KB Home Stock Hits 52-Week Lows After Earnings

Homebuilder KB Home (NYSE:KBH) reported worse-than-expected fiscal first-quarter earnings and revenue after the close yesterday, slashing its fiscal 2025 revenue outlook as well. In response, no fewer than five analysts lowered their price targets, including Barclays to $56 from$60. At last glance, KBH was down 5.6% to trade at $58.32. The equity is on track for its worst single-day percentage loss since January as it trades at 52-week lows. Shares shed 33.4% in the last six months, and have struggled with ...