Hudson (NYSE:HUD) Downgraded by Zacks Investment Research to “Sell”

Hudson (NYSE:HUD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, 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. “

HUD has been the topic of a number of other reports. Morgan Stanley set a $16.00 price target on Hudson and gave the company a “hold” rating in a research note on Wednesday, July 31st. Bank of America lowered Hudson from a “neutral” rating to an “underperform” rating and cut their price target for the company from $14.00 to $10.00 in a research note on Tuesday. Finally, ValuEngine raised Hudson from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Hudson has a consensus rating of “Hold” and an average price target of $15.25.

Shares of HUD stock opened at $11.97 on Thursday. The business’s 50-day moving average price is $12.23 and its 200-day moving average price is $13.17. Hudson has a 12 month low of $10.33 and a 12 month high of $21.10. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.42 and a beta of 0.87. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.11.

Hudson (NYSE:HUD) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). Hudson had a net margin of 1.19% and a return on equity of 10.81%. The firm had revenue of $523.00 million for the quarter, compared to analyst estimates of $533.87 million. During the same period in the previous year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, sell-side analysts predict that Hudson will post 0.61 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in shares of Hudson by 0.4% in the second quarter. Northern Trust Corp now owns 405,476 shares of the company’s stock worth $5,592,000 after acquiring an additional 1,662 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Hudson by 2.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 82,529 shares of the company’s stock worth $1,139,000 after acquiring an additional 1,750 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Hudson in the second quarter worth approximately $25,000. Renaissance Group LLC lifted its stake in shares of Hudson by 4.2% in the third quarter. Renaissance Group LLC now owns 49,549 shares of the company’s stock worth $608,000 after acquiring an additional 2,013 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Hudson by 0.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 316,082 shares of the company’s stock worth $4,359,000 after acquiring an additional 2,274 shares during the period. 42.06% of the stock is currently owned by institutional investors.

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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