KB Home (NYSE:KBH)‘s stock had its “sell” rating reiterated by equities research analysts at Bank of America Corp. in a note issued to investors on Wednesday. They presently have a $12.50 price target on the stock. Bank of America Corp.’s price target indicates a potential downside of 17.93% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. MKM Partners set a $13.00 price objective on KB Home and gave the company a “hold” rating in a research report on Wednesday, September 14th. Wedbush initiated coverage on KB Home in a research report on Monday. They issued an “outperform” rating and a $22.00 price objective 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 report on Monday, July 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price objective (up previously from $14.00) on shares of KB Home in a research report on Sunday, June 26th. Finally, Buckingham Research raised KB Home from a “neutral” rating to a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.27.

Analyst Recommendations for KB Home (NYSE:KBH)

Shares of KB Home (NYSE:KBH) traded up 2.01% during midday trading on Wednesday, reaching $15.23. The company’s stock had a trading volume of 5,777,398 shares. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.59 and a beta of 1.96. KB Home has a 52 week low of $9.04 and a 52 week high of $16.76. The firm’s 50 day moving average is $15.47 and its 200 day moving average is $14.62.

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KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. The business earned $913.30 million during the quarter. KB Home had a return on equity of 5.83% and a net margin of 2.89%. KB Home’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Equities analysts forecast that KB Home will post $1.34 EPS for the current fiscal year.

In other KB Home news, CEO Jeffrey T. Mezger sold 110,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $16.39, for a total transaction of $1,802,900.00. Following the transaction, the chief executive officer now owns 606,716 shares in the company, valued at $9,944,075.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $16.43, for a total value of $3,778,900.00. Following the transaction, the chief executive officer now owns 606,716 shares in the company, valued at approximately $9,968,343.88. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank bought a new position in shares of KB Home during the second quarter worth approximately $161,000. Teacher Retirement System of Texas boosted its position 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 worth $163,000 after buying an additional 538 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of KB Home during the second quarter worth approximately $166,000. Wedbush Securities Inc. bought a new position in shares of KB Home during the second quarter worth approximately $189,000. Finally, Seven Eight Capital LLC bought a new position in shares of KB Home during the first quarter worth approximately $219,000. Institutional investors own 92.39% 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.

5 Day Chart for NYSE:KBH

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