Hudson’s Bay (TSE:HBC) had its target price decreased by National Bank Financial from C$12.00 to C$11.00 in a report published on Wednesday, March 14th. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Hudson’s Bay’s FY2018 earnings at ($2.49) EPS and FY2019 earnings at ($1.28) EPS.
HBC has been the subject of a number of other research reports. Cowen cut their price target on shares of Hudson’s Bay from C$14.00 to C$12.00 in a research note on Thursday, December 7th. CIBC cut their price target 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 cut their price target 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. BMO Capital Markets cut shares of Hudson’s Bay from an outperform rating to a market perform rating and set a C$11.00 price target for the company. in a research note on Friday, December 8th. Finally, 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 research note on Thursday, December 7th. Nine investment analysts have rated the stock with a hold rating, Hudson’s Bay has an average rating of Hold and a consensus price target of C$10.67.
HBC traded up C$0.15 during midday trading on Wednesday, reaching C$8.90. 123,386 shares of the company’s stock were exchanged, compared to its average volume of 323,154. Hudson’s Bay has a one year low of C$8.02 and a one year high of C$13.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be paid a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 28th.
In related news, insider L&T B. (Cayman) Inc. sold 67,844 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of C$11.72, for a total value of C$795,131.68. Also, Director Robert C. Baker sold 13,400 shares of the firm’s 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. Insiders sold 672,544 shares of company stock valued at $7,550,502 in the last quarter.
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About Hudson’s Bay
Hudson's Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offer fashion apparel, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF 5TH, Find @ Lord & Taylor, Gilt, Home Outfitters, GALERIA Kaufhof, Galeria Inno, and Sportarena banners.
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