KB Home Sees Significant Increase in Short Interest (KBH)
Shares of KB Home (NYSE:KBH) were the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 21,989,932 shares, an increase of 27.8% from the July 15th total of 17,201,913 shares, ARN reports. Currently, 27.5% of the company’s stock are sold short. Based on an average daily volume of 3,746,461 shares, the days-to-cover ratio is currently 5.9 days.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note on Monday, July 21st. They now have a $19.00 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Shares of KB Home (NYSE:KBH) opened at 16.81 on Friday. KB Home has a 1-year low of $15.40 and a 1-year high of $20.78. The stock’s 50-day moving average is $17.42 and its 200-day moving average is $17.43. The company has a market cap of $1.543 billion and a price-to-earnings ratio of 16.93.
KB Home (NYSE:KBH) last released its earnings data on Friday, June 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that KB Home will post $1.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Tuesday, August 5th.
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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