Several brokerages have updated their recommendations and price targets on shares of Hudson's Bay Co (TSE: HBC) in the last few weeks:

  • 9/7/2017 – Hudson's Bay Co had its price target raised by analysts at National Bank Financial from C$10.00 to C$13.00. They now have a “sector perform” rating on the stock.
  • 9/7/2017 – Hudson's Bay Co had its price target raised by analysts at Scotiabank from C$12.00 to C$13.00. They now have a “sector perform” rating on the stock.
  • 9/7/2017 – Hudson's Bay Co had its price target raised by analysts at CIBC from C$10.50 to C$12.50.
  • 9/7/2017 – Hudson's Bay Co had its price target lowered by analysts at Canaccord Genuity from C$11.00 to C$9.00. They now have a “hold” rating on the stock.
  • 8/30/2017 – Hudson's Bay Co had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a C$9.00 price target on the stock.
  • 7/21/2017 – Hudson's Bay Co had its price target raised by analysts at TD Securities from C$10.00 to C$12.50. They now have a “hold” rating on the stock.

Hudson's Bay Co (TSE:HBC) traded down 2.69% during midday trading on Friday, reaching $12.66. 221,034 shares of the company’s stock traded hands. The stock’s market cap is $2.31 billion. Hudson's Bay Co has a one year low of $8.08 and a one year high of $17.67. The stock’s 50 day moving average price is $11.04 and its 200-day moving average price is $10.98.

Hudson's Bay Co (TSE:HBC) last announced its earnings results on Thursday, June 8th. The company reported ($1.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by $0.49. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Hudson's Bay Co had a negative return on equity of 37.88% and a negative net margin of 6.90%. Equities analysts predict that Hudson's Bay Co will post ($2.04) earnings per share for the current year.

In other Hudson's Bay Co news, insider Marc Jeffrey Metrick sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of C$11.12, for a total value of C$55,600.00. Insiders sold 11,101 shares of company stock worth $124,467 over the last three months.

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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