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

Hudson's Bay Co (TSE:HBC) – Equities research analysts at National Bank Financial boosted their Q4 2019 EPS estimates for Hudson's Bay Co in a report released on Thursday. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $1.09 per share for the quarter, up from their previous forecast of $1.07. National Bank Financial has a “Sector Perform” rating and a $13.00 price objective on the stock.

Several other research analysts also recently weighed in on HBC. Canaccord Genuity decreased their price target 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. CIBC increased their price objective on shares of Hudson's Bay Co from C$10.50 to C$12.50 in a research note on Thursday, September 7th. Royal Bank Of Canada reduced their price objective on shares of Hudson's Bay Co from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a research note on Friday, September 8th. Scotiabank increased their price objective on shares of Hudson's Bay Co from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 7th. Finally, TD Securities reduced their price objective on shares of Hudson's Bay Co from C$12.00 to C$10.00 and set a “hold” rating for the company in a research note on Friday, June 9th. 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 currently has a consensus rating of “Hold” and an average price target of C$14.22.

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Hudson's Bay Co (TSE:HBC) traded down 1.25% on Monday, reaching $12.59. 221,027 shares of the company were exchanged. Hudson's Bay Co has a 12-month low of $8.08 and a 12-month high of $17.67. The firm’s market capitalization is $2.29 billion. The firm has a 50-day moving average of $11.19 and a 200 day moving average of $10.98.

In other news, insider Marc Jeffrey Metrick sold 5,000 shares of the stock in a transaction 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. Over the last three months, insiders sold 11,101 shares of company stock valued at $124,467.

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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