Barclays Reaffirms “Buy” Rating for KB Home (NYSE:KBH)

Barclays reissued their buy rating on shares of KB Home (NYSE:KBH) in a research report sent to investors on Sunday morning, AnalystRatings.com reports.

Several other equities analysts have also recently issued reports on KBH. Wells Fargo & Co boosted their price target on KB Home from $24.00 to $33.00 and gave the company an overweight rating in a research report on Thursday, June 25th. Evercore ISI cut KB Home from an outperform rating to an in-line rating and dropped their price target for the company from $39.00 to $33.00 in a research report on Thursday, June 25th. Bank of America upgraded KB Home from a neutral rating to a buy rating and dropped their price target for the company from $44.00 to $36.00 in a research report on Thursday, March 12th. Zacks Investment Research cut KB Home from a buy rating to a hold rating and set a $36.00 price target on the stock. in a research report on Tuesday, June 16th. Finally, Cfra dropped their price target on KB Home from $35.00 to $33.00 and set a strong-buy rating on the stock in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. KB Home currently has a consensus rating of Hold and a consensus target price of $33.72.

KB Home stock opened at $29.96 on Friday. KB Home has a fifty-two week low of $9.82 and a fifty-two week high of $40.51. The company has a market capitalization of $2.78 billion, a P/E ratio of 9.30, a PEG ratio of 1.75 and a beta of 1.94. The stock has a 50-day simple moving average of $31.49 and a 200-day simple moving average of $30.35.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, June 24th. The construction company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. KB Home had a return on equity of 12.82% and a net margin of 6.43%. The business had revenue of $913.97 million during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was down 10.6% on a year-over-year basis. Sell-side analysts forecast that KB Home will post 2.57 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of KB Home by 0.3% during the 1st quarter. State Street Corp now owns 2,762,013 shares of the construction company’s stock worth $49,992,000 after acquiring an additional 8,970 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of KB Home by 154.0% during the 1st quarter. Royal Bank of Canada now owns 176,724 shares of the construction company’s stock worth $3,198,000 after acquiring an additional 504,154 shares in the last quarter. AXA boosted its stake in shares of KB Home by 144.1% during the 1st quarter. AXA now owns 33,200 shares of the construction company’s stock worth $601,000 after acquiring an additional 19,600 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of KB Home by 39.7% during the 1st quarter. New Mexico Educational Retirement Board now owns 20,400 shares of the construction company’s stock worth $369,000 after acquiring an additional 5,800 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of KB Home by 10.3% during the 1st quarter. State of Tennessee Treasury Department now owns 46,230 shares of the construction company’s stock worth $837,000 after acquiring an additional 4,323 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers.

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