Hudson’s Bay (HBC) Getting Somewhat Favorable Press Coverage, Study Finds

News articles about Hudson’s Bay (TSE:HBC) have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hudson’s Bay earned a news sentiment score of 1.15 on their scale. InfoTrie also gave media stories about the company an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Hudson’s Bay’s ranking:

A number of research analysts recently commented on HBC shares. CIBC raised their price target on Hudson’s Bay from C$10.00 to C$11.50 in a research report on Thursday, September 13th. TD Securities raised their price target on Hudson’s Bay from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Wednesday, September 12th. National Bank Financial raised their price target on Hudson’s Bay from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 13th. Finally, Royal Bank of Canada raised their price target on Hudson’s Bay from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 12th. Six investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of C$11.25.

Hudson’s Bay stock traded up C$0.40 during midday trading on Monday, reaching C$8.23. The company’s stock had a trading volume of 205,321 shares, compared to its average volume of 227,271. Hudson’s Bay has a 52 week low of C$7.27 and a 52 week high of C$12.10. The company has a current ratio of 1.19, a quick ratio of 0.04 and a debt-to-equity ratio of 218.16.

Hudson’s Bay (TSE:HBC) last released its earnings results on Wednesday, September 12th. The company reported C($0.53) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.74) by C$0.21. The business had revenue of C$2.16 billion during the quarter. As a group, equities research analysts forecast that Hudson’s Bay will post -1.10000001826309 EPS for the current year.

In other Hudson’s Bay news, insider L&T B. (Cayman) Inc. sold 4,800 shares of Hudson’s Bay stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of C$10.67, for a total value of C$51,216.00. Also, insider L&T B. (Cayman) Inc. sold 20,098 shares of Hudson’s Bay stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of C$9.57, for a total value of C$192,337.86. In the last quarter, insiders sold 112,598 shares of company stock worth $1,089,434.

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Hudson’s Bay Company Profile

Hudson's Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offers fashion apparels, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF 5TH, Find @ Lord & Taylor, Gilt, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena banners.

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