Hudson's Bay Co (HBC) Receives Average Rating of “Hold” from Brokerages
Shares of Hudson's Bay Co (TSE:HBC) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$13.78.
Several brokerages recently issued reports on HBC. Scotiabank lowered their price target on Hudson's Bay Co from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 13th. Credit Suisse Group AG downgraded Hudson's Bay Co from an “outperform” rating to a “neutral” rating in a report on Friday, April 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$13.00 price objective on shares of Hudson's Bay Co in a report on Monday, June 5th. CSFB downgraded Hudson's Bay Co from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$23.00 to C$12.00 in a report on Friday, April 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$28.00 price objective on shares of Hudson's Bay Co in a report on Monday, June 12th.
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In other Hudson's Bay Co news, insider Marc Jeffrey Metrick sold 5,000 shares of Hudson's Bay Co 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 transaction of C$56,250.00. Insiders have sold 11,101 shares of company stock worth $124,467 over the last ninety days.
Hudson's Bay Co (HBC) traded down 3.04% on Tuesday, reaching $10.22. The company’s stock had a trading volume of 431,996 shares. The stock’s 50 day moving average is $11.10 and its 200-day moving average is $10.97. The firm’s market capitalization is $1.86 billion. Hudson's Bay Co has a 52 week low of $8.08 and a 52 week high of $18.60.
Hudson's Bay Co (TSE:HBC) last issued its quarterly earnings results on Thursday, June 8th. The company reported ($1.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. Analysts predict that Hudson's Bay Co will post ($1.93) EPS for the current year.
Hudson's Bay Co Company Profile
Hudson's Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offer fashion apparel, accessories, cosmetics, and home products. The company operates its stores under the Hudsons Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF 5TH, Find @ Lord & Taylor, Gilt, Home Outfitters, GALERIA Kaufhof, Galeria Inno, and Sportarena banners.
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