Hudson's Bay Co (TSE:HBC) had its price target lowered by Canaccord Genuity from C$11.00 to C$9.00 in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the stock.
Several other equities analysts have also recently commented on the company. BMO Capital Markets restated an outperform rating and set a C$31.00 target price on shares of Hudson's Bay Co in a research report on Tuesday, May 23rd. TD Securities boosted their target price on Hudson's Bay Co from C$10.00 to C$12.50 and gave the stock a hold rating in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) restated a neutral rating on shares of Hudson's Bay Co in a research report on Wednesday, May 10th. National Bank Financial reduced their target price on Hudson's Bay Co from C$12.00 to C$10.00 in a research report on Monday, June 12th. Finally, Scotiabank reduced their target price on Hudson's Bay Co from C$13.00 to C$12.00 and set a sector perform rating for the company in a research report on Tuesday, June 13th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of C$14.22.
Shares of Hudson's Bay Co (TSE:HBC) opened at 12.66 on Thursday. 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 has a 12-month low of $8.08 and a 12-month high of $17.67. The firm’s market capitalization is $2.31 billion.
Hudson's Bay Co (TSE:HBC) last released its quarterly earnings data on Thursday, June 8th. The company reported ($1.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by $0.49. Hudson's Bay Co had a negative net margin of 6.90% and a negative return on equity of 37.88%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. Equities research analysts expect that Hudson's Bay Co will post ($2.04) earnings per share for the current year.
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In other news, insider Marc Jeffrey Metrick sold 5,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of C$11.25, for a total value of C$56,250.00. Insiders sold a total of 11,101 shares of company stock valued at $124,467 over the last quarter.
Hudson's Bay Co 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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