Hudson's Bay Co (TSE:HBC) shares traded up 1.7% during trading on Friday . The company traded as high as C$10.89 and last traded at C$10.79. 239,972 shares changed hands during trading, a decline of 60% from the average session volume of 596,729 shares. The stock had previously closed at C$10.61.

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Hudson's Bay from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a report on Friday, September 8th. Scotiabank increased their price objective on Hudson's Bay from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. National Bank Financial increased their price objective on Hudson's Bay from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. Canaccord Genuity lowered their price objective on Hudson's Bay from C$11.00 to C$9.00 and set a “hold” rating on the stock in a report on Thursday, September 7th. Finally, CIBC increased their price objective on Hudson's Bay from C$10.50 to C$12.50 in a report on Thursday, September 7th. Nine equities research analysts have rated the stock with a hold rating, Hudson's Bay currently has an average rating of “Hold” and an average target price of C$11.72.

The company has a market capitalization of $1,970.00, a price-to-earnings ratio of -2.41 and a beta of 1.21.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, December 28th. Hudson's Bay’s dividend payout ratio (DPR) is currently -2.79%.

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Hudson's Bay Company Profile

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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