[Business Wire] KB Home (NYSE:KBH)(TREND ANALYSIS) one of the nation’s largest and most recognized homebuilders, today announced the grand opening of Palo Alto at Stonegate Village, an exclusive collection of stylish single-family residences situated in one of Orange County’s most desirable master-planned communities. Located in the City of Irvine, home to some of the largest employers, highest safety-rated neighborhoods and most respected schools in Southern California, KB Home’s Palo Alto community offers homebuyers the opportunity to live in a well-established area consistently recognized as one of the best places to live in the country.
Homeowners at KB Home’s Palo Alto will have access to an array of resort-style amenities, including sport courts, a tot lot, barbecue areas, seven parks and four pools, with lush walking and biking pathways that wind through the scenic village. Parents at KB Home’s Palo Alto at Stonegate can be proud to send their students to highly-rated educational institutions within the award-winning Irvine Unified School District.
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KB Home (NYSE:KBH) stock is currently trading 21.18% below its 52-week-high, 27.21% above its 52-week-low. The 1-year stock price history is in the range of $11.76 – $18.98. KB Home (KBH) has a price to earnings ratio of 1.65 versus Industrial Goods sector average of 28.18. KBH stock price has underperformed the S&P 500 by 11.7%. The Residential & Commercial Home Builders company is currently valued at $1.38 billion and its share price closed the last trading session at $14.96. The stock has a 50-day moving average of $14.71 and a 200-day moving average of $14.73.
KB Home (KBH) current short interest stands at 14.17 million shares. It has increased by 1% from the same period of last month. Around 18% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.69 million shares, the number of days required to cover the short positions stand at 5.3 days.
The company is expected to announce next quarter earnings on June 19, at consensus estimate of $0.09. KB Home (KBH) reported last quarter earnings on March 20. The Residential & Commercial Home Builders company announced earnings per share of $0.07 against a consensus Street estimate of $0.02, beating the average estimate by $0.05. This corresponds to a decrease of $0.07 compared to the same quarter of the previous fiscal year.
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There are currently twenty analysts that cover KB Home stock. Of those twenty, four have a Buy rating, fourteen have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $16.31.
A recent analyst activity consisted of Raymond James downgrading their Outperform rating to Market Perform on May 15. On the date of report, the stock closed at $14.78.
Barclays reiterated their Underweight stance on March 23, and increased their price target on KBH stock from $12 to $14. This corresponds to a 6.42% downside from the last closing price. On the date of report, the stock closed at $14.96.
Another research firm was Citigroup who reiterated their Neutral stance on March 23. Citigroup increased their price target on KB Home from $15.5 to $17. This translates to a 13.64% upside from the last closing price. On the date of report, the stock closed at $14.96.
Company profile
KB Home builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers. The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title and insurance services.
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