FY2018 EPS Estimates for Hudson's Bay Co (HBC) Decreased by Analyst
Hudson's Bay Co (TSE:HBC) – Equities research analysts at National Bank Financial lowered their FY2018 earnings per share estimates for Hudson's Bay in a research note issued to investors on Wednesday. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of ($2.17) per share for the year, down from their previous estimate of ($1.75). National Bank Financial currently has a “Sector Perform” rating and a $12.00 target price on the stock. National Bank Financial also issued estimates for Hudson's Bay’s FY2019 earnings at ($0.60) EPS.
A number of other analysts have also recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a C$25.00 price target on shares of Hudson's Bay in a research report on Tuesday, November 14th. Royal Bank Of Canada reduced their price target on Hudson's Bay from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a research report on Friday, September 8th. CIBC upped their price target on Hudson's Bay from C$12.50 to C$14.00 in a research report on Wednesday, October 25th. Scotiabank upped their price target on Hudson's Bay from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 7th. Finally, TD Securities upped their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Nine equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of C$11.72.
In other Hudson's Bay news, insider Donald William Watros sold 71,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of C$10.60, for a total transaction of C$754,720.00.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, December 28th. Hudson's Bay’s dividend payout ratio is currently -3.63%.
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Hudson's Bay 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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