KB Home (NYSE: KBH) is -40.53% lower on its value in year-to-date trading and has touched a low of $24.78 and a high of $50.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KBH stock was last observed hovering at around $28.02 in the last trading session, with the day’s loss setting it -1.42% off its average median price target of $34.50 for the next 12 months. It is also 42.17% off the consensus price target high of $46.00 offered by 16 analysts, but current levels are -10.83% lower than the price target low of $24.00 for the same period.
Currently trading at $26.60, the stock is -7.76% and -12.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.3 million and changing -5.07% at the moment leaves the stock -23.91% off its SMA200. KBH registered -34.98% loss for a year compared to 6-month loss of -26.17%.
The stock witnessed a -10.62% gain in the last 1 month and extending the period to 3 months gives it a -6.63%, and is -4.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.56% over the week and 3.61% over the month.
KB Home (KBH) has around 2244 employees, a market worth around $2.27B and $6.26B in sales. Current P/E ratio is 3.64 and Fwd P/E is 2.80. Profit margin for the company is 10.60%. Distance from 52-week low is 7.34% and -47.01% from its 52-week high. The company has generated returns on investments over the last 12 months (11.50%).
KB Home (KBH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for KB Home (KBH) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.50, where 7 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
KB Home is expected to release its quarterly report on 01/11/2023.The EPS is expected to grow by 91.70% this year
KB Home (KBH) Top Institutional Holders
The shares outstanding are 87.86M, and float is at 71.07M with Short Float at 8.31%.
KB Home (KBH) Insider Activity
A total of 10 insider transactions have happened at KB Home (KBH) in the last six months, with sales accounting for 0 and purchases happening 10 times. The most recent transaction is an insider sale by MEZGER JEFFREY T, the company’s President and CEO. SEC filings show that MEZGER JEFFREY T sold 79,718 shares of the company’s common stock on Nov 12 at a price of $42.28 per share for a total of $3.37 million. Following the sale, the insider now owns 1.1 million shares.
KB Home disclosed in a document filed with the SEC on Nov 11 that MEZGER JEFFREY T (President and CEO) sold a total of 121,408 shares of the company’s common stock. The trade occurred on Nov 11 and was made at $41.90 per share for $5.09 million. Following the transaction, the insider now directly holds 1.1 million shares of the KBH stock.
Still, SEC filings show that on Nov 10, MEZGER JEFFREY T (President and CEO) disposed off 90,910 shares at an average price of $41.93 for $3.81 million. The insider now directly holds 1,097,611 shares of KB Home (KBH).
KB Home (KBH): Who are the competitors?
The company’s main competitors (and peers) include M/I Homes Inc. (MHO) that is trading -37.92% down over the past 12 months and PulteGroup Inc. (PHM) that is -18.73% lower over the same period. D.R. Horton Inc. (DHI) is -19.80% down on the 1-year trading charts.