Hudson's Bay Co (TSE:HBC) had its price target upped by Scotiabank from C$12.00 to C$13.00 in a report published on Thursday. The firm currently has a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on HBC. Canaccord Genuity decreased their price objective on Hudson's Bay Co from C$11.00 to C$9.00 and set a hold rating for the company in a report on Thursday. CIBC raised their price objective on Hudson's Bay Co from C$10.50 to C$12.50 in a report on Thursday. Royal Bank Of Canada restated a sector perform rating and issued a C$9.00 price objective on shares of Hudson's Bay Co in a report on Wednesday, August 30th. National Bank Financial raised their price objective on Hudson's Bay Co from C$10.00 to C$13.00 and gave the company a sector perform rating in a report on Thursday. Finally, TD Securities decreased their price objective on Hudson's Bay Co from C$12.00 to C$10.00 and set a hold rating for the company in a report on Friday, June 9th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$14.22.

Shares of Hudson's Bay Co (TSE:HBC) opened at 12.66 on Thursday. Hudson's Bay Co has a 1-year low of $8.08 and a 1-year high of $17.67. The company’s market cap is $2.31 billion. The stock’s 50 day moving average price is $11.09 and its 200 day moving average price is $10.99.

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 Thomson Reuters’ consensus estimate of ($0.70) by $0.49. The company 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 net margin of 6.90% and a negative return on equity of 37.88%. Equities research analysts forecast that Hudson's Bay Co will post ($2.04) earnings per share for the current year.

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In related news, insider Marc Jeffrey Metrick sold 5,000 shares of Hudson's Bay Co 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. Insiders have sold 11,101 shares of company stock valued at $124,467 in the last quarter.

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.

Analyst Recommendations for Hudson's Bay Co (TSE:HBC)

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