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.
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