Hudson (NYSE:HUD) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Hudson (NYSE:HUD) from a hold rating to a sell rating in a 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 equities analysts have also issued reports on the stock. Credit Suisse Group upgraded shares of Hudson from a neutral rating to an outperform rating and upped their target price for the stock from $17.00 to $19.00 in a research report on Wednesday, May 1st. Morgan Stanley set a $16.00 target price on shares of Hudson and gave the stock a hold rating in a research report on Wednesday, July 31st.

NYSE:HUD opened at $11.76 on Friday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.17 and a beta of 0.75. Hudson has a 12 month low of $11.60 and a 12 month high of $23.22. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.72 and a current ratio of 1.11. The company has a 50-day moving average price of $13.53.

Hudson (NYSE:HUD) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). The firm had revenue of $509.90 million during the quarter, compared to analyst estimates of $519.06 million. Hudson had a net margin of 1.19% and a return on equity of 10.81%. Hudson’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. Analysts expect that Hudson will post 0.61 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in Hudson by 88.5% during the 2nd quarter. Wells Fargo & Company MN now owns 247,636 shares of the company’s stock valued at $3,415,000 after purchasing an additional 116,257 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in Hudson during the 2nd quarter valued at $3,898,000. TimesSquare Capital Management LLC increased its stake in Hudson by 3.4% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,907,500 shares of the company’s stock valued at $40,094,000 after purchasing an additional 96,800 shares in the last quarter. SG Americas Securities LLC bought a new stake in Hudson during the 2nd quarter valued at $120,000. Finally, Clearbridge Investments LLC increased its stake in Hudson by 6.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,681,545 shares of the company’s stock valued at $50,621,000 after purchasing an additional 218,699 shares in the last quarter. Institutional investors own 41.74% of the company’s stock.

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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