KB Home (KBH) Stock Formed Bullish Wedge Up Pattern. What To Expect?

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.
Covington Capital Management reported 1,000 shares. Dimensional Fund Advisors Limited Partnership invested in 2.87M shares. Moreover, Amundi Pioneer Asset has 0% invested in KB Home (NYSE:KBH). Us Natl Bank De holds 0% of its portfolio in KB Home (NYSE:KBH) for 3,638 shares. South Street Advisors has invested 1.08% in KB Home (NYSE:KBH). Fincl Architects Incorporated accumulated 1,622 shares. Athena Capital Advisors reported 0% in KB Home (NYSE:KBH). Morgan Stanley accumulated 795,176 shares. Ls Investment Advsr holds 5,002 shares. Prudential has 1.11M shares for 0.04% of their portfolio. Pub Employees Retirement Sys Of Ohio reported 24,639 shares. Moody National Bank Division has 273 shares. Balasa Dinverno And Foltz Lc holds 18,612 shares or 0.04% of its portfolio. Moreover, Advisory Ser Ltd Liability Co has 0% invested in KB Home (NYSE:KBH). Wells Fargo & Mn holds 0% of its portfolio in KB Home (NYSE:KBH) for 388,361 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 earnings per share, 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 earnings per share 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 Bank of America. Wells Fargo maintained the shares of KBH in report on Thursday, November 15 with “Outperform” rating. The firm earned “Underperform” rating on Thursday, November 15 by Credit Suisse. As per Wednesday, March 27, the company rating was maintained by Credit Suisse. The rating was upgraded by JP Morgan on Wednesday, April 10 to “Neutral”. As per Monday, November 19, the company rating was maintained by JMP Securities. The firm has “Equal-Weight” rating given on Thursday, November 15 by Barclays Capital. The firm earned “Neutral” rating on Wednesday, March 27 by Buckingham Research. The company was maintained on Thursday, November 15 by Wedbush.

More notable recent KB Home (NYSE:KBH) news were published by: Finance.Yahoo.com which released: “Did Hedge Funds Drop The Ball On KB Home (KBH) ? – Yahoo Finance” on May 02, 2019, also Investorplace.com with their article: “7 Reasons the Stock Market Rally Isn’t Over Yet – Investorplace.com” published on April 17, 2019, Schaeffersresearch.com published: “Exercise Caution on This Upgraded Housing Stock – Schaeffers Research” on April 10, 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 Tucson.com‘s news article titled: “KB Home’s Encantada Estates is Now Open | Business News – Arizona Daily Star” with publication date: April 16, 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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