Insider Selling: Hudson's Bay Co (TSE:HBC) Insider Sells 1,101 Shares of Stock

Hudson's Bay Co (TSE:HBC) insider Todd Zator sold 1,101 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of C$11.46, for a total transaction of C$12,617.46.

Hudson's Bay Co (HBC) opened at 10.60 on Friday. The company’s 50 day moving average is $10.68 and its 200-day moving average is $10.87. The stock’s market cap is $1.93 billion. Hudson's Bay Co has a 1-year low of $8.08 and a 1-year high of $18.60.

Hudson's Bay Co (TSE:HBC) last posted its quarterly earnings results on Thursday, June 8th. The company reported ($1.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.70) by $0.49. Hudson's Bay Co had a negative return on equity of 37.88% and a negative net margin of 6.90%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Equities research analysts forecast that Hudson's Bay Co will post ($1.93) earnings per share for the current fiscal year.

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A number of equities research analysts have commented on HBC shares. Credit Suisse Group downgraded shares of Hudson's Bay Co from an “outperform” rating to a “neutral” rating in a research report on Friday, April 21st. National Bank Financial cut their target price on shares of Hudson's Bay Co from C$12.00 to C$10.00 in a research report on Monday, June 12th. Scotiabank reaffirmed a “sector perform” rating and issued a C$14.50 target price on shares of Hudson's Bay Co in a research report on Wednesday, April 5th. TD Securities lifted their target price on shares of Hudson's Bay Co from C$10.00 to C$12.50 and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Royal Bank Of Canada lifted their target price 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 report on Thursday, April 6th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$13.78.

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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