Hudson's Bay Co (TSE:HBC) declared a quarterly dividend on Wednesday, December 6th, Zacks reports. Stockholders 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 dividend yield of 0.44%. The ex-dividend date is Thursday, December 28th.
Hudson's Bay (HBC) traded up C$0.09 during midday trading on Thursday, reaching C$11.73. The company had a trading volume of 357,200 shares, compared to its average volume of 362,171. 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 -2.62 and a beta of 1.21.
Hudson's Bay (TSE:HBC) last released its quarterly earnings data on Wednesday, December 6th. The company reported C($1.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.69) by C($0.42). Hudson's Bay had a negative return on equity of 53.94% and a negative net margin of 7.69%.
Several equities analysts have commented on HBC shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$25.00 price objective on shares of Hudson's Bay in a research report on Tuesday, November 14th. Royal Bank of Canada upped their price objective on Hudson's Bay from C$10.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. National Bank Financial upped their target price on Hudson's Bay from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. CIBC upped their target price on Hudson's Bay from C$12.50 to C$14.00 in a report on Wednesday, October 25th. Finally, Scotiabank lowered their target price on Hudson's Bay from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a report on Thursday, December 7th. Nine analysts have rated the stock with a hold rating, The stock presently has a consensus 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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