National Bank Financial Comments on Hudson's Bay Co’s Q4 2019 Earnings (HBC)

Hudson's Bay Co (TSE:HBC) – Analysts at National Bank Financial boosted their Q4 2019 earnings per share estimates for shares of Hudson's Bay Co in a research note issued to investors on Thursday. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $1.09 for the quarter, up from their prior estimate of $1.07. National Bank Financial has a “Sector Perform” rating and a $13.00 price target on the stock.

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HBC has been the topic of a number of other research reports. Royal Bank Of Canada cut their target price on shares of Hudson's Bay Co from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Friday. Scotiabank raised their target price on shares of Hudson's Bay Co from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Thursday, September 7th. CIBC raised their target price on shares of Hudson's Bay Co from C$10.50 to C$12.50 in a research report on Thursday, September 7th. Canaccord Genuity cut their target price on shares of Hudson's Bay Co from C$11.00 to C$9.00 and set a “hold” rating on the stock in a research report on Thursday, September 7th. Finally, TD Securities raised their target price on shares of Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday, July 21st. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$14.22.

Shares of Hudson's Bay Co (HBC) traded down 0.70% during trading on Monday, hitting $12.75. 429,116 shares of the company traded hands. Hudson's Bay Co has a 52 week low of $8.08 and a 52 week high of $17.67. The company’s market capitalization is $2.32 billion. The company has a 50 day moving average price of $11.09 and a 200 day moving average price of $10.96.

In other news, insider Marc Jeffrey Metrick sold 5,000 shares of Hudson's Bay Co stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of C$11.25, for a total value of C$56,250.00. Insiders have sold a total of 11,101 shares of company stock worth $124,467 in the last three months.

About Hudson's Bay Co

Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.

Earnings History and Estimates for Hudson's Bay Co (TSE:HBC)

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