KB Home [KBH] stock is trading at $63.42, down -0.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KBH shares have gain 3.51% over the last week, with a monthly amount glided 6.12%, and seem to be holding up well over a long-time horizon.
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On 23, February 2024, KB Home Announces the Grand Opening of Its Newest Community, in Riverside, California. In a post published today on Yahoo Finance, Argento at Citrine offers personalized, spacious, new homes in the sought-after Orangecrest neighborhood and close to highly rated schools, priced from the $630,000s.
From an analyst’s perspective:
KB Home [NYSE: KBH] stock has seen the most recent analyst activity on January 11, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Deutsche Bank downgraded its rating to Sell on December 08, 2023, and dropped its price target to $46. On November 20, 2023, downgrade downgraded it’s rating to Neutral. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $58 on November 02, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $49 as its price target on October 17, 2023. Goldman downgraded its rating to Neutral for this stock on October 16, 2023, and downed its price target to $48. In a note dated July 14, 2023, Raymond James upgraded an Outperform rating on this stock but restated the target price of $61.
KB Home [KBH] stock has fluctuated between $33.92 and $64.21 over the past year. Currently, Wall Street analysts expect the stock to reach $48.21 within the next 12 months. KB Home [NYSE: KBH] shares were valued at $63.42 at the most recent close of the market. An investor can expect a potential drop of -23.98% based on the average KBH price forecast.
Analyzing the KBH fundamentals
KB Home [NYSE:KBH] reported sales of 6.41B for the trailing twelve months, which represents a drop of -13.71%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.09 points at the first support level, and at 62.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.84, and for the 2nd resistance point, it is at 64.25.
KB Home [KBH] reported earnings per share of $1.85 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.69/share, meaning a difference of $0.16 and a surprise factor of 9.50%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $1.8 per share as compared to estimates of $1.43 per share, a difference of $0.37 representing a surprise of 25.90%.
Ratios To Look Out For
For context, KB Home’s Current Ratio is 5.63. Also, the Quick Ratio is 0.99, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 9.01.
Transactions by insiders
Recent insider trading involved PRAW ALBERT Z, EVP, Real Estate & Bus. Dev., that happened on Feb 14 when 32528.0 shares were sold. President and COO, McGibney Robert V. completed a deal on Feb 14 to sell 14781.0 shares. Meanwhile, Director Gabriel Stuart A sold 12500.0 shares on Feb 14.
