Zacks Investment Research Downgrades Hudson (NYSE:HUD) to Sell

Zacks Investment Research lowered shares of Hudson (NYSE:HUD) from a hold rating to a sell rating in a report issued on Saturday, Zacks.com reports.

According to Zacks, “Hudson Ltd. is a travel retailers primarily in North America. The Company is anchored by its iconic Hudson, Hudson News and Hudson Bookseller brands and operates duty-paid and duty-free stores primarily in airports, commuter terminals, hotels and tourist destinations. Hudson Ltd. is based in EAST RUTHERFORD, N.J. “

Several other equities research analysts have also recently issued reports on HUD. Morgan Stanley set a $16.00 price target on shares of Hudson and gave the stock a hold rating in a research note on Wednesday. Credit Suisse Group raised shares of Hudson from a neutral rating to an outperform rating and raised their price target for the stock from $17.00 to $19.00 in a research note on Wednesday, May 1st.

Shares of Hudson stock traded down $0.26 during mid-day trading on Friday, hitting $12.14. 120,203 shares of the stock were exchanged, compared to its average volume of 156,176. Hudson has a twelve month low of $12.05 and a twelve month high of $23.22. The company has a market cap of $1.15 billion, a PE ratio of 14.63 and a beta of 0.75. The stock has a 50-day moving average of $13.68. The company has a quick ratio of 0.63, a current ratio of 1.11 and a debt-to-equity ratio of 2.11.

Hudson (NYSE:HUD) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). Hudson had a return on equity of 10.81% and a net margin of 1.19%. The firm had revenue of $509.90 million for the quarter, compared to analyst estimates of $519.06 million. During the same period in the prior year, the business earned $0.28 earnings per share. Hudson’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that Hudson will post 0.61 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in HUD. TimesSquare Capital Management LLC lifted its holdings in shares of Hudson by 45.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 2,810,700 shares of the company’s stock worth $38,647,000 after acquiring an additional 880,880 shares during the period. American Century Companies Inc. purchased a new position in shares of Hudson during the 4th quarter worth about $4,747,000. Clearbridge Investments LLC lifted its holdings in shares of Hudson by 6.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,681,545 shares of the company’s stock worth $50,621,000 after acquiring an additional 218,699 shares during the period. Legal & General Group Plc lifted its holdings in shares of Hudson by 797.9% during the 4th quarter. Legal & General Group Plc now owns 56,819 shares of the company’s stock worth $974,000 after acquiring an additional 50,491 shares during the period. Finally, Pennsylvania Trust Co purchased a new position in shares of Hudson during the 1st quarter worth about $1,464,000. Institutional investors and hedge funds own 41.73% of the company’s stock.

Hudson Company Profile

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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