Hudson's Bay Co (TSE:HBC) had its price target decreased by stock analysts at Canaccord Genuity from C$11.00 to C$9.00 in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price target would suggest a potential downside of 30.82% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. CIBC lifted their price target on Hudson's Bay Co from C$10.50 to C$12.50 in a research note on Thursday. Scotiabank cut their price target 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 restated a “sector perform” rating and issued a C$13.00 price target on shares of Hudson's Bay Co in a research note on Monday, June 5th. BMO Capital Markets restated an “outperform” rating and issued a C$28.00 price target on shares of Hudson's Bay Co in a research note on Monday, June 12th. Finally, TD Securities cut their price target 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 assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$14.22.

Shares of Hudson's Bay Co (TSE HBC) traded down 2.15% during mid-day trading on Thursday, reaching $12.73. The company’s stock had a trading volume of 170,598 shares. The firm’s market cap is $2.32 billion. The firm’s 50-day moving average price is $11.04 and its 200 day moving average price is $10.98. 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 announced its quarterly earnings results on Thursday, June 8th. The company reported ($1.19) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. On average, analysts expect that Hudson's Bay Co will post ($2.04) EPS for the current year.

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In other Hudson's Bay Co 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 transaction of C$56,250.00. Over the last quarter, insiders have 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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