Analysts Set Hudson's Bay Co (HBC) Target Price at $11.72

Shares of Hudson's Bay Co (TSE:HBC) have been given an average recommendation of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$11.72.

Several research firms recently issued reports on HBC. CIBC raised their price target on Hudson's Bay from C$12.50 to C$14.00 in a research report on Wednesday, October 25th. TD Securities raised their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. National Bank Financial raised their price target on Hudson's Bay from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Royal Bank of Canada raised their price target on Hudson's Bay from C$10.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$25.00 price target on shares of Hudson's Bay in a research report on Tuesday, November 14th.

In related news, Director Robert C. Baker sold 13,400 shares of Hudson's Bay stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$11.30, for a total transaction of C$151,420.00. Also, insider L&T B. (Cayman) Inc. sold 400,000 shares of Hudson's Bay stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$11.01, for a total value of C$4,404,000.00. Over the last quarter, insiders sold 672,544 shares of company stock worth $7,550,502.

Hudson's Bay (TSE:HBC) opened at C$9.96 on Tuesday. Hudson's Bay has a 1 year low of C$8.08 and a 1 year high of C$13.43. The stock has a market capitalization of $1,820.00, a P/E ratio of -2.22 and a beta of 1.14.

Hudson's Bay (TSE:HBC) last posted its quarterly earnings results on Wednesday, December 6th. The company reported C($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.69) by C($0.42). Hudson's Bay had a negative return on equity of 53.94% and a negative net margin of 7.69%. The company had revenue of C$3.16 billion for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a $0.013 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.52%. Hudson's Bay’s dividend payout ratio is currently -2.79%.

ILLEGAL ACTIVITY WARNING: This article was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://sportsperspectives.com/2018/02/09/analysts-set-hudsons-bay-co-hbc-target-price-at-11-72.html.

About Hudson's Bay

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.

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.

Latest News

Leave a Reply