Hudson's Bay Co (HBC) Receives Average Recommendation of “Hold” from Analysts
Shares of Hudson's Bay Co (TSE:HBC) have been given an average recommendation of “Hold” by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$13.78.
Several equities research analysts have recently commented on the stock. TD Securities lifted their price target on shares of Hudson's Bay Co from C$10.00 to C$12.50 and gave the stock a “hold” rating in a research report on Friday, July 21st. Scotiabank lowered their price target on shares of Hudson's Bay Co from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 13th. BMO Capital Markets reiterated an “outperform” rating and set a C$28.00 price target on shares of Hudson's Bay Co in a research report on Monday, June 12th. National Bank Financial lowered their price target on shares of Hudson's Bay Co from C$12.00 to C$10.00 in a research report on Monday, June 12th. Finally, CIBC reduced their price objective on shares of Hudson's Bay Co from C$13.00 to C$10.50 in a research note on Monday, June 12th.
In related news, insider Marc Jeffrey Metrick sold 5,000 shares of Hudson's Bay Co stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of C$11.25, for a total transaction of C$56,250.00. Insiders have sold a total of 11,101 shares of company stock worth $124,467 in the last three months.
Shares of Hudson's Bay Co (HBC) traded up 1.40% during mid-day trading on Tuesday, hitting $10.15. 172,207 shares of the stock were exchanged. The firm’s market cap is $1.85 billion. The company’s 50-day moving average is $10.91 and its 200-day moving average is $10.96. Hudson's Bay Co has a 1-year low of $8.08 and a 1-year high of $18.60.
Hudson's Bay Co (TSE:HBC) last issued its quarterly earnings results on Thursday, June 8th. The company reported ($1.19) EPS for the quarter, missing the consensus estimate of ($0.70) by $0.49. Hudson's Bay Co had a negative return on equity of 37.88% and a negative net margin of 6.90%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Equities research analysts anticipate that Hudson's Bay Co will post ($1.93) earnings per share for the current fiscal year.
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About Hudson's Bay Co
Hudson's Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offer fashion apparel, accessories, cosmetics, and home products. The company operates its stores under the Hudsons Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF 5TH, Find @ Lord & Taylor, Gilt, Home Outfitters, GALERIA Kaufhof, Galeria Inno, and Sportarena banners.
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