Zacks Investment Research Lowers Hudson (NYSE:HUD) to Sell

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Zacks Investment Research downgraded shares of Hudson (NYSE:HUD) from a hold rating to a sell rating in a research note published on Thursday morning, 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. “

Other equities analysts have also issued reports about the company. Bank of America lowered Hudson from a neutral rating to an underperform rating and decreased their target price for the stock from $14.00 to $10.00 in a research report on Tuesday, November 5th. ValuEngine upgraded Hudson from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley set a $16.00 target price on Hudson and gave the stock a hold rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $15.25.

HUD stock traded up $0.32 during midday trading on Thursday, reaching $12.82. The stock had a trading volume of 341,721 shares, compared to its average volume of 268,109. The business has a fifty day simple moving average of $12.24 and a two-hundred day simple moving average of $13.14. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 2.15. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 6.30 and a beta of 0.87. Hudson has a twelve month low of $10.33 and a twelve month high of $21.10.

Hudson (NYSE:HUD) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The firm had revenue of $523.00 million during the quarter, compared to analyst estimates of $533.87 million. Hudson had a return on equity of 8.65% and a net margin of 0.57%. Hudson’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, equities analysts predict that Hudson will post 0.61 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC lifted its holdings in shares of Hudson by 1.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,947,600 shares of the company’s stock valued at $36,167,000 after purchasing an additional 40,100 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in Hudson by 42.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 401,811 shares of the company’s stock valued at $4,930,000 after acquiring an additional 119,085 shares in the last quarter. Renaissance Group LLC lifted its stake in Hudson by 4.2% in the 3rd quarter. Renaissance Group LLC now owns 49,549 shares of the company’s stock valued at $608,000 after acquiring an additional 2,013 shares in the last quarter. California Public Employees Retirement System lifted its stake in Hudson by 35.2% in the 3rd quarter. California Public Employees Retirement System now owns 26,896 shares of the company’s stock valued at $330,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Janney Capital Management LLC bought a new stake in Hudson in the 3rd quarter valued at approximately $208,000. Institutional investors own 42.06% 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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