Hudson (NYSE:HUD) Cut to “Sell” at Zacks Investment Research

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

A number of other brokerages have also recently commented on HUD. Credit Suisse Group raised Hudson from a neutral rating to an outperform rating and increased their target price for the company from $17.00 to $19.00 in a report on Wednesday, May 1st. Morgan Stanley set a $16.00 target price on Hudson and gave the company a hold rating in a report on Wednesday, July 31st.

Shares of Hudson stock opened at $11.76 on Friday. The firm’s 50 day moving average price is $13.57. Hudson has a 12 month low of $11.60 and a 12 month high of $23.22. The firm has a market capitalization of $1.12 billion, a PE ratio of 14.17 and a beta of 0.75. The company has a quick ratio of 0.63, a current ratio of 1.11 and a debt-to-equity ratio of 2.11.

Hudson (NYSE:HUD) last announced its earnings results on Tuesday, July 30th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Hudson had a net margin of 1.19% and a return on equity of 10.81%. The firm had revenue of $509.90 million for the quarter, compared to analyst estimates of $519.06 million. During the same period in the previous year, the company earned $0.28 EPS. Hudson’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Hudson will post 0.61 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA purchased a new stake in shares of Hudson in the first quarter valued at approximately $114,000. SG Americas Securities LLC purchased a new stake in shares of Hudson in the second quarter valued at approximately $120,000. Dynamic Technology Lab Private Ltd grew its position in shares of Hudson by 25.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 25,041 shares of the company’s stock valued at $344,000 after purchasing an additional 5,147 shares in the last quarter. Pennsylvania Trust Co purchased a new stake in shares of Hudson in the first quarter valued at approximately $1,464,000. Finally, Squarepoint Ops LLC grew its position in shares of Hudson by 43.9% in the fourth quarter. Squarepoint Ops LLC now owns 40,677 shares of the company’s stock valued at $698,000 after purchasing an additional 12,415 shares in the last quarter. Institutional investors and hedge funds own 41.74% of the company’s stock.

About Hudson

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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