HBAYF - Hudson's Bay Company

Other OTC - Other OTC Delayed Price. Currency in USD
6.85
-0.23 (-3.27%)
As of 1:24PM EST. Market open.
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Previous Close7.08
Open7.04
Bid0.00 x 0
Ask0.00 x 0
Day's Range6.85 - 7.04
52 Week Range4.70 - 8.07
Volume31,850
Avg. Volume14,223
Market Cap1.267B
Beta (3Y Monthly)1.86
PE Ratio (TTM)N/A
EPS (TTM)-2.42
Earnings DateN/A
Forward Dividend & Yield0.04 (0.51%)
Ex-Dividend Date2019-09-27
1y Target EstN/A
  • Reuters

    UPDATE 1-Hudson's Bay going private deal faces Catalyst hurdle

    Hudson's Bay Co shareholder Catalyst Capital Group Inc has opposed an agreed deal by the struggling Canadian department store operator with a group led by executive chairman Richard Baker to be taken private. Catalyst and other investors holding about 28.24% of shares of Hudson's Bay intend to vote against the agreement, the private equity firm said on Thursday. Catalyst, which controls about 17.49% of Hudson's outstanding shares, said it is also prepared to work towards an offer for the company at "financially superior" terms to the current bid.

  • Hudson's Bay going private deal faces Catalyst hurdle
    Reuters

    Hudson's Bay going private deal faces Catalyst hurdle

    Catalyst and other investors holding about 28.24% of shares of Hudson's Bay intend to vote against the agreement, the private equity firm said on Thursday. Catalyst, which controls about 17.49% of Hudson's outstanding shares, said it is also prepared to work towards an offer for the company at "financially superior" terms to the current bid.

  • CORRECTED-UPDATE 3-Saks Fifth Avenue owner Hudson's Bay in $1.5 bln deal to go private
    Reuters

    CORRECTED-UPDATE 3-Saks Fifth Avenue owner Hudson's Bay in $1.5 bln deal to go private

    Saks Fifth Avenue owner Hudson's Bay Co said on Monday it agreed to a sweetened C$1.9 billion ($1.5 billion) offer from a shareholder group led by executive chairman Richard Baker to take the struggling Canadian department store operator private. The deal comes seven years after Baker took Hudson's Bay public and values the company at just a third of its 2015 worth, reflecting the challenges facing brick-and-mortal retail chains amid the rising popularity of online shopping. Shareholders led by Baker who collectively own 57% of Hudson's Bay, including private equity firm Rhone Capital LLC and office-space sharing start-up WeWork's property arm, unveiled a C$9.45 per share bid in June to buy the company from its remaining shareholders.

  • Reuters

    Saks Fifth Avenue owner Hudson's Bay in $1.5 billion deal to go private

    The deal comes seven years after Baker took Hudson's Bay public and values the company at just a third of its 2015 worth, reflecting the challenges facing brick-and-mortal retail chains amid the rising popularity of online shopping. Shareholders led by Baker who collectively own 57% of Hudson's Bay, including private equity firm Rhone Capital LLC and office-space sharing start-up WeWork's property arm, unveiled a C$9.45 per share bid in June to buy the company from its remaining shareholders. In response, Hudson's Bay formed a special committee of independent directors to evaluate the offer and negotiate with the consortium.

  • MarketWatch

    Saks Fifth Avenue parent Hudson's Bay Co. to be taken private for C$10.30 per share

    Hudson's Bay Co. said Monday that it will be taken private by a group of shareholders for C$10.30, about a 62% premium to the department store company's closing share price on the Toronto Stock Exchange on June 7, 2019. That was the last day before the initial proposal to go private. The price is a 9% increase over the initial proposal of C$9.45 per share. Hudson's Bay's portfolio includes Saks Fifth Avenue. In August, the company announced that it was selling its Lord & Taylor brand to a clothing rental subscription company, Le Tote, for $100 million. That came after the company shuttered or sold some of the store's locations, including the iconic Fifth Avenue Lord & Taylor shop. The company reported a sales miss in its most recent earnings. Hudson's Bay expects to hold a special meeting in December 2019. Shares are up 29.6% for the year to date while the S&P 500 index has gained 19.1% for the period.

  • Large-scale credit card hackers back for the holiday season, ex-FBI investigator says
    Yahoo Finance

    Large-scale credit card hackers back for the holiday season, ex-FBI investigator says

    Credit card hacker group FIN7 has returned after a year of laying low. In the past the group stole card info from Chipotle, Chili's Arby's red Robin, Sonic, Trump Hotels, Whole Foods, and Hudson Bay stores.

  • Reuters

    Hudson's Bay shareholder calls Chairman Baker's take-private offer inadequate

    The board should have J.P. Morgan Securities and Centerview Partners do a fair value of the retailer's real estate, said Paradise Developments, which has been a shareholder since August 2019. Activist shareholder Jonathan Litt in June lambasted the bid as "woefully inadequate" and said the company was worth double the group's offer of C$9.45 per share. A special panel of Hudson's Bay reviewing the offer proposed by Chairman Richard Baker and a group of shareholders has said it was inadequate based on an initial analysis.

  • Hudson's Bay Co loss widens on 'hyper-promotional' retail environment
    Reuters

    Hudson's Bay Co loss widens on 'hyper-promotional' retail environment

    Hudson's Bay said its luxury department store chain Saks Fifth Avenue felt the biggest effect from a "hyper-promotional" retail environment. Over the past few years, Hudson's Bay has been closing stores and selling units to focus on Saks Fifth Avenue and Hudson's Bay in Canada. Last month, Hudson's Bay said it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for about $100 million, the latest divestiture.

  • Reuters

    UPDATE 4-Hudson's Bay Co loss widens on 'hyper-promotional' retail environment

    Canadian department store operator Hudson's Bay Co reported a wider second-quarter loss on Thursday, hurt by store closures, deep discounts and declining sales at the retailer's name brand. Hudson's Bay said its luxury department store chain Saks Fifth Avenue felt the biggest effect from a "hyper-promotional" retail environment. Over the past few years, Hudson's Bay has been closing stores and selling units to focus on Saks Fifth Avenue and Hudson's Bay in Canada.

  • ACCESSWIRE

    Hudson's Bay Co. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / September 12, 2019 / Hudson's Bay Co. (TSX: HBAYF ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on September 12, 2019 at 8:30 ...

  • Reuters

    UPDATE 1-Private equity firm Catalyst now holds about 16% of Hudson's Bay shares

    Catalyst Capital Group Inc holds roughly 16% of Hudson's Bay Co shares after investors took part in its tender offer, bolstering the buyout firm's position against a take-private deal, according to a Canadian securities filing made on Tuesday. Catalyst said in August it had acquired about 10% of the department store retailer's stock, but had not disclosed its total holdings. The private equity firm will continue opposing a C$1.74 billion offer from Hudson's Bay's executive chairman, Richard Baker, according to the filing.

  • Reuters

    Private equity firm Catalyst now holds about 16% of Hudson's Bay shares

    Catalyst Capital Group Inc holds roughly 16% of Hudson's Bay Co shares after investors took part in its tender offer, bolstering the buyout firm's position against a take-private deal, according to a Canadian securities filing made on Tuesday. Catalyst said in August it had acquired about 10% of the department store retailer's stock, but had not disclosed its total holdings. The private equity firm will continue opposing a C$1.74 billion offer from Hudson's Bay's executive chairman, Richard Baker, according to the filing.

  • Hudson's Bay Is Paying Le Tote to Take Lord & Taylor
    Motley Fool

    Hudson's Bay Is Paying Le Tote to Take Lord & Taylor

    A small fashion-rental start-up is buying the oldest major department store chain in the United States.

  • Lord & Taylor News: Hudson’s Bay to Sell Retailer to Le Tote
    InvestorPlace

    Lord & Taylor News: Hudson’s Bay to Sell Retailer to Le Tote

    Lord & Taylor news for Wednesday includes the retailer being sold by Hudson's Bay (OTCMKTS:HBAYF).Source: DW labs Incorporated / Shutterstock.com This Lord & Taylor news will have apparel rental company Le Tote picking up the retailer for $75 million in cash. The finances need to fund this transaction are still in the process of being acquired. Hudson's Bay can terminate the agreement if Le Tote doesn't get the financing within 45 days.The deal also has some other benefits for Hudson's Bay besides the cash payment. Among these is secured promissory note for $33.2 million in cash payable in two years. It will also gain an equity stake in Le Tote and two seats on the company's Board of Directors. Plus it gets additional rights as a minority shareholder.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis deal has Le Tote gaining gaining all intellectual property in connection with Lord & Taylor. It also covers the chain's 38 stores, digital channels and all of the retail brand's inventory. What it doesn't cover is the owned and ground-leased real estate assets connected to the retail brand. Hudson's Bay and HBS Global Properties will be retaining ownership of this.The Lord & Taylor news release also notes that Le Tote won't be responsible for paying rent at first, either. Instead, Hudson's Bay will cover this for at least the first three years. This will have it covering $77 million in cash for rent of Lord & Taylor locations each year. * 7 Tech Industry Dividend Stocks for Growth and Income Lord & Taylor employees with concerns about the deal likely won't have anything to worry about. Le Tote says that it is planning to "extend employment offers to the vast majority" of the retail chain's associates.HBAYF stock was up 1% as of noon Wednesday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street As of this writing, William White did not hold a position in any of the aforementioned securities.The post Lord & Taylor News: Hudson's Bay to Sell Retailer to Le Tote appeared first on InvestorPlace.

  • Hudson's Bay to sell Lord + Taylor for $100 million
    Reuters

    Hudson's Bay to sell Lord + Taylor for $100 million

    The retail company has been selling businesses and closing stores over the past few years to focus on luxury department store chain Saks Fifth Avenue and Hudson's Bay in Canada to shore up its finances as shoppers skip brick-and-mortar stores to shop online instead. Le Tote will pay Hudson's Bay C$99.5 million ($74.95 million) in cash when the deal closes and another C$33.2 million ($25.01 million) in cash after two years. Hudson's Bay will receive a 25% equity stake in Le Tote and two seats on the company's board.