Bank of America Corp DE grew its holdings in shares of Hudson Ltd (NYSE:HUD) by 2,374.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 120,150 shares of the company’s stock after purchasing an additional 115,295 shares during the period. Bank of America Corp DE owned 0.13% of Hudson worth $2,101,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of HUD. Wells Fargo & Company MN purchased a new stake in Hudson during the 1st quarter valued at $800,000. Northern Trust Corp purchased a new stake in Hudson during the 1st quarter valued at $5,326,000. BlackRock Inc. purchased a new stake in Hudson during the 1st quarter valued at $29,890,000. California Public Employees Retirement System purchased a new stake in Hudson during the 1st quarter valued at $159,000. Finally, UBS Group AG purchased a new stake in Hudson during the 1st quarter valued at $176,000. 38.52% of the stock is currently owned by institutional investors.
Several analysts have commented on HUD shares. Zacks Investment Research upgraded Hudson from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, August 7th. Morgan Stanley increased their target price on Hudson from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, August 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Hudson currently has a consensus rating of “Buy” and a consensus target price of $20.00.
HUD stock opened at $20.07 on Friday. The firm has a market capitalization of $1.89 billion and a PE ratio of 45.61. Hudson Ltd has a 1 year low of $14.23 and a 1 year high of $23.22. The company has a current ratio of 1.74, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79.
Hudson (NYSE:HUD) last released its quarterly earnings results on Monday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. The firm had revenue of $526.60 million for the quarter, compared to the consensus estimate of $529.50 million. Hudson had a positive return on equity of 13.19% and a negative net margin of 0.33%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Hudson Ltd will post 0.89 earnings per share for the current fiscal year.
Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.
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