|Bid||39.26 x 3100|
|Ask||40.75 x 2200|
|Day's Range||39.54 - 40.00|
|52 Week Range||30.56 - 41.90|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.34|
|Expense Ratio (net)||0.35%|
Housing Sales Data Look Promising—Can Homebuilders Benefit?(Continued from Prior Part)Homebuilders’ reactions to housing starts reportGiven the significant setbacks in housing data over the last few months, homebuilders’ confidence has taken a
KB Home (KBH) was upgraded to 'outperform' from 'sector perform' at RBC Capital Markets and the firm increased its price target on the homebuilder by $5 to $30. As a result, KB Home shares rose 2.5% to $27.47 in trading Thursday. KBH is just one of the stocks that may signal a trend in improving homebuilder stocks.
How to Make Sense of Economic Indicators and Invest Accordingly(Continued from Prior Part)Building permitsWhen real estate developers or REITs like AvalonBay (AVB) are confident about the economy, they build more in anticipation of future demand
Investing.com - Homebuilder D.R. Horton fell sharply on Thursday after its better-than-expected quarterly results were offset by pessimistic outlook on revenues.
Shares of D.R. Horton Inc. dropped 5.1% in premarket trade Thursday, after the home builder reported fiscal second-quarter earnings and revenue that beat expectations, but provided downbeat full-year guidance. Net income for the quarter to March 31 edged up to $351.3 million, or 93 cents a share, from $351.0 million, or 91 cents a share, in the same period a year ago. The FactSet EPS consensus was 86 cents. Revenue rose to $4.13 billion from $3.79 billion, topping the FactSet consensus of $4.01 billion. Net sales orders rose 6% to 16,805 homes and grew 4% in value to $4.9 billion, compared with expectations of 16,732 homes and value of $5.0 billion. The company said it expects fiscal 2019 revenue of $16.7 billion to $17.0 billion, below the FactSet consensus $17.2 billion, and homes closed of 55,000 homes to 56,000 homes, surrounding expectations of about 55,800. The stock has soared 35% year to date through Wednesday, while the SPDR S&P Homebuilders ETF has climbed 26% and the S&P 500 has gained 17%.
Few industries have staged a more remarkable turnaround during the past six months than home builders, and with the promise of low interest rates, a healthy consumer and data showing new home sales surging, it looks like blue skies ahead for the home construction industry. The central question for investors in these stocks, experts say, is whether home builders can cater to the pent-up demand for affordable, entry-level homes as the millennial generation enters its prime home-buying years. “Affordability of housing is the key factor,” Pat Tschosik, senior sector strategist at Ned Davis Research, told MarketWatch.
Equipment manufacturer Caterpillar reported better-than-expected first-quarter earnings on Wednesday, which could inspire homebuilder exchange-traded funds (ETFs) in what’s been a challenging environment ...
Existing home sales for March declined and missed market expectations. The D. R. Horton stock was also downgraded. It is better to stay away from housing ETFs.
Bed Bath & Beyond Refreshes Its Board, Co-Founders Step DownBig announcement On April 22, Bed Bath & Beyond (BBBY) announced that it’s refreshing its board. The company is replacing its five independent directors with new directors. Bed
The numbers: The National Association of Home Builders’ monthly confidence index rose one point to 63 in April, the trade group said Tuesday. What happened: The gauge of current sales conditions rose one point to 69, but the one that tracks expectations for the coming six months fell one point to 71.
It could be good vibrations ahead for homebuilder-focused exchange-traded funds (ETFs) after the National Association of Home Builders/Wells Fargo Housing Market Index rose a point during the month of ...
How Did Bed Bath & Beyond Fare in the Fourth Quarter?Fourth-quarter performance Bed Bath & Beyond (BBBY) posted fourth-quarter earnings after the market closed on April 10. The company posted adjusted EPS of $1.20 on revenues of $3.31
Home Depot Stock Up ~7.3% Since Last Earnings: More Upside Ahead?Stock performanceAs of April 5, Home Depot (HD) was trading at $202.06, a rise of 7.3% since its fourth-quarter earnings announcement on February 26. Also, the company was trading at a
Is There More Upside to Lowe’s Stock Price?Stock performance On March 28, Lowe’s (LOW) was trading at $108.35, a rise of 16.3% since the beginning of the year. The company has outperformed Home Depot (HD), which has risen 10.6% YTD
Could Williams-Sonoma Stock Continue to Rise?Stock performanceYesterday, Williams-Sonoma (WSM) was trading at $57.18, 27.0% higher than its 52-week low of $45.01 and 22.7% lower than its 52-week high of $73.99. The stock has risen 13.3% this
The 10-year benchmark Treasury yield fell on Wednesday, causing homebuilder exchange-traded funds (ETFs) to gain strength, such as the iShares US Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB) . The 10-year note hit its lowest level since late 2017, causing fears of a global economic slowdown that caused the Dow Jones Industrial Average to fall as much as 200 points. Investors are honing in on the higher 3-month yield relative to the lower 10-year yield--a condition that causes an inverted yield curve--a possible signal of a forthcoming recession.
Shares of Lennar Corp. rallied 4.1% toward a six-month high in active afternoon trade Wednesday, as lower longer-term interest rates resulting from a weaker economic outlook and softer home prices combined to spark optimism ahead of the spring selling season. The stock initially fell as much as 1.9% in premarket trade after Lennar reported first-quarter earnings, revenue and deliveries that missed expectations, but the stock started rallying off the lows as investors appeared to focus more on new orders that rose more expected and average sales prices that fell, versus expectations of an increase. Executive Chairman Stuart Miller said on the post-earnings conference call that the housing market had slowed in the fourth-quarter because of rapid interest rate increases and higher home prices, made homes less affordable. But in the first quarter, as interest rates moderated and home-price appreciation stalled, "we clearly saw traffic and sales accelerate" through the quarter. "Accordingly, sequentially throughout the first quarter, we saw increased interest in new homes as part of an improving and stabilizing housing market," Miller said in a statement. CFRA analyst Kenneth Leon reiterated his hold rating, but raised his stock price target to $53 from $45. The stock has now run up 32.2% year to date, while the SPDR S&P Homebuilders ETF has climbed 18.5% and the S&P 500 has gained 11.8%.
As the Fed's independence is questioned, what is the impact? Sri Kumar, Sri Kumar Global Strategies, and Art Hogan, National Securities, discuss.
'Million Dollar Listing LA' star David Parnes discusses the housing market and the outlook on house flipping with Yahoo Finance's Zack Guzman and Kristin Myers, along with Glenn Hall, Dow Jones Newswire Global Chief editor.
The author of 'Rich Dad Poor Dad' Robert Kiyosaki joins Yahoo Finance's Scott Gamm to discuss how to manage your money and his new book ‘Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer’.