Hudson’s Bay Co (HBC) Issued to Announce Revenue on Tuesday

Hudson’s Bay Co (HBC) Issued to Announce Revenue on Tuesday

Hudson's Bay Co (TSE:HBC) will be announcing its earnings results on Tuesday, April 4th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.

Shares of Hudson's Bay Co (TSE:HBC) opened at 10.81 on Friday. The firm’s market capitalization is $1.97 billion. Hudson's Bay Co has a 12 month low of $8.97 and a 12 month high of $19.69. The firm has a 50-day moving average price of $11.45 and a 200 day moving average price of $13.52.

Several research analysts have commented on HBC shares. Scotiabank downgraded Hudson's Bay Co from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$18.00 to C$14.50 in a research report on Tuesday, January 10th. National Bank Financial dropped their price target on Hudson's Bay Co from C$17.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 10th. Royal Bank of Canada dropped their price target on Hudson's Bay Co from C$18.00 to C$12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 11th. TD Securities dropped their price target on Hudson's Bay Co from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research report on Tuesday, December 6th. Finally, Cowen and Company dropped their price target on Hudson's Bay Co from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday, December 5th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$14.33.

Hudson's Bay Co 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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