KB Home (KBH)’s Stock Formed A Several Months Wedge Up Chart Pattern

KB Home (NYSE:KBH) Logo

Investors sentiment decreased to 1 in 2018 Q4. Its down 0.12, from 1.12 in 2018Q3. It turned negative, as 40 investors sold KB Home shares while 62 reduced holdings. 34 funds opened positions while 68 raised stakes. 73.93 million shares or 0.95% less from 74.64 million shares in 2018Q3 were reported.
Athena Capital Advsr Ltd Liability Corporation reported 10 shares stake. Jpmorgan Chase & accumulated 0.01% or 3.32 million shares. Capital World Investors invested 0.01% in KB Home (NYSE:KBH). Tcw Grp has invested 0.03% in KB Home (NYSE:KBH). Comerica National Bank & Trust reported 55,276 shares. Guggenheim Ltd Liability Com accumulated 79,666 shares or 0.01% of the stock. Pnc Fincl Svcs Group has 5,404 shares. Retirement Sys Of Alabama reported 0.01% of its portfolio in KB Home (NYSE:KBH). Federated Inc Pa owns 769,014 shares. Acadian Asset Mgmt Limited Liability Corp accumulated 8,520 shares. Renaissance Lc accumulated 0.06% or 2.71 million shares. Tiaa Cref Invest Management Limited Liability Corp invested in 0.01% or 487,876 shares. 12,522 were accumulated by Amalgamated Financial Bank. San Francisco Sentry Invest (Ca) invested in 97 shares or 0% of the stock. Cim Investment Mangement Incorporated has 15,658 shares.

The stock of KB Home (KBH) formed an up wedge with $26.57 target or 4.00 % above today’s $25.55 share price. The 6 months wedge indicates low risk for the $2.23B company. If the $26.57 price target is reached, the company will be worth $89.04 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.66% or $0.17 during the last trading session, reaching $25.55. About 409,587 shares traded. KB Home (NYSE:KBH) has declined 17.01% since May 8, 2018 and is downtrending. It has underperformed by 21.38% the S&P500.

Analysts await KB Home (NYSE:KBH) to report earnings on June, 27. They expect $0.39 EPS, down 31.58 % or $0.18 from last year’s $0.57 per share. KBH’s profit will be $33.98 million for 16.38 P/E if the $0.39 EPS becomes a reality. After $0.31 actual EPS reported by KB Home for the previous quarter, Wall Street now forecasts 25.81 % EPS growth.

KB Home (NYSE:KBH) Ratings Coverage

Among 8 analysts covering KB Home (NYSE:KBH), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. KB Home had 13 analyst reports since November 15, 2018 according to SRatingsIntel. The stock of KB Home (NYSE:KBH) has “Neutral” rating given on Thursday, November 15 by Wedbush. The stock of KB Home (NYSE:KBH) earned “Market Outperform” rating by JMP Securities on Monday, November 19. The rating was maintained by Credit Suisse on Thursday, November 15 with “Underperform”. As per Wednesday, March 27, the company rating was maintained by Buckingham Research. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, March 27 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, November 15 report. The firm has “Outperform” rating by Wells Fargo given on Thursday, November 15. The firm has “Neutral” rating given on Wednesday, April 10 by JP Morgan. The firm has “Neutral” rating given on Thursday, November 15 by Bank of America.

More notable recent KB Home (NYSE:KBH) news were published by: Benzinga.com which released: “26 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” on April 10, 2019, also Benzinga.com with their article: “Cramer Talks KB Home (NYSE:KBH) Earnings, Implications For Housing Sector – Benzinga” published on March 27, 2019, Benzinga.com published: “D.R. Horton, Inc. (NYSE:DHI), Home Depot, Inc. (The) (NYSE:HD) – After Chilly Winter, Homebuilders To Share Earnings With High Hopes Ahead – Benzinga” on April 23, 2019. More interesting news about KB Home (NYSE:KBH) were released by: Nasdaq.com and their article: “KB Home Has a Lot to Prove in 2019 – Nasdaq” published on April 28, 2019 as well as Businesswire.com‘s news article titled: “KB Home Announces the Grand Opening of Its First Community of ENERGY STAR® Certified Homes in the Seattle Area – Business Wire” with publication date: April 25, 2019.

KB Home operates as a homebuilding company in the United States. The company has market cap of $2.23 billion. It manufactures and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. It has a 9.63 P/E ratio. The firm also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

KB Home (NYSE:KBH) Institutional Positions Chart

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