Zacks Investment Research downgraded shares of Hudson (NYSE:HUD) from a hold rating to a sell rating in a report published on Saturday, Zacks.com reports.
According to Zacks, “Hudson Ltd. is a travel retailers primarily in North America. The Company is anchored by its iconic Hudson, Hudson News and Hudson Bookseller brands and operates duty-paid and duty-free stores primarily in airports, commuter terminals, hotels and tourist destinations. Hudson Ltd. is based in EAST RUTHERFORD, N.J. “
Get Hudson alerts: Several other brokerages have also recently issued reports on HUD. Morgan Stanley set a $16.00 target price on shares of Hudson and gave the company a hold rating in a report on Wednesday. Credit Suisse Group upgraded shares of Hudson from a neutral rating to an outperform rating and upped their target price for the company from $17.00 to $19.00 in a report on Wednesday, May 1st.
Shares of Hudson stock traded down $0.26 during trading hours on Friday, hitting $12.14. The company had a trading volume of 120,203 shares, compared to its average volume of 156,176. The company’s 50-day moving average price is $13.68. Hudson has a twelve month low of $12.05 and a twelve month high of $23.22. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.63 and a current ratio of 1.11. The firm has a market cap of $1.15 billion, a P/E ratio of 14.63 and a beta of 0.75.
Hudson (NYSE:HUD) last issued its earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). Hudson had a net margin of 1.19% and a return on equity of 10.81%. The company had revenue of $509.90 million during the quarter, compared to analyst estimates of $519.06 million. During the same quarter in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that Hudson will post 0.61 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC raised its position in Hudson by 6.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,681,545 shares of the company’s stock valued at $50,621,000 after purchasing an additional 218,699 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Hudson by 3.4% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,907,500 shares of the company’s stock worth $40,094,000 after buying an additional 96,800 shares during the last quarter. American Century Companies Inc. purchased a new position in Hudson during the 4th quarter worth $4,747,000. Bank of America Corp DE raised its position in Hudson by 7.1% during the 4th quarter. Bank of America Corp DE now owns 155,422 shares of the company’s stock worth $2,666,000 after buying an additional 10,321 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Hudson by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 137,745 shares of the company’s stock worth $2,362,000 after buying an additional 20,618 shares during the last quarter. Hedge funds and other institutional investors own 41.73% of the company’s stock.
Hudson Company Profile
Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.
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