Hudson's Bay Co (HBC) Price Target Raised to C$13.00
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.
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