Hudson's Bay Co (TSE:HBC) Given Consensus Rating of “Hold” by Brokerages
Hudson's Bay Co (TSE:HBC) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$13.78.
HBC has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$31.00 target price on shares of Hudson's Bay Co in a research report on Tuesday, May 23rd. Scotiabank reaffirmed a “sector perform” rating and issued a C$14.50 target price on shares of Hudson's Bay Co in a research report on Friday, March 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Hudson's Bay Co in a research report on Wednesday, May 10th. Credit Suisse Group lowered Hudson's Bay Co from an “outperform” rating to a “neutral” rating in a research report on Friday, April 21st. Finally, CSFB lowered Hudson's Bay Co from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$23.00 to C$12.00 in a research report on Friday, April 21st.
WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/21/hudsons-bay-co-tsehbc-given-consensus-rating-of-hold-by-brokerages.html.
In other news, insider Marc Jeffrey Metrick sold 5,000 shares of the business’s stock in a transaction that occurred on 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 (TSE:HBC) traded down 1.08% during mid-day trading on Friday, hitting $11.00. 359,228 shares of the company were exchanged. Hudson's Bay Co has a 12 month low of $8.08 and a 12 month high of $18.60. The stock’s market cap is $2.00 billion. The firm has a 50 day moving average price of $10.51 and a 200 day moving average price of $10.93.
Hudson's Bay Co (TSE:HBC) last released its quarterly earnings results on Thursday, June 8th. The company reported ($1.19) EPS for the quarter, missing the consensus estimate of ($0.70) by $0.49. Hudson's Bay Co had a negative return on equity of 37.88% and a negative net margin of 6.90%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Analysts anticipate that Hudson's Bay Co will post ($1.93) EPS for the current fiscal year.
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.
Receive News & Ratings for Hudson's Bay Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson's Bay Co and related companies with MarketBeat.com's FREE daily email newsletter.