Hudson's Bay Co (HBC) Posts Quarterly Results
Hudson's Bay Co (TSE:HBC) posted its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.23, AnalystRatingsNetwork reports.
Shares of Hudson's Bay Co (TSE:HBC) opened at 17.25 on Wednesday. Hudson's Bay Co has a 1-year low of $15.53 and a 1-year high of $21.20. The stock has a 50-day moving average of $17.42 and a 200-day moving average of $17.7.
A number of analysts have recently weighed in on HBC shares. Analysts at Scotiabank reiterated an “outperform” rating on shares of Hudson's Bay Co in a research note on Thursday, May 8th. They now have a C$21.00 price target on the stock. On the ratings front, analysts at CSFB cut their price target on shares of Hudson's Bay Co from C$19.00 to C$18.00 in a research note on Friday, April 4th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$20.08.
Hudson’s Bay Company is a retailer offering a selection of branded merchandise in Canada and the United States through the Company’s three banners.
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