Shares of Hudson Ltd (NYSE:HUD) rose 1.1% on Wednesday . The company traded as high as $12.83 and last traded at $12.78, approximately 1,491 shares were traded during mid-day trading. A decline of 99% from the average daily volume of 189,262 shares. The stock had previously closed at $12.64.
Several brokerages recently weighed in on HUD. Morgan Stanley set a $16.00 price objective on shares of Hudson and gave the company a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research downgraded Hudson from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd.
The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.20 and a beta of 0.83. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.11 and a quick ratio of 0.72. The business has a fifty day moving average price of $11.68 and a 200 day moving average price of $13.73.
Hudson (NYSE:HUD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The company had revenue of $509.90 million for the quarter, compared to the consensus estimate of $519.06 million. Hudson had a net margin of 1.19% and a return on equity of 10.81%. Hudson’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Research analysts anticipate that Hudson Ltd will post 0.61 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in HUD. TimesSquare Capital Management LLC grew its stake in shares of Hudson by 45.6% in the 1st quarter. TimesSquare Capital Management LLC now owns 2,810,700 shares of the company’s stock worth $38,647,000 after purchasing an additional 880,880 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Hudson by 31.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,473,202 shares of the company’s stock worth $48,625,000 after purchasing an additional 831,574 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Hudson during the second quarter valued at approximately $5,711,000. Eagle Asset Management Inc. acquired a new stake in shares of Hudson during the second quarter valued at approximately $3,898,000. Finally, Renaissance Technologies LLC lifted its position in shares of Hudson by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 631,600 shares of the company’s stock valued at $8,710,000 after acquiring an additional 246,900 shares in the last quarter. Institutional investors and hedge funds own 42.12% of the company’s stock.
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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