Hudson's Bay (HBC) PT Lowered to C$12.00 at Cowen

Hudson's Bay (TSE:HBC) had its price objective lowered by Cowen from C$14.00 to C$12.00 in a research note released on Thursday morning.

Other equities analysts also recently issued research reports about the company. CIBC increased their price target on Hudson's Bay from C$10.50 to C$12.50 in a research report on Thursday, September 7th. Canaccord Genuity dropped their price target on Hudson's Bay from C$11.00 to C$9.00 and set a hold rating on the stock in a research report on Thursday, September 7th. TD Securities increased their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a hold rating in a research report on Wednesday, October 25th. BMO Capital Markets restated an outperform rating and set a C$25.00 price objective on shares of Hudson's Bay in a research note on Tuesday, November 14th. Finally, National Bank Financial decreased their price objective on Hudson's Bay from C$14.00 to C$12.00 and set a sector perform rating for the company in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus target price of C$11.72.

Hudson's Bay (TSE:HBC) opened at C$10.02 on Thursday. Hudson's Bay has a 12-month low of C$8.08 and a 12-month high of C$13.87.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Thursday, December 28th. Hudson's Bay’s dividend payout ratio (DPR) is currently -3.63%.

In related news, insider Donald William Watros sold 71,200 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$10.60, for a total transaction of C$754,720.00.

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About Hudson's Bay

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.

Analyst Recommendations for Hudson's Bay (TSE:HBC)

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