Hudson’s Bay (TSE:HBC) Trading Up 42.9%

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Hudson’s Bay Co (TSE:HBC) was up 42.9% during trading on Monday . The company traded as high as C$9.40 and last traded at C$9.10. Approximately 1,069,341 shares changed hands during mid-day trading, an increase of 436% from the average daily volume of 199,585 shares. The stock had previously closed at C$6.37.

A number of equities research analysts have commented on HBC shares. National Bank Financial downgraded shares of Hudson’s Bay from a “sector perform” rating to a “tender” rating and dropped their price objective for the company from C$12.00 to C$9.45 in a research report on Tuesday. CIBC dropped their target price on shares of Hudson’s Bay from C$12.00 to C$10.00 in a research report on Thursday, April 4th. TD Securities dropped their target price on shares of Hudson’s Bay from C$10.50 to C$9.50 and set a “hold” rating on the stock in a research report on Thursday, April 4th. Cowen dropped their target price on shares of Hudson’s Bay from C$11.00 to C$10.00 in a research report on Thursday, April 4th. Finally, Royal Bank of Canada dropped their target price on shares of Hudson’s Bay from C$11.00 to C$10.00 in a research report on Thursday, April 4th.

The company has a debt-to-equity ratio of 168.43, a quick ratio of 0.07 and a current ratio of 1.19. The stock has a market cap of $1.67 billion and a P/E ratio of -4.02.

Hudson’s Bay (TSE:HBC) last posted its earnings results on Wednesday, April 3rd. The company reported C($0.54) EPS for the quarter. The company had revenue of C$2.89 million for the quarter. As a group, analysts predict that Hudson’s Bay Co will post -0.8509239 EPS for the current year.

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Hudson’s Bay Company Profile (TSE:HBC)

Hudson's Bay Company owns and operates department stores in Canada and the United States. Its stores offers fashion apparels, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena names.

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