Traders Buy Large Volume of Put Options on KB Home (KBH)
Shares of KB Home (NYSE:KBH) was the target of unusually large options trading activity on Thursday. Stock investors acquired 13,185 put options on the stock, Analyst Ratings News reports. This represents an increase of approximately 230% compared to the average daily volume of 3,996 put options.
KBH has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 21st. Separately, analysts at Raymond James downgraded shares of KB Home from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, October 17th. Finally, analysts at Susquehanna upgraded shares of KB Home from a “neutral” rating to a “positive” rating in a research note to investors on Friday, October 11th. They now have a $22.00 price target on the stock, up previously from $20.00. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. KB Home presently has an average rating of “Hold” and an average target price of $19.61.
KB Home (NYSE:KBH) traded down 2.97% during mid-day trading on Thursday, hitting $16.97. The stock had a trading volume of 3,211,072 shares. KB Home has a 52 week low of $12.55 and a 52 week high of $25.14. The stock’s 50-day moving average is $17.43 and its 200-day moving average is $19.22. The company has a market cap of $1.421 billion and a price-to-earnings ratio of 73.80.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.07. The company had revenue of $549.00 million for the quarter, compared to the consensus estimate of $569.30 million. During the same quarter last year, the company posted $0.04 earnings per share. KB Home’s revenue was up 29.3% compared to the same quarter last year. Analysts expect that KB Home will post $0.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.03 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, November 5th.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes homes through its operating divisions under the name KB Home.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.