Does Hudson’s Bay Co Have Any Gas After Today’s Huge Increase?

 Does Hudson's Bay Co Have Any Gas After Today's Huge Increase?

The stock of Hudson’s Bay Co (TSE:HBC) is a huge mover today! About 310,425 shares traded hands or 60.96% up from the average. Hudson’s Bay Co (TSE:HBC) has declined 12.43% since April 8, 2016 and is downtrending. It has underperformed by 17.41% the S&P500.
The move comes after 8 months positive chart setup for the $2.46B company. It was reported on Nov, 14 by Barchart.com. We have $23.45 PT which if reached, will make TSE:HBC worth $1.35B more.

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. Hudson’s Bay Company has been the topic of 21 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of HBC in a report on Thursday, September 1 with “Outperform” rating. The firm earned “Outperform” rating on Wednesday, September 7 by RBC Capital Markets. RBC Capital Markets maintained Hudson’s Bay Co (TSE:HBC) on Friday, June 10 with “Outperform” rating. RBC Capital Markets maintained Hudson’s Bay Co (TSE:HBC) on Friday, December 11 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Monday, November 30 with “Outperform”. The firm earned “Buy” rating on Tuesday, August 30 by TD Securities. The stock has “Outperform” rating given by Scotia Capital on Thursday, September 22. RBC Capital Markets maintained the shares of HBC in a report on Friday, January 8 with “Outperform” rating. The stock of Hudson’s Bay Co (TSE:HBC) earned “Outperform” rating by RBC Capital Markets on Tuesday, August 30. The stock has “Outperform” rating given by Scotia Capital 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: “Is Hudson’s Bay Co. Still a Good Investment?” published on November 14, 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: Forbes.com and their article: “Hudson’s Bay Company’s Transformation Leads to Fast Growth” published on June 13, 2016 as well as Wsj.com‘s news article titled: “Hudson’s Bay Co. Widens Loss, Plans More Cost-Cutting Moves” with publication date: June 09, 2016.

Hudson’s Bay Company is a Canada department store retailer. The company has a market cap of $2.46 billion. The Firm is an operator and a consolidator, as well as a real estate developer. It has a 32.46 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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