Marc Jeffrey Metrick Sells 5,000 Shares of Hudson's Bay Co (TSE:HBC) Stock
Hudson's Bay Co (TSE:HBC) insider Marc Jeffrey Metrick sold 5,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of C$11.25, for a total transaction of C$56,250.00.
Marc Jeffrey Metrick also recently made the following trade(s):
- On Thursday, June 22nd, Marc Jeffrey Metrick sold 5,000 shares of Hudson's Bay Co stock. The stock was sold at an average price of C$11.12, for a total transaction of C$55,600.00.
Shares of Hudson's Bay Co (TSE HBC) traded down 1.18% during mid-day trading on Friday, hitting $10.93. 192,006 shares of the stock were exchanged. The stock’s market capitalization is $1.99 billion. Hudson's Bay Co has a 52 week low of $8.08 and a 52 week high of $18.60. The stock’s 50-day moving average is $10.12 and its 200-day moving average is $11.14.
Hudson's Bay Co (TSE:HBC) last announced its quarterly earnings data on Thursday, June 8th. The company reported ($1.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.70) by $0.49. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. Hudson's Bay Co had a negative return on equity of 37.88% and a negative net margin of 6.90%. Analysts forecast that Hudson's Bay Co will post ($1.93) earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on the stock. Credit Suisse Group lowered shares of Hudson's Bay Co from an “outperform” rating to a “neutral” rating in a research note on Friday, April 21st. CSFB lowered shares of Hudson's Bay Co from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$23.00 to C$12.00 in a research note on Friday, April 21st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Hudson's Bay Co in a research note on Wednesday, May 10th. BMO Capital Markets lowered their price objective on shares of Hudson's Bay Co from C$35.00 to C$31.00 in a research note on Monday, April 10th. Finally, National Bank Financial decreased their price target on shares of Hudson's Bay Co from C$15.00 to C$12.00 in a research note on Thursday, April 6th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$13.50.
About Hudson's Bay Co
Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.
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