Hudson's Bay (HBC) Set to Announce Quarterly Earnings on Wednesday

Hudson's Bay (TSE:HBC) will be issuing its quarterly earnings data before the market opens on Wednesday, December 6th. Analysts expect the company to announce earnings of C($0.58) per share for the quarter.

Hudson's Bay (TSE:HBC) opened at C$11.75 on Tuesday. Hudson's Bay has a one year low of C$8.08 and a one year high of C$14.91.

Several brokerages have recently issued reports on HBC. BMO Capital Markets reaffirmed an “outperform” rating and set a C$25.00 price target on shares of Hudson's Bay in a research note on Tuesday, November 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$9.00 price target on shares of Hudson's Bay in a research note on Wednesday, August 30th. Canaccord Genuity cut their price target on Hudson's Bay from C$11.00 to C$9.00 and set a “hold” rating on the stock in a research note on Thursday, September 7th. National Bank Financial upped their price target on Hudson's Bay from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, September 7th. Finally, CIBC upped their price target on Hudson's Bay from C$10.50 to C$12.50 in a research note on Thursday, September 7th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Hudson's Bay has a consensus rating of “Hold” and a consensus price target of C$14.61.

In other Hudson's Bay news, insider Donald William Watros sold 71,200 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of C$10.60, for a total value of C$754,720.00.

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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.

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