Hudson’s Bay (HBC) Getting Favorable News Coverage, Analysis Shows
News headlines about Hudson’s Bay (TSE:HBC) have trended positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hudson’s Bay earned a daily sentiment score of 2.56 on their scale. InfoTrie also assigned news stories about the company an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Hudson’s Bay’s score:
- Hudson’s Bay (HBC) Earns Daily Media Impact Score of 1.59 (americanbankingnews.com)
- Hudson’s Bay Co (HBC) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- HBC completes Galeria Kaufhof and Karstadt merger (just-style.com)
- Hudson’s Bay (HBC) Receives Daily Media Sentiment Rating of 1.16 (americanbankingnews.com)
- HBC Foundation Establishes Scholarship Fund to Support the Jed Foundation in Improving College Student Mental Health (marketwatch.com)
Shares of Hudson’s Bay stock traded down C$0.10 during midday trading on Tuesday, hitting C$9.04. 251,786 shares of the company were exchanged, compared to its average volume of 231,926. The company has a debt-to-equity ratio of 218.16, a quick ratio of 0.04 and a current ratio of 1.19. Hudson’s Bay has a 52 week low of C$7.27 and a 52 week high of C$12.10.
A number of brokerages have recently commented on HBC. TD Securities lowered their price objective on Hudson’s Bay from C$12.00 to C$10.50 and set a “hold” rating on the stock in a report on Thursday, November 22nd. CIBC increased their target price on Hudson’s Bay from C$10.00 to C$11.50 in a research note on Thursday, September 13th. National Bank Financial increased their target price on Hudson’s Bay from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, September 13th. Finally, Royal Bank of Canada raised their price objective 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 equities research analysts have rated the stock with a hold rating, Hudson’s Bay presently has a consensus rating of “Hold” and an average target price of C$11.25.
In related news, Director Robert C. Baker sold 25,800 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of C$9.50, for a total transaction of C$245,100.00. Also, insider L&T B. (Cayman) Inc. sold 24,200 shares of Hudson’s Bay stock in a transaction on Thursday, September 27th. The shares were sold at an average price of C$9.95, for a total value of C$240,790.00. Insiders have sold a total of 112,598 shares of company stock valued at $1,089,434 over the last ninety days.
COPYRIGHT VIOLATION WARNING: “Hudson’s Bay (HBC) Getting Favorable News Coverage, Analysis Shows” was originally posted by Marea Informative and is the sole property of of Marea Informative. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.mareainformativa.com/news/2018/12/05/positive-news-coverage-very-unlikely-to-affect-hudsons-bay-hbc-share-price-updated-updated.html.
About Hudson’s Bay
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.
Featured Article: Average Daily Trade Volume – What You Need to Know
Receive News & Ratings for Hudson's Bay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson's Bay and related companies with MarketBeat.com's FREE daily email newsletter.