KB Home Gets a Sell Rating from Barclays

By Ryan Adsit

Barclays analyst Michael Dahl maintained a Sell rating on KB Home (NYSE: KBH) on June 28 and set a price target of $17. The company’s shares closed yesterday at $23.77, close to its 52-week high of $24.09.

According to TipRanks.com, Dahl is a 3-star analyst with an average return of 1.4% and a 60.3% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker Inc, Green Brick Partners, and Mohawk Industries.

KB Home has an analyst consensus of Hold, with a price target consensus of $21.86.

KB Home’s market cap is currently $2.03B and has a P/E ratio of 18.28. The company has a book value ratio of 1.1673.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Thomas Norton, the SVP HR of KBH sold 45,000 shares for a total of $891,450.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

KB Home operates as a homebuilding company that constructs and sells homes in the United States. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The company operates its business through four segments: West Coast, Southwest, Central and Southeast.