Hudson’s Bay (HBC) PT Lowered to C$12.00 at National Bank Financial

Hudson’s Bay (TSE:HBC) had its target price cut by equities research analysts at National Bank Financial from C$13.00 to C$12.00 in a report released on Thursday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 28.07% from the company’s previous close.

HBC has been the subject of a number of other reports. TD Securities decreased their price objective on Hudson’s Bay from C$12.00 to C$10.50 and set a “hold” rating for the company in a report on Thursday, November 22nd. CIBC boosted their price objective on Hudson’s Bay from C$10.00 to C$11.50 in a report on Thursday, September 13th. Finally, Royal Bank of Canada boosted their price objective on Hudson’s Bay from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 12th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of C$11.21.

Shares of Hudson’s Bay stock opened at C$9.37 on Thursday. Hudson’s Bay has a one year low of C$7.27 and a one year high of C$12.10. The company has a debt-to-equity ratio of 218.16, a current ratio of 1.19 and a quick ratio of 0.04.

Hudson’s Bay (TSE:HBC) last issued its quarterly earnings data on Wednesday, September 12th. The company reported C($0.53) EPS for the quarter, topping analysts’ consensus estimates of C($0.74) by C$0.21. The company had revenue of C$2.16 billion for the quarter. On average, equities research analysts anticipate that Hudson’s Bay will post -1.10000012790699 EPS for the current fiscal year.

In other Hudson’s Bay news, insider L&T B. (Cayman) Inc. sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of C$10.67, for a total transaction of C$51,216.00. Also, insider L&T B. (Cayman) Inc. sold 24,200 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of C$9.95, for a total value of C$240,790.00. Insiders have sold a total of 112,598 shares of company stock valued at $1,089,434 over the last three months.

About Hudson’s Bay

Hudson's Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offers fashion apparels, 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.

Featured Story: What is Net Asset Value (NAV)?

Analyst Recommendations for Hudson`s Bay (TSE:HBC)

Receive News & Ratings for Hudson's Bay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson's Bay and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply