Hudson's Bay Co (TSE:HBC) – Stock analysts at National Bank Financial decreased their FY2018 earnings per share (EPS) estimates for shares of Hudson's Bay in a research note issued on Tuesday. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of ($2.49) for the year, down from their prior forecast of ($2.17). National Bank Financial currently has a “Sector Perform” rating and a $11.00 price target on the stock. National Bank Financial also issued estimates for Hudson's Bay’s FY2019 earnings at ($1.28) EPS.
Other equities analysts have also recently issued reports about the company. Scotiabank reduced their target price on Hudson's Bay from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 7th. CIBC reduced their target price on Hudson's Bay from C$14.00 to C$12.00 in a research note on Thursday, December 7th. Cowen reduced their target price on Hudson's Bay from C$14.00 to C$12.00 in a research note on Thursday, December 7th. BMO Capital Markets cut Hudson's Bay from an “outperform” rating to a “market perform” rating and set a C$11.00 target price on the stock. in a research note on Friday, December 8th. Finally, TD Securities dropped their price target on Hudson's Bay from C$13.50 to C$12.50 and set a “hold” rating on the stock in a research report on Friday, December 8th. Nine research analysts have rated the stock with a hold rating, Hudson's Bay currently has an average rating of “Hold” and an average price target of C$11.61.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.013 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.05 annualized dividend and a dividend yield of 0.56%. Hudson's Bay’s dividend payout ratio is presently -2.79%.
In other Hudson's Bay news, insider L&T B. (Cayman) Inc. sold 67,844 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of C$11.72, for a total value of C$795,131.68. Also, Director Robert C. Baker sold 13,400 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$11.30, for a total value of C$151,420.00. Insiders have sold 672,544 shares of company stock worth $7,550,502 over the last 90 days.
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Hudson's Bay Company Profile
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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