Zacks Investment Research Downgrades Hudson (HUD) to Hold

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Zacks Investment Research cut shares of Hudson (NYSE:HUD) from a strong-buy rating to a hold rating in a report published on Tuesday morning.

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 stock opened at $14.82 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.74 and a quick ratio of 1.11. Hudson has a one year low of $13.40 and a one year high of $23.22. The company has a market capitalization of $1.36 billion and a price-to-earnings ratio of 33.68.

Hudson (NYSE:HUD) last released its quarterly earnings results on Monday, November 5th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. Hudson had a negative net margin of 0.33% and a positive return on equity of 13.19%. The business had revenue of $526.60 million during the quarter, compared to analysts’ expectations of $529.50 million. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Hudson will post 0.89 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in HUD. Sei Investments Co. boosted its stake in shares of Hudson by 310.0% in the 2nd quarter. Sei Investments Co. now owns 17,368 shares of the company’s stock valued at $304,000 after purchasing an additional 13,132 shares in the last quarter. Rhumbline Advisers boosted its position in Hudson by 8.6% during the 2nd quarter. Rhumbline Advisers now owns 38,287 shares of the company’s stock valued at $670,000 after buying an additional 3,037 shares during the period. Bank of New York Mellon Corp boosted its position in Hudson by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,557 shares of the company’s stock valued at $1,969,000 after buying an additional 9,983 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Hudson by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,200 shares of the company’s stock valued at $1,281,000 after buying an additional 4,600 shares during the period. Finally, BlackRock Inc. boosted its position in Hudson by 6.9% during the 2nd quarter. BlackRock Inc. now owns 2,007,578 shares of the company’s stock valued at $35,113,000 after buying an additional 128,815 shares during the period. 43.24% of the stock is 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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