Hudson’s Bay (TSE:HBC) Stock Price Crosses Below Two Hundred Day Moving Average of $0.00

Hudson’s Bay Co (TSE:HBC)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $9.35. Hudson’s Bay shares last traded at $9.40, with a volume of 79,873 shares.

Several analysts recently commented on HBC shares. Cowen raised their target price on Hudson’s Bay from C$10.00 to C$12.00 in a report on Friday, June 14th. TD Securities raised their target price on Hudson’s Bay from C$9.50 to C$10.50 and gave the stock a “hold” rating in a report on Friday, June 14th. National Bank Financial lowered Hudson’s Bay from a “sector perform” rating to a “tender” rating and dropped their target price for the stock from C$12.00 to C$9.45 in a report on Tuesday, June 11th. Finally, CIBC raised their target price on Hudson’s Bay from C$9.45 to C$10.75 in a report on Tuesday, June 18th.

The firm has a market cap of $1.76 billion and a P/E ratio of 32.57. The stock has a 50-day moving average of C$9.78. The company has a debt-to-equity ratio of 382.71, a quick ratio of 0.06 and a current ratio of 1.06.

Hudson’s Bay (TSE:HBC) last issued its quarterly earnings results on Thursday, June 13th. The company reported C($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.56) by C($0.31). The business had revenue of C$2.12 billion during the quarter, compared to the consensus estimate of C$2.11 billion. On average, equities analysts expect that Hudson’s Bay Co will post -1.27 earnings per share for the current fiscal year.

Hudson’s Bay Company Profile (TSE:HBC)

Hudson's Bay Company owns and operates department stores in Canada and the United States. 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 OFF 5TH, Find @ Lord & Taylor, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena names.

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