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%.
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.
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