Wells Fargo Reiterates Sell Rating on KBH
Wells Fargo maintains a sell rating on KBH with a $52 target, a 15.46% downside from the current price.
Key Points
- Wells Fargo reaffirmed its sell rating on KBH, setting a target price of $52 as of June 24, 2026.
- Wells Fargo's $52 price target implies 15.46% downside from KB Home's ($KBH) current $61.51 share price.
- KBH shares traded at $52.73 on Wednesday, with varied institutional interests including BlackRock and Vanguard.
- Insider buying activities were reported on April 23, 2026, involving several executives acquiring shares.
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Wells Fargo has reiterated its sell rating on KBH, setting a price target of $52. This update came on June 24, 2026. Shares of KBH traded at $52.73 on Wednesday.
Wells Fargo vs. the S&P 500
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Other Institutional Activity in KBH
Several institutional investors have adjusted their positions in KBH. BlackRock, Inc. added 94,849 shares, bringing its total to 9,382,121 shares valued at about $485.5 million, marking a 1.0% increase. FMR LLC reduced its stake by 568,578 shares to 5,080,393 shares, valued at approximately $262.9 million, reflecting a 10.1% decrease. State Street Corp increased its holdings by 73,408 shares, ending with 3,333,544 shares worth around $172.5 million, a 2.3% increase. Meanwhile, Capital World Investors maintained its position with 2,957,918 shares valued at $153.1 million. Notably, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC opened new positions, holding 2,903,154 and 2,509,809 shares, valued at $150.2 million and $129.9 million, respectively.
KB Home Stock Up 12.1%
On Wednesday, KBH shares traded at $52.73. The stock has seen varied interest from institutional investors, reflecting a mix of increased and new positions. Analysts have also provided mixed ratings, with some firms maintaining buy ratings while others recommend selling.
$KBH price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at KB Home
On April 23, 2026, several insiders, including Cheryl Janet Henry, Thomas Gilligan, Dorene Dominguez, Arthur Reginald Collins, Kevin Paul Eltife, and CEO Robert McGibney, each acquired 2,895 shares. These transactions were not part of any pre-planned trading programs.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained a sell rating for KBH with a $52 price target. UBS also maintained a buy rating with a $66 target, while Citizens reiterated a buy rating with a $77 target. Truist Securities, on May 4, maintained a hold rating with a $50 target. Meanwhile, Seaport Global downgraded the stock to sell with a $43 target on April 7.
Bottom Line
Wells Fargo's reaffirmation of its sell rating on KBH, with a $52 target, highlights the cautious stance some analysts have on the stock. While shares traded at $52.73, varying institutional activities show mixed confidence. Insider buying in April suggests some internal optimism, though the overall analyst sentiment remains divided. As always, these ratings are based on past data and may not reflect current market conditions.
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