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.
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