Hudson's Bay Co (TSE:HBC) had its price target increased by analysts at National Bank Financial from C$10.00 to C$13.00 in a note issued to investors on Thursday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 6.64% from the company’s current price. National Bank Financial also issued estimates for Hudson's Bay Co’s Q4 2018 earnings at $0.79 EPS.

Other research analysts have also recently issued research reports about the stock. CIBC cut their price objective on shares of Hudson's Bay Co from C$13.00 to C$10.50 in a report on Monday, June 12th. Canaccord Genuity lifted their price objective on shares of Hudson's Bay Co from C$9.00 to C$11.00 and gave the company a “hold” rating in a report on Thursday. TD Securities lifted their price objective on shares of Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Hudson's Bay Co in a research note on Wednesday, May 10th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$31.00 target price on shares of Hudson's Bay Co in a research note on Tuesday, May 23rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Hudson's Bay Co has a consensus rating of “Hold” and an average price target of C$14.44.

Hudson's Bay Co (TSE HBC) traded up 3.45% during midday trading on Thursday, hitting $12.61. The stock had a trading volume of 1,100,311 shares. Hudson's Bay Co has a 52-week low of $8.08 and a 52-week high of $17.67. The firm has a 50-day moving average of $10.98 and a 200 day moving average of $10.97. The firm’s market capitalization is $2.30 billion.

Hudson's Bay Co (TSE:HBC) last released its quarterly earnings data on Thursday, June 8th. The company reported ($1.19) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.20 billion. On average, equities analysts forecast that Hudson's Bay Co will post ($1.93) EPS for the current year.

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In related news, insider Marc Jeffrey Metrick sold 5,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of C$11.25, for a total transaction of C$56,250.00. In the last ninety days, insiders have sold 11,101 shares of company stock valued at $124,467.

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.

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

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