Hudson's Bay Co (TSE:HBC) – Equities researchers at National Bank Financial dropped their Q4 2018 EPS estimates for shares of Hudson's Bay Co in a note issued to investors on Monday. National Bank Financial analyst V. Shreedhar now expects that the firm will post earnings of $0.87 per share for the quarter, down from their previous forecast of $1.06. National Bank Financial has a “Sector Perform” rating and a $15.00 price target on the stock.

A number of other research firms have also weighed in on HBC. Scotiabank cut their price objective on Hudson's Bay Co from C$26.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Monday, November 14th. TD Securities lowered their target price on shares of Hudson's Bay Co from C$27.00 to C$26.00 and set a “buy” rating for the company in a research note on Tuesday, December 6th. RBC Capital Markets lowered their target price on shares of Hudson's Bay Co from C$21.00 to C$18.00 in a research note on Wednesday, December 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$18.00 target price (down previously from C$21.00) on shares of Hudson's Bay Co in a research note on Wednesday, December 7th. Finally, Cowen and Company lowered their target price on shares of Hudson's Bay Co from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, December 5th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$14.00.

Earnings History and Estimates for Hudson's Bay Co (TSE:HBC)

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Hudson's Bay Co (TSE:HBC) traded down 7.48% during trading on Wednesday, hitting $9.40. The company’s stock had a trading volume of 2,627,441 shares. The firm’s market cap is $1.71 billion. Hudson's Bay Co has a one year low of $9.26 and a one year high of $19.69. The company has a 50-day moving average of $13.74 and a 200 day moving average of $15.96.

COPYRIGHT VIOLATION WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/01/11/q4-2018-eps-estimates-for-hudsons-bay-co-hbc-decreased-by-analyst.html.

In related news, insider David Schwartz acquired 4,000 shares of the firm’s stock in a transaction on Thursday, December 8th. The stock was bought at an average price of C$10.18 per share, for a total transaction of C$40,720.00.

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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