Hudson (HUD) Trading Down 7.5%

Hudson Ltd (NYSE:HUD) shares dropped 7.5% during trading on Friday . The company traded as low as $16.76 and last traded at $17.42. Approximately 955,016 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 426,837 shares. The stock had previously closed at $18.83.

Separately, Zacks Investment Research upgraded Hudson from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Thursday, November 8th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.00.

The firm has a market cap of $1.77 billion and a P/E ratio of 39.59. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.74 and a quick ratio of 1.11.

Hudson (NYSE:HUD) last released its quarterly earnings data on Monday, November 5th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. Hudson had a positive return on equity of 13.19% and a negative net margin of 0.33%. The business had revenue of $526.60 million for the quarter, compared to the consensus estimate of $529.50 million. The business’s revenue was up 6.0% on a year-over-year basis. Analysts expect that Hudson Ltd will post 0.89 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG acquired a new stake in shares of Hudson in the 1st quarter valued at about $176,000. Millennium Management LLC acquired a new stake in shares of Hudson in the 1st quarter valued at about $456,000. State of New Jersey Common Pension Fund D boosted its position in shares of Hudson by 20.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the company’s stock valued at $1,049,000 after purchasing an additional 10,000 shares during the period. Jennison Associates LLC boosted its position in shares of Hudson by 2.8% in the 2nd quarter. Jennison Associates LLC now owns 1,162,708 shares of the company’s stock valued at $20,336,000 after purchasing an additional 31,847 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Hudson by 310.0% in the 2nd quarter. Sei Investments Co. now owns 17,368 shares of the company’s stock valued at $304,000 after purchasing an additional 13,132 shares during the period. Institutional investors and hedge funds own 39.74% of the company’s stock.

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Hudson Company Profile (NYSE:HUD)

Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.

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