Stock Traders Purchase Large Volume of Call Options on KB Home (KBH)
KB Home (NYSE:KBH) saw some unusual options trading on Monday. Investors purchased 11,466 call options on the company, StockRatingsNetwork.com reports. This represents an increase of approximately 110% compared to the average volume of 5,460 call options.
KBH has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note on Wednesday, July 2nd. They now have a $20.00 price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of KB Home in a research note on Monday, June 30th. They now have a $20.00 price target on the stock, up previously from $18.00. Finally, analysts at Susquehanna raised their price target on shares of KB Home from $21.00 to $24.00 in a research note on Monday, June 30th. They now have a “positive” rating on the stock. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.33.
KB Home (NYSE:KBH) traded down 2.64% on Monday, hitting $18.10. The stock had a trading volume of 3,854,115 shares. KB Home has a 52-week low of $15.40 and a 52-week high of $20.78. The stock’s 50-day moving average is $17.07 and its 200-day moving average is $17.57. The company has a market cap of $1.620 billion and a price-to-earnings ratio of 19.15.
KB Home (NYSE:KBH) last released its earnings data on Friday, June 27th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.07. The company had revenue of $565.00 million for the quarter, compared to the consensus estimate of $563.10 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that KB Home will post $1.25 earnings per share for the current fiscal year.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes through its operating divisions under the name KB Home.
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