Hudson's Bay Co (HBC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hudson's Bay Co (TSE:HBC) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$11.72.

Several brokerages have issued reports on HBC. CIBC increased their target price on shares of Hudson's Bay from C$12.50 to C$14.00 in a report on Wednesday, October 25th. TD Securities increased their target price on shares of Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a report on Wednesday, October 25th. National Bank Financial increased their target price on shares of Hudson's Bay from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. Royal Bank of Canada increased their target price on shares of Hudson's Bay from C$10.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$25.00 target price on shares of Hudson's Bay in a report on Tuesday, November 14th.

Hudson's Bay (HBC) traded up C$0.15 during midday trading on Tuesday, hitting C$10.25. 422,258 shares of the stock were exchanged, compared to its average volume of 458,685. The company has a market capitalization of $1,880.00, a PE ratio of -2.29 and a beta of 1.14. Hudson's Bay has a 12-month low of C$8.08 and a 12-month high of C$13.43.

Hudson's Bay (TSE:HBC) last posted its quarterly earnings results on Wednesday, December 6th. The company reported C($1.11) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.69) by C($0.42). Hudson's Bay had a negative return on equity of 53.94% and a negative net margin of 7.69%.

The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 28th. Hudson's Bay’s payout ratio is -2.79%.

In other Hudson's Bay news, insider L&T B. (Cayman) Inc. sold 67,844 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of C$11.72, for a total transaction of C$795,131.68. Also, Director Robert C. Baker sold 13,400 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$11.30, for a total transaction of C$151,420.00. Over the last three months, insiders have sold 672,544 shares of company stock valued at $7,550,502.

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About Hudson's Bay

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 (TSE:HBC)

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