Hudson's Bay (TSE:HBC) had its target price decreased by National Bank Financial from C$14.00 to C$12.00 in a research report sent to investors on Thursday. National Bank Financial currently has a sector perform rating on the stock.

Other research analysts have also recently issued reports about the company. CIBC lifted their price objective on Hudson's Bay from C$10.50 to C$12.50 in a report on Thursday, September 7th. Canaccord Genuity cut their price objective on Hudson's Bay from C$11.00 to C$9.00 and set a hold rating for the company in a report on Thursday, September 7th. TD Securities lifted their price objective on Hudson's Bay from C$12.50 to C$13.50 and gave the company a hold rating in a report on Wednesday, October 25th. BMO Capital Markets reissued an outperform rating and set a C$25.00 price objective on shares of Hudson's Bay in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada lifted their price objective on Hudson's Bay from C$10.00 to C$12.00 and gave the company a sector perform rating in a report on Tuesday, October 31st. Nine research analysts have rated the stock with a hold rating, Hudson's Bay presently has a consensus rating of Hold and a consensus price target of C$11.72.

Hudson's Bay (HBC) opened at C$10.02 on Thursday. Hudson's Bay has a twelve month low of C$8.08 and a twelve month high of C$13.87.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.013 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.52%. Hudson's Bay’s dividend payout ratio (DPR) is presently -3.63%.

In other news, insider Donald William Watros sold 100,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of C$10.08, for a total value of C$1,008,000.00.

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About Hudson's Bay

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 (TSE:HBC)

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