Analysts Set Hudson's Bay Co (HBC) Target Price at $11.72

Shares of Hudson's Bay Co (TSE:HBC) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have covered the stock in the last year is C$11.72.

Several brokerages recently issued reports on HBC. Canaccord Genuity cut their price target on shares of Hudson's Bay from C$12.00 to C$11.00 and set a “hold” rating for the company in a report on Thursday, December 7th. National Bank Financial lowered their price objective on shares of Hudson's Bay from C$14.00 to C$12.00 and set a “sector perform” rating for the company in a research report on Thursday, December 7th. CIBC lowered their price objective on shares of Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday, December 7th. TD Securities raised their price objective on shares of Hudson's Bay from C$12.50 to C$13.50 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Cowen lowered their price objective on shares of Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday, December 7th.

In other news, Director Robert C. Baker sold 13,400 shares of Hudson's Bay stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of C$11.30, for a total transaction of C$151,420.00. Also, insider L&T B. (Cayman) Inc. sold 400,000 shares of Hudson's Bay stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of C$11.01, for a total transaction of C$4,404,000.00. Insiders sold a total of 672,544 shares of company stock valued at $7,550,502 in the last 90 days.

Shares of Hudson's Bay (TSE HBC) traded down C$0.24 during mid-day trading on Tuesday, reaching C$9.72. 502,300 shares of the company traded hands, compared to its average volume of 454,935. Hudson's Bay has a 12-month low of C$8.08 and a 12-month high of C$13.43. The company has a market cap of $1,820.00, a P/E ratio of -2.17 and a beta of 1.14.

Hudson's Bay (TSE:HBC) last announced its quarterly earnings results on Wednesday, December 6th. The company reported C($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.69) by C($0.42). Hudson's Bay had a negative net margin of 7.69% and a negative return on equity of 53.94%. The firm had revenue of C$3.16 billion for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a $0.013 dividend. This represents a $0.05 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, December 28th. Hudson's Bay’s payout ratio is presently -2.79%.

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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.

Analyst Recommendations for Hudson's Bay (TSE:HBC)

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