Shares of Hudson's Bay Co (TSE:HBC) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$11.72.
Several brokerages have weighed in on HBC. CIBC lifted their price objective on shares of Hudson's Bay from C$12.50 to C$14.00 in a research note on Wednesday, October 25th. TD Securities lifted their price objective on shares of Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. National Bank Financial lifted their price objective on shares of Hudson's Bay from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Royal Bank of Canada lifted their price objective on shares of Hudson's Bay from C$10.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$25.00 price objective on shares of Hudson's Bay in a research note on Tuesday, November 14th.
Shares of Hudson's Bay (TSE:HBC) traded up C$0.04 during mid-day trading on Friday, hitting C$11.61. 365,976 shares of the company traded hands, compared to its average volume of 388,723. The company has a market cap of $2,120.00, a P/E ratio of -2.59 and a beta of 1.21. Hudson's Bay has a 1-year low of C$8.08 and a 1-year high of C$13.43.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, December 28th. Hudson's Bay’s dividend payout ratio (DPR) is presently -2.79%.
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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.
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