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Retailer Hudson's Bay Co. has slipped from a seven rating to a six rating with StockReports+, however it is still in line with its sector and most analysts have a "buy" rating on the stock. it's rating dipped one notch due to a decline in the company's relative valuation score, the report said. The stock has a one-year return of 66.8 per cent.
HBC though, falls behind competitors Canadian Tire Corp. and Rona Inc., both which have a 10 rating. Dollarama and Leon's Furniture also are ahead with a nine rating.
StockReports+ gives HBC a neutral outlook due to "mixed earnings expectations and performance." A year ago the stock had a rating of eight. Earlier this month, HBC reported per share earnings of 84 cents per share, 17.3 per cent above the consensus of 72 cents. And in the past three months, the consensus price target for HBC has risen to $33.30, up nearly 28 per cent from $26.10.
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