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.

Shares of Hudson's Bay (TSE:HBC) opened at C$10.02 on Monday. Hudson's Bay has a 1 year low of C$8.08 and a 1 year high of C$13.87.

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.

Earnings History and Estimates for Hudson's Bay (TSE:HBC)

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