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.

Analyst Recommendations for Hudson's Bay Co (TSE:HBC)

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