HBC.TO - Hudson's Bay Company

Toronto - Toronto Delayed Price. Currency in CAD
9.81
+0.08 (+0.82%)
At close: 4:00PM EDT
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Previous Close9.73
Open9.75
Bid9.80 x 0
Ask9.82 x 0
Day's Range9.56 - 9.83
52 Week Range6.22 - 12.05
Volume729,463
Avg. Volume409,829
Market Cap2.306B
Beta (3Y Monthly)1.61
PE Ratio (TTM)34.06
EPS (TTM)0.29
Earnings DateSep 10, 2019 - Sep 16, 2019
Forward Dividend & Yield0.05 (0.53%)
Ex-Dividend Date2019-06-27
1y Target Est10.25
  • Top Trending: Insys files for bankruptcy, Hudson's Bay offers to go private and more
    Yahoo Finance Video15 days ago

    Top Trending: Insys files for bankruptcy, Hudson's Bay offers to go private and more

    Yahoo Finance's Adam Shapiro fills you in on the top trending news stories that you need to know.

  • Reutersyesterday

    RPT-FOCUS-Hudson's Bay's chairman's buyout bid pits retail vs real estate

    The success of Hudson's Bay Co Executive Chairman Richard Baker's $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said. Much of Hudson's Bay's value is locked up in its real estate. Baker's buyout consortium, which already owns 57% of Hudson's Bay, has made a C$9.45 per share offer for the remainder of the Canadian company, a 48% premium to where the stock was trading before the announcement.

  • Hudson's Bay's chairman's buyout bid pits retail vs real estate
    Reuters2 days ago

    Hudson's Bay's chairman's buyout bid pits retail vs real estate

    Much of Hudson's Bay's value is locked up in its real estate. Baker's buyout consortium, which already owns 57% of Hudson's Bay, has made a C$9.45 per share offer for the remainder of the Canadian company, a 48% premium to where the stock was trading before the announcement. Hudson's Bay shares ended trading on Friday at C$9.73, above the C$9.45 offer price, as investors bet on a sweetened bid.

  • Thomson Reuters StreetEvents4 days ago

    Edited Transcript of HBC.TO earnings conference call or presentation 13-Jun-19 12:30pm GMT

    Q1 2019 Hudson's Bay Co Earnings Call

  • Business Wire6 days ago

    HBC Announces Election of Directors

    HBC announced that all of the nominees listed in its management information circular dated May 15, 2019 were elected as directors of HBC at the annual meeting of shareholders held today in Toronto.

  • Reuters7 days ago

    Investor Litt says Hudson's Bay worth double chairman's C$1.74 billion bid

    The shareholder group, which collectively owns 57% stake in the struggling retailer, made an offer last week to buy the company for C$9.45 per share, with plans to fund the deal using some of the proceeds from asset sales. Litt's Land and Buildings and other shareholders have long criticized Hudson's Bay for not doing enough to capitalize on the value of its properties. Hudson's Bay real estate was worth as much as $6.4 billion or $35.24 per share, the company said in 2017.

  • Chairman’s Bid for Hudson’s Bay ‘Woefully Inadequate,’ Litt Says
    Bloomberg7 days ago

    Chairman’s Bid for Hudson’s Bay ‘Woefully Inadequate,’ Litt Says

    (Bloomberg) -- Activist investor Land & Buildings Investment Management has often pushed for change at struggling Hudson’s Bay Co. But not just any change will do -- especially not the chairman’s “woefully inadequate offer” to take the retailer private.The New York hedge fund, run by Jonathan Litt, came out swinging Tuesday against the C$9.45-a-share bid announced last week by Richard Baker and other investors for the remaining stock of Hudson’s Bay. The shares fell 2.2% to C$10.03 at 9:40 a.m. in Toronto on Tuesday. “We want to be clear: this offer materially undervalues the exceptional assets the company owns,” Litt wrote in a letter to the special committee at HBC charged with evaluating the offer. Instead, Litt urged the company to hire “a truly independent investment bank” and consider other strategic alternatives for the company “given the iconic nature of HBC’s real estate that would attract a deep potential buyer pool.”A representative for HBC didn’t immediately reply to a request for comment.A sale -- to Baker’s coalition or another buyer -- could be a next step in Chief Executive Officer Helena Foulkes’s everything-is-on-the-table approach to turning Hudson’s Bay around. The company has already divested flash-sale website Gilt, slashed costs by cutting jobs, unloaded a minority stake to Rhone Capital and sold its iconic Lord & Taylor building in Manhattan to WeWork for $850 million. But it’s been to no avail -- the stock has lost more than half its value since 2012.Litt also took issue with the buyout group’s planned purchase of 10% of HBC’s common shares from Ontario Teachers’ Pension Plan Board for the same C$9.45 price, announced in January. With that stake, Litt said Baker’s group’s total ownership of the company would have been 65%, not the 58% disclosed in filings, and that the deal would “likely be highly scrutinized by the Ontario Securities Commission.”About 30 minutes after Litt’s letter was published, Baker and the Ontario Teachers’ Pension Plan Board announced in a statement plans to terminate their previous deal. The majority of the minority shareholders still need to approve the proposed transaction, and by ending the deal with Baker, Ontario Teachers would still be considered a minority holder and would have a vote.(Adds share trading in third paragraph.)\--With assistance from Sandrine Rastello, Scott Deveau and Jonathan Roeder.To contact the reporter on this story: Anne Riley Moffat in New York at ariley17@bloomberg.netTo contact the editor responsible for this story: Crayton Harrison at tharrison5@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters7 days ago

    UPDATE 2-Investor Litt says Hudson's Bay worth double chairman's C$1.74 bln bid

    Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson's Bay Co private as "woefully inadequate" on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer. The shareholder group, which collectively owns 57% stake in the struggling retailer, made an offer last week to buy the company for C$9.45 per share, with plans to fund the deal using some of the proceeds from asset sales. Litt, however, said if the buyout group used all the proceeds from asset sales, rather than a part of it, it could raise the offer to C$18 per share.

  • Business Wire8 days ago

    HBC’s Chief Financial Officer to Take Medical Leave of Absence

    Becky Roof Appointed Interim CFO

  • Reuters12 days ago

    Hudson's Bay Co sales slump, optimistic about China trade impact

    Shares of the company were up about 1% at C$9.39 in afternoon trading. Hudson's Bay, which also owns Saks Fifth Avenue, said earlier this week it is evaluating a C$1.74 billion ($1.3 billion) take-private cash offer as it competes with discount direct-to-consumer brands and e-commerce behemoths like Amazon.com Inc. The offer was put together by Executive Chairman Richard Baker and the retailer's other shareholders.

  • Business Wire12 days ago

    HBC Reports First Quarter 2019 Financial Results

    TORONTO & NEW YORK-- -- Revenues totaled $2.1 billion, with comparable sales up 0.3%, excluding Home Outfitters and Lord + Taylor currently undergoing a review of strategic alternatives Saks Fifth Avenue comparable sales up 2.4%, continuing to deliver industry-leading results with a two-year stacked comp of 8.4% Saks OFF 5TH returned to growth, with a 4.4% comp in the first quarter Net income of $275 ...

  • Financial Times12 days ago

    Hudson’s Bay sales slide as chairman pursues take-private bid

    Hudson’s Bay swung into a profit during the first quarter thanks to asset sale gains. HBC, which owns Saks Fifth Avenue along with Lord & Taylor, the US department store chain that it is trying to sell, saw comparable sales drop 2.1 per cent during the three months to May 4.

  • Moody's13 days ago

    Hudson's Bay Company -- Moody's announces completion of a periodic review of ratings of Hudson's Bay Company

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hudson's Bay Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Hudson's Bay Stock Soars 43% on Buyout Interest and Exit From Europe
    Motley Fool14 days ago

    Hudson's Bay Stock Soars 43% on Buyout Interest and Exit From Europe

    The multinational department store conglomerate is downsizing once again -- and its top shareholders want to take the company private.

  • Lord & Taylor Confirms 2 More Store Closures: More Will Follow
    Motley Fool14 days ago

    Lord & Taylor Confirms 2 More Store Closures: More Will Follow

    The struggling department store chain can't afford to keep operating stores in failing malls.

  • Saks Parent Shouldn’t Fight a Buyout Like Nordstrom Did
    Bloomberg15 days ago

    Saks Parent Shouldn’t Fight a Buyout Like Nordstrom Did

    The company announced a deal to sell its German real estate and retail joint ventures for about $1.5 billion, allowing it to focus more on its core North American business, which includes its eponymous department-store chain and Saks Fifth Avenue. Richard Baker, the company’s chairman and one-time CEO, is part of a coalition that has proposed a cash deal of about about C$1.74 billion ($1.3 billion), or C$9.45 per share, a price the company said would represent a 48% premium over where shares closed on Friday. Nordstrom Inc., a close retailing cousin to Hudson’s Bay, said back in June 2017 that it was exploring a take-private transaction.

  • Hudson’s Bay Chairman Offers Escape Path From Retail’s Carnage
    Bloomberg15 days ago

    Hudson’s Bay Chairman Offers Escape Path From Retail’s Carnage

    Hudson’s Bay Co. has tried everything to appease shareholders, from cutting costs to selling off assets. None of it has halted the stock’s steady decline, so Chairman Richard Baker is stepping in with a cash bid valued at about C$1.74 billion ($1.31 billion) to take the company private. Baker is teaming up with investors, including Rhone Capital LLC and WeWork Property Advisors, to offer C$9.45 a share for the remaining stock of Hudson’s Bay.

  • Reuters15 days ago

    UPDATE 3-Hudson's Bay chairman puts together $1.3 bln offer for retailer

    Hudson's Bay Co Executive Chairman Richard Baker said on Monday he had teamed up with other shareholders to offer to take the struggling Canadian department store operator private in a C$1.74 billion ($1.3 billion) cash deal. The proposal comes as Hudson's Bay has been shuttering its underperforming shops to cut costs as it competes with discount direct-to-consumer brands and e-commerce behemoths such as Amazon.com Inc. It opens up Baker to investor scrutiny, given that the buyout consortium he put together is made up of shareholders who already own 57% of the company.

  • Reuters15 days ago

    Hudson's Bay chairman puts together $1.3 billion offer for retailer

    The proposal comes as Hudson's Bay has been shuttering its underperforming shops to cut costs as it competes with discount direct-to-consumer brands and e-commerce behemoths such as Amazon.com Inc. It opens up Baker to investor scrutiny, given that the buyout consortium he put together is made up of shareholders who already own 57% of the company. Hudson's Bay said it had set up an independent board committee to evaluate the offer, which is subject to a vote by a majority of shareholders not affiliated with Baker's bid.

  • Business Wire15 days ago

    HBC Announces Formation of Special Committee of Independent Directors to Review Proposal from Shareholder Group

    HBC (HBC.TO) announced that its Board of Directors has formed a Special Committee of independent directors to review the June 10, 2019 proposal from a group of HBC shareholders for the privatization of the Company at a price of C$9.45 per share, payable in cash. The group disclosed that they collectively own approximately 57% of the outstanding common shares of HBC on an as-converted basis.

  • Business Wire15 days ago

    Shareholders Collectively Owning 57% of Hudson’s Bay Company’s Outstanding Common Shares Submit Take-Private Proposal for C$9.45 per Share in Cash

    Proposed Transaction Delivers Substantial 48% Premium, Provides Immediate and Certain Value to HBC Public Shareholders