Hudson's Bay Co (HBC) Price Target Lowered to C$9.00 at Royal Bank Of Canada

Hudson's Bay Co (TSE:HBC) had its price target dropped by investment analysts at Royal Bank Of Canada from C$10.00 to C$9.00 in a report released on Friday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 28.91% from the stock’s previous close.

A number of other brokerages have also weighed in on HBC. 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 research report on Thursday. Scotiabank raised their price objective on Hudson's Bay Co from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Thursday. CIBC raised their price objective on Hudson's Bay Co from C$10.50 to C$12.50 in a research report on Thursday. Canaccord Genuity cut 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 research report on Thursday. Finally, TD Securities raised their price objective on Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday, July 21st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Hudson's Bay Co has an average rating of “Hold” and a consensus target price of C$14.22.

Hudson's Bay Co (TSE HBC) traded up 0.39% during trading on Friday, reaching $12.71. The company had a trading volume of 76,224 shares. Hudson's Bay Co has a one year low of $8.08 and a one year high of $17.67. The firm’s 50-day moving average price is $11.09 and its 200 day moving average price is $10.98. The firm’s market capitalization is $2.31 billion.

Hudson's Bay Co (TSE:HBC) last issued 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 firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations 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 analysts forecast that Hudson's Bay Co will post ($2.06) earnings per share for the current fiscal year.

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In other Hudson's Bay Co news, insider Marc Jeffrey Metrick sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of C$11.25, for a total value of C$56,250.00. In the last three months, insiders sold 11,101 shares of company stock valued at $124,467.

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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