Is Hudson’s Bay Co a Sell? The Stock Declines Again

 Is Hudson's Bay Co a Sell? The Stock Declines Again

The stock of Hudson’s Bay Co (TSE:HBC) is a huge mover today! About 399,432 shares traded hands or 81.92% up from the average. Hudson’s Bay Co (TSE:HBC) has declined 13.19% since April 15, 2016 and is downtrending. It has underperformed by 17.05% the S&P500.
The move comes after 8 months negative chart setup for the $2.58B company. It was reported on Nov, 21 by Barchart.com. We have $13.13 PT which if reached, will make TSE:HBC worth $206.40M 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 $30.40 average target is 113.03% above today’s ($14.27) stock price. Hudson’s Bay Company has been the topic of 21 analyst reports since September 11, 2015 according to StockzIntelligence Inc. TD Securities maintained the shares of HBC in a report on Tuesday, August 30 with “Buy” rating. On Friday, June 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. Scotia Capital maintained it with “Outperform” rating and $26 target price in Thursday, September 1 report. The company was maintained on Thursday, September 22 by Scotia Capital. The company was maintained on Friday, June 10 by Scotia Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 30. The rating was maintained by RBC Capital Markets on Wednesday, September 7 with “Outperform”. The firm earned “Outperform” rating on Friday, December 11 by RBC Capital Markets. RBC Capital Markets maintained Hudson’s Bay Co (TSE:HBC) rating on Friday, January 8. RBC Capital Markets has “Outperform” rating and $32 price target. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, August 30.

More notable recent Hudson’s Bay Co (TSE:HBC) news were published by: Wsj.com which released: “Hudson’s Bay Co. Widens Loss, Plans More Cost-Cutting Moves” on June 09, 2016, also Business.Financialpost.com with their article: “Hudson’s Bay Company cuts outlook after sales fall more than expected at most …” published on November 11, 2016, Forbes.com published: “Hudson’s Bay Company’s Transformation Leads to Fast Growth” on June 13, 2016. More interesting news about Hudson’s Bay Co (TSE:HBC) were released by: Fool.ca and their article: “Is Hudson’s Bay Co. Still a Good Investment?” published on November 14, 2016 as well as Business.Financialpost.com‘s news article titled: “CIBC downgrades Hudson’s Bay Co on industry headwinds” with publication date: September 08, 2016.

Hudson’s Bay Company is a Canada department store retailer. The company has a market cap of $2.58 billion. The Firm is an operator and a consolidator, as well as a real estate developer. It has a 30.62 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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