Hudson (NYSE:HUD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
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 research analysts have also recently issued reports about the company. Bank of America cut Hudson from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Wednesday, January 16th. Credit Suisse Group cut Hudson from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $24.00 to $17.00 in a research note on Thursday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.40.
Hudson (NYSE:HUD) last released its earnings results on Monday, November 5th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The company had revenue of $526.60 million during the quarter, compared to analysts’ expectations of $529.50 million. Hudson had a positive return on equity of 13.19% and a negative net margin of 0.33%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Hudson will post 0.88 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG increased its stake in shares of Hudson by 15.3% in the 3rd quarter. Credit Suisse AG now owns 22,755 shares of the company’s stock valued at $514,000 after buying an additional 3,022 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Hudson by 3.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 90,217 shares of the company’s stock worth $1,547,000 after purchasing an additional 3,391 shares during the period. Vanguard Group Inc. grew its stake in shares of Hudson by 2.4% during the third quarter. Vanguard Group Inc. now owns 147,612 shares of the company’s stock worth $3,330,000 after purchasing an additional 3,447 shares during the period. Vanguard Group Inc grew its stake in shares of Hudson by 2.4% during the third quarter. Vanguard Group Inc now owns 147,612 shares of the company’s stock worth $3,330,000 after purchasing an additional 3,447 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Hudson by 6.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 73,200 shares of the company’s stock worth $1,281,000 after purchasing an additional 4,600 shares during the period. 43.24% of the stock is owned by institutional investors.
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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