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