HBC.TO - Hudson's Bay Company

Toronto - Toronto Delayed Price. Currency in CAD
9.08
-0.29 (-3.09%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close9.37
Open9.37
Bid9.05 x 0
Ask9.10 x 0
Day's Range9.02 - 9.43
52 Week Range6.22 - 10.76
Volume414,707
Avg. Volume317,614
Market Cap1.674B
Beta (3Y Monthly)1.86
PE Ratio (TTM)N/A
EPS (TTM)-2.49
Earnings DateDec 3, 2019 - Dec 9, 2019
Forward Dividend & Yield0.05 (0.52%)
Ex-Dividend Date2019-09-27
1y Target Est10.71
  • Business Wire

    Appraisals of Hudson’s Bay Company’s Real Estate Portfolio Available at HBC.com

    The appraisals were prepared by independent real estate appraisal firms to support the independent valuation of the common shares of HBC prepared by TD Securities Inc. under the supervision of the Special Committee as part of its evaluation of the proposed privatization of Hudson’s Bay Company. The independent valuation is appended to the Management Information Circular of HBC prepared in connection with the Special Meeting of shareholders scheduled for December 17, 2019.

  • Business Wire

    Hudson’s Bay Company Announces Filing of Management Information Circular for Shareholders Meeting to Approve Privatization Transaction

    The purpose of the Special Meeting is to obtain shareholder approval of a transaction in which Hudson’s Bay Company will become a private company, owned by certain continuing shareholders (the “Continuing Shareholders”), and the Company’s other shareholders (the “Minority Shareholders”) will receive $10.30 in cash per share. This transaction is being recommended by a Special Committee of independent directors (the “Special Committee”).

  • Business Wire

    HBC Closes Sale of Lord + Taylor to Le Tote

    Hudson's Bay Company (HBC.TO) successfully completed the sale of Lord + Taylor to Le Tote, Inc., a leading fashion rental subscription service, for $99.5 million (USD$75 million) in cash and a secured promissory note for $32.2 million (USD$25 million) payable in cash after two years, subject to customary adjustments. HBC now holds an equity stake of approximately 25% in Le Tote, and a right to designate two members to Le Tote’s Board of Directors. Le Tote has acquired the Lord + Taylor brand and related intellectual property, as well as assumed operations of 38 stores, Lord + Taylor digital channels and the associated inventory.

  • 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.

  • CNW Group

    Catalyst Announces Substantial Shareholder Opposition to Richard Baker Led Insider Issuer Bid for Hudson's Bay Company Shares

    Catalyst Announces Substantial Shareholder Opposition to Richard Baker Led Insider Issuer Bid for Hudson's Bay Company Shares

  • 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.

  • Business Wire

    Hudson’s Bay Company Agrees to Be Taken Private at $10.30 per Share

    Hudson's Bay Company (HBC.TO) ("HBC" or the “Company”) today announced that, based on the unanimous recommendation of an independent Special Committee of its Board of Directors (the “Special Committee”) following an extensive review and analysis, it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with a group of HBC shareholders (the “Shareholder Group”) to take the Company private.

  • Leesa Sleep and Hudson's Bay Donate 500 Leesa Mattresses to Canadians supported by the Canadian Mental Health Association
    CNW Group

    Leesa Sleep and Hudson's Bay Donate 500 Leesa Mattresses to Canadians supported by the Canadian Mental Health Association

    Leesa Sleep and Hudson's Bay Donate 500 Leesa Mattresses to Canadians supported by the Canadian Mental Health Association

  • 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.

  • GlobeNewswire

    Paradise Developments Delivers Letter to the Special Committee of HBC

    Paradise Developments, a long-term shareholder of HBC (the “Company”)(TSX:HBC) today announced that it has delivered a letter to the Special Committee of the Company's Board of Directors related to the non-binding proposal by a group of HBC shareholders to take the company private at $9.45 per share. The full text of the body of the letter follows below.

  • Business Wire

    HBC Closes Sale of European Real Estate and Retail Joint Ventures

    HBC (HBC.TO) successfully completed the sale of the company’s remaining stakes in its European real estate and retail joint ventures to its partner, SIGNA Retail, for a total consideration of approximately $1.5 billion (€1 billion). HBC permanently repaid its outstanding $429 million term loan, strengthening the balance sheet. The company has assumed full ownership of the Netherlands retail business and the associated guaranteed rent obligations.

  • Thomson Reuters StreetEvents

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

    Q2 2019 Hudson's Bay Co Earnings Call

  • 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.