. The firm currently has a a “hold” rating on the stock. MKM Partners’ price target would indicate a potential downside of 3.97% from the company’s previous close.
Several other analysts have also issued reports on KBH. Buckingham Research lowered shares of KB Home from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Monday, July 18th. RBC Capital Markets restated a “sector perform” rating and issued a $17.00 price target (up from $16.00) on shares of KB Home in a research report on Thursday, September 22nd. Bank of America Corp. restated a “sell” rating and issued a $12.50 price target on shares of KB Home in a research report on Wednesday, September 21st. Royal Bank Of Canada raised their price target on shares of KB Home from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 21st. Finally, FBR & Co restated a “market perform” rating and issued a $16.00 price target on shares of KB Home in a research report on Thursday, September 22nd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. KB Home presently has an average rating of “Hold” and an average price target of $15.57.
Shares of KB Home (NYSE:KBH) opened at 15.62 on Monday. The company’s 50-day moving average is $15.33 and its 200 day moving average is $14.98. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 13.52 and a beta of 2.07. KB Home has a 1-year low of $9.04 and a 1-year high of $16.76.
KB Home (NYSE:KBH) last posted its earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. KB Home had a net margin of 3.31% and a return on equity of 6.77%. The business had revenue of $913.30 million for the quarter. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post $1.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 17th. Shareholders of record on Thursday, November 3rd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.64%. The ex-dividend date is Tuesday, November 1st. KB Home’s payout ratio is presently 8.62%.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of KB Home by 2,051.7% in the second quarter. BNP Paribas Arbitrage SA now owns 39,011 shares of the company’s stock valued at $593,000 after buying an additional 37,198 shares in the last quarter. KBC Group NV boosted its stake in shares of KB Home by 24.3% in the second quarter. KBC Group NV now owns 110,836 shares of the company’s stock valued at $1,686,000 after buying an additional 21,660 shares in the last quarter. Amici Capital LLC acquired a new stake in shares of KB Home during the first quarter valued at approximately $1,431,000. Donald Smith & CO. Inc. boosted its stake in shares of KB Home by 11.6% in the second quarter. Donald Smith & CO. Inc. now owns 4,409,525 shares of the company’s stock valued at $67,069,000 after buying an additional 457,484 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of KB Home by 1,124.2% in the first quarter. Squarepoint Ops LLC now owns 139,973 shares of the company’s stock valued at $1,999,000 after buying an additional 128,539 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.
KB Home Company Profile
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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