Hudson's Bay Co (TSE:HBC) had its price objective increased by CIBC from C$10.50 to C$12.50 in a report released on Thursday. CIBC’s price objective would suggest a potential upside of 2.54% from the stock’s current price.

Other research analysts have also issued reports about the company. Scotiabank dropped their price objective 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 note on Tuesday, June 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$13.00 price objective on shares of Hudson's Bay Co in a research note on Monday, June 5th. BMO Capital Markets reiterated an “outperform” rating and set a C$28.00 price objective on shares of Hudson's Bay Co in a research note on Monday, June 12th. Canaccord Genuity dropped their price objective on Hudson's Bay Co from C$12.00 to C$11.00 and set a “hold” rating for the company in a research note on Tuesday, June 6th. Finally, TD Securities dropped their price objective on Hudson's Bay Co from C$12.00 to C$10.00 and set a “hold” rating for the company in a research note on Friday, June 9th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Hudson's Bay Co presently has a consensus rating of “Hold” and an average target price of C$14.44.

Shares of Hudson's Bay Co (TSE HBC) traded up 3.45% during mid-day trading on Thursday, hitting $12.61. 1,100,311 shares of the company were exchanged. The stock’s market cap is $2.30 billion. The stock’s 50-day moving average price is $10.98 and its 200 day moving average price is $10.97. Hudson's Bay Co has a 12-month low of $8.08 and a 12-month high of $17.67.

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 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. On average, equities analysts anticipate that Hudson's Bay Co will post ($1.93) EPS for the current fiscal year.

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In other news, insider Marc Jeffrey Metrick sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of C$11.12, for a total value of C$55,600.00. Over the last 90 days, insiders sold 11,101 shares of company stock valued at $124,467.

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.

Analyst Recommendations for Hudson's Bay Co (TSE:HBC)

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