Is Selling Hudson’s Bay Co Here a Winning Strategy?

 Is Selling Hudson's Bay Co Here a Winning Strategy?

The stock of Hudson’s Bay Co (TSE:HBC) is a huge mover today! About 224,161 shares traded hands or 33.68% up from the average. Hudson’s Bay Co (TSE:HBC) has declined 4.11% since April 7, 2016 and is downtrending. It has underperformed by 10.26% the S&P500.
The move comes after 6 months negative chart setup for the $2.77B company. It was reported on Nov, 11 by Barchart.com. We have $14.06 PT which if reached, will make TSE:HBC worth $193.90M less.

Hudson’s Bay Co (TSE:HBC) Ratings Coverage

Out of 5 analysts covering Hudson’s Bay Company (TSE:HBC), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $40 is the highest target while $23 is the lowest. The $31 average target is 105.03% above today’s ($15.12) stock price. Hudson’s Bay Company has been the topic of 20 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of Hudson’s Bay Co (TSE:HBC) earned “Outperform” rating by RBC Capital Markets on Friday, December 11. On Thursday, September 22 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, September 7. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, June 10. TD Securities maintained Hudson’s Bay Co (TSE:HBC) on Tuesday, August 30 with “Buy” rating. The stock has “Outperform” rating given by RBC Capital Markets on Monday, November 30. Scotia Capital maintained the stock with “Outperform” rating in Thursday, September 1 report. The company was maintained on Friday, January 8 by RBC Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, August 30. The rating was maintained by Scotia Capital with “Outperform” on Friday, June 10.

More notable recent Hudson’s Bay Co (TSE:HBC) news were published by: Business.Financialpost.com which released: “Hudson’s Bay Company cuts outlook after sales fall more than expected at most …” on November 11, 2016, also Fool.ca with their article: “RioCan Real Estate Investment Trust or Hudson’s Bay Co: Which Is the Better Buy?” published on November 09, 2016, Businesswire.com published: “Hudson’s Bay Company Announces Comparable Sales Results for the Third Quarter …” on November 10, 2016. More interesting news about Hudson’s Bay Co (TSE:HBC) were released by: Fool.ca and their article: “Amazon.com, Inc. Versus Hudson’s Bay Co: The War Begins” published on November 08, 2016 as well as Forbes.com‘s news article titled: “Hudson’s Bay Company’s Transformation Leads to Fast Growth” with publication date: June 13, 2016.

Hudson’s Bay Company is a Canada department store retailer. The company has a market cap of $2.77 billion. The Firm is an operator and a consolidator, as well as a real estate developer. It has a 32.44 P/E ratio. 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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