Hudson's Bay Co (TSE:HBC) had its price target boosted by investment analysts at Scotiabank from C$12.00 to C$13.00 in a research note issued to investors on Thursday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 6.64% from the company’s previous close.

HBC has been the topic of a number of other reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$9.00 price target (down from C$13.00) on shares of Hudson's Bay Co in a research report on Sunday, June 11th. CIBC dropped their price target on Hudson's Bay Co from C$13.00 to C$10.50 in a research report on Monday, June 12th. TD Securities dropped their price target on Hudson's Bay Co from C$12.00 to C$10.00 and set a “hold” rating on the stock in a research report on Friday, June 9th. BMO Capital Markets reissued an “outperform” rating and issued a C$31.00 price target on shares of Hudson's Bay Co in a research report on Tuesday, May 23rd. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Hudson's Bay Co in a research report on Wednesday, May 10th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$14.44.

Shares of Hudson's Bay Co (TSE HBC) traded up 3.45% on Thursday, reaching $12.61. The company’s stock had a trading volume of 1,100,311 shares. The company’s market cap is $2.30 billion. The company’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 issued its quarterly earnings results on Thursday, June 8th. The company reported ($1.19) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.20 billion. Analysts forecast that Hudson's Bay Co will post ($1.93) EPS for the current fiscal year.

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In related news, insider Marc Jeffrey Metrick sold 5,000 shares of the company’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 value of C$56,250.00. Insiders sold a total of 11,101 shares of company stock worth $124,467 over the last ninety days.

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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