Hudson's Bay Co (HBC) Given Consensus Recommendation of “Hold” by Analysts
Hudson's Bay Co (TSE:HBC) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$14.22.
HBC has been the topic of several recent research reports. Royal Bank Of Canada decreased their price objective on Hudson's Bay Co from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research note on Friday. National Bank Financial decreased their price objective on Hudson's Bay Co from C$12.00 to C$10.00 in a research note on Monday, June 12th. Scotiabank raised their price objective on Hudson's Bay Co from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday. TD Securities raised their price objective on Hudson's Bay Co from C$10.00 to C$12.50 and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Canaccord Genuity decreased their price objective on Hudson's Bay Co from C$12.00 to C$11.00 and set a “hold” rating on the stock in a research note on Tuesday, June 6th.
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Hudson's Bay Co (TSE HBC) traded down 2.69% on Friday, reaching $12.66. The company’s stock had a trading volume of 558,685 shares. 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 has a 50-day moving average of $11.09 and a 200-day moving average of $10.99.
Hudson's Bay Co (TSE:HBC) last posted its quarterly earnings data on Thursday, June 8th. The company reported ($1.19) EPS for the quarter, missing the consensus estimate 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. On average, analysts predict that Hudson's Bay Co will post ($2.04) EPS for the current fiscal year.
In related news, insider Marc Jeffrey Metrick sold 5,000 shares of Hudson's Bay Co stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of C$11.12, for a total transaction of C$55,600.00. Insiders have sold a total of 11,101 shares of company stock worth $124,467 in the last three months.
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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