Hudson's Bay Co (TSE:HBC) declared a quarterly dividend on Wednesday, December 6th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.013 per share on Monday, January 15th. This represents a $0.05 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, December 28th.
Hudson's Bay (HBC) opened at C$11.61 on Thursday. Hudson's Bay has a one year low of C$8.08 and a one year high of C$13.43. The stock has a market cap of $2,130.00, a PE ratio of -2.59 and a beta of 1.21.
A number of equities analysts have weighed in on the stock. National Bank Financial raised their target price on shares of Hudson's Bay from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. CIBC raised their target price on shares of Hudson's Bay from C$12.50 to C$14.00 in a research note on Wednesday, October 25th. Cowen decreased their target price on shares of Hudson's Bay from C$14.00 to C$12.00 in a research note on Thursday, December 7th. Royal Bank of Canada decreased their target price on shares of Hudson's Bay from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, December 7th. Finally, BMO Capital Markets downgraded shares of Hudson's Bay from an “outperform” rating to a “market perform” rating and set a C$11.00 target price for the company. in a research note on Friday, December 8th. Nine analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of C$11.72.
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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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