Hudson's Bay (TSE:HBC) had its price objective cut by National Bank Financial from C$14.00 to C$12.00 in a report issued on Thursday morning. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on HBC. Royal Bank Of Canada restated a sector perform rating and set a C$9.00 price target on shares of Hudson's Bay in a research note on Wednesday, August 30th. TD Securities boosted their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the company a hold rating in a research note on Wednesday, October 25th. Canaccord Genuity cut their price target on Hudson's Bay from C$11.00 to C$9.00 and set a hold rating for the company in a research note on Thursday, September 7th. Scotiabank boosted their price target on Hudson's Bay from C$12.00 to C$13.00 and gave the company a sector perform rating in a research note on Thursday, September 7th. Finally, CIBC boosted their price target on Hudson's Bay from C$10.50 to C$12.50 in a research note on Thursday, September 7th. Nine investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and an average target price of C$11.72.

Shares of Hudson's Bay (HBC) opened at C$10.02 on Thursday. Hudson's Bay has a 52 week low of C$8.08 and a 52 week high of C$13.87.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.013 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.52%. Hudson's Bay’s dividend payout ratio (DPR) is presently -3.63%.

In related news, insider Donald William Watros sold 71,200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of C$10.60, for a total transaction of C$754,720.00.

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Hudson's Bay Company Profile

Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. 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.

Analyst Recommendations for Hudson's Bay (TSE:HBC)

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