IBK cuts target for Hyundai Department Store stock to KRW 150,000

Published on 10/14/2026 at 03:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IBK sees Q3 operating profit at KRW 83.9 billion, up 15.6 percent year over year. For Hyundai Department Store stock, Q2 revenue was KRW 1.07 trillion.

Target cut and earnings dates

IBK Investment & Securities reduced its target from KRW 168,000 to KRW 150,000 on October 14, 2026.
Third-quarter operating profit was estimated at KRW 83.9 billion, up 15.6 percent year over year.
Hyundai Department Store's next earnings report is scheduled for November 18, 2026.
Second-quarter revenue was KRW 1.07 trillion, down 1.10 percent year over year.

Hyundai Dept, KR7069960003, Illustration mit AI erstellt.

IBK Investment & Securities cut its target for Hyundai Department Store (ISIN KR7069960003) from KRW 168,000 to KRW 150,000 on October 14, 2026, according to The Asia Business Daily. The brokerage retained its Buy rating while estimating third-quarter revenue at KRW 1.0481 trillion and operating profit at KRW 83.9 billion.

Recent targets point to slower growth

The Asia Business Daily reported that IBK cited a possible slowdown in department-store profit growth as consumer spending faces pressure from higher interest and housing costs. Its estimate puts third-quarter operating profit 15.60 percent above the comparable period, while the KRW 150,000 target remains 78.64 percent above Hyundai Department Store's KRW 83,700 closing price cited in the report.

The valuation argument is counterbalanced by execution risks. IBK said the 2026 price-to-earnings ratio was 6.7 times, while duty-free profitability could weaken as a stronger won raises cost pressure, according to Maeil Business Newspaper.

Three target changes frame the debate

On September 23, 2026, NH Investment & Securities projected third-quarter revenue of KRW 1.1406 trillion and operating profit of KRW 89.2 billion, increases of 12.90 percent and 22.70 percent, respectively, according to Chosun. On September 28, 2026, Korea Investment & Securities lowered its target from KRW 185,000 to KRW 170,000 while forecasting operating profit of KRW 89.8 billion, 6.40 percent below consensus, as Financial News reported. On October 14, 2026, IBK cut its target from KRW 168,000 to KRW 150,000, making the latest estimate the most cautious of the three.

What do the latest results show?

Hyundai Department Store reported second-quarter 2026 revenue of KRW 1.07 trillion, down 1.10 percent year over year, and operating profit of KRW 79.3 billion, according to ATS View. The contrast with the third-quarter estimates matters: revenue expectations range from KRW 1.0481 trillion to KRW 1.1406 trillion, while operating profit estimates range from KRW 83.9 billion to KRW 89.8 billion.

Next reporting date is November 18

TradingView lists November 18, 2026 as Hyundai Department Store's next quarterly earnings date. The company trades on the Korea Exchange KOSPI market under ticker 069960, according to ATS View.

KRW price sets the market context

Hyundai Department Store was trading at KRW 81,800.00 on the Korea Exchange on October 14, 2026 at 9:39 a.m. KST. Its market capitalization was KRW 1.7 trillion and its 52-week range was KRW 74,100.00 to KRW 222,000.00 on the same date, putting the current price 10.39 percent above the 52-week low.