Kathmandu shares rise to all-time high as analysts upgrade estimates after record annual profit

Kathmandu shares rise to all-time high as analysts upgrade estimates after record annual profit
By Tina Morrison Sept. 25 (BusinessDesk) – Kathmandu Holdings rose to an all-time high as analysts upgraded estimates following the outdoor equipment and clothing retailer record full-year earnings and bullish outlook statement. Shares in Kathmandu touched a record $3.40, and were recently up 5.4 percent to $3.35, taking their gain so far this year to 60 percent. The shares gained 12 percent yesterday after the company reported profit rose 27 percent to $44.2 million in the 12 months ended July 31. Brokerage Forsyth Barr expects Kathmandu’s...