HBC.TO - Hudson's Bay Company

Toronto - Toronto Delayed Price. Currency in CAD
9.66
+0.32 (+3.43%)
At close: 4:00PM EDT
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Previous Close9.34
Open9.39
Bid9.46 x 0
Ask9.68 x 0
Day's Range9.24 - 9.69
52 Week Range6.22 - 12.05
Volume1,136,056
Avg. Volume329,196
Market Cap2.27B
Beta (3Y Monthly)1.61
PE Ratio (TTM)33.54
EPS (TTM)0.29
Earnings DateSep 10, 2019 - Sep 16, 2019
Forward Dividend & Yield0.05 (0.67%)
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 Video6 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.

  • Reuters3 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 Wire3 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 Times3 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's4 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 Fool5 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 Fool5 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
    Bloomberg6 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
    Bloomberg6 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.

  • Reuters6 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.

  • Reuters6 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 Wire6 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 Wire6 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

  • Business Wire6 days ago

    HBC Agrees to Sell Remaining European Real Estate and Divest Related Retail Joint Venture for $1.5 Billion

    HBC (TSX: HBC) has entered into definitive agreements to sell the company’s remaining stake in its German real estate joint venture, and divest its related retail joint venture to its partner, SIGNA, along with assumption of certain obligations for a total consideration of $1.5 billion (€1 billion). A portion of the transaction’s net proceeds will be used to fortify HBC’s balance sheet by fully repaying its outstanding $436 million term loan.

  • CNW Group6 days ago

    IIROC Trading Halt - HBC

    IIROC Trading Halt - HBC

  • Financial Times6 days ago

    Hudson’s Bay chairman launches bid to take retailer private

    A group of Hudson’s Bay shareholders, led by the retailer’s chairman, announced plans on Monday to take the company behind Saks Fifth Avenue private in a C$1.74bn ($1.31bn) cash deal. Richard Baker, along with a consortium of investors who collectively owns 57 per cent of HBC, is offering to buy out HBC’s remaining shareholders for C$9.45 a share. The offer price represents a 48 per cent premium to the Canadian retailer’s closing share price on the Toronto Stock Exchange on Friday.

  • Reuterslast month

    WeWork starts $2.9 billion property platform with Canada's CDPQ

    The We Company, parent of workspace provider WeWork, said on Wednesday it has created a $2.9 billion real estate investment platform with funding from one of Canada's largest pension funds, building on ties with private equity firm the Rhone Group. The platform, called ARK, has gained $1 billion from Canada's Ivanhoe Cambridge, the property arm of Caisse de dépôt et placement du Québec, the Montreal-based company said. WeWork is at the forefront of a structural shift in how real estate is bought, leased and consumed that will leave behind the landlords and investors who ignore the disruption, said Jonathan Pearce, and executive vice president at Ivanhoe Cambridge.

  • Reuterslast month

    Hudson's Bay to pay C$4.5 mln to settle with Canada's competition watchdog

    Hudson's Bay Co will pay C$4.5 million ($3.34 million)to settle a case related to the departmental store chain's advertising and pricing practices for its sleepwear sets, the Competition Bureau said on Wednesday. As part of a consent agreement registered with the Competition Tribunal, Hudson's Bay will also ensure that the marketing of all sleep sets complies with provisions of the Competition Act, it said in a statement. Hudson's Bay offered sleep sets at "inflated regular prices" and then advertised deep discounts on these prices, suggesting significant savings to consumers, the bureau said.

  • Is Hudson's Bay Finally Giving Up on Lord & Taylor?
    Motley Foollast month

    Is Hudson's Bay Finally Giving Up on Lord & Taylor?

    The department store operator is likely to get rid of its struggling Lord & Taylor chain, one way or another.

  • Reuterslast month

    PRESS DIGEST- Canada- May 7

    The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Hudson's Bay Co said on Monday it ...

  • Reuterslast month

    PRESS DIGEST - Wall Street Journal - May 7

    The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Prospects for a speedy conclusion to the U.S.-China trade fight ...

  • MarketWatchlast month

    Hudson's Bay Co. pursuing strategic alternatives for Lord & Taylor, including sale

    Hudson's Bay Co. said Monday that it is pursuing strategic alternatives for its Lord & Taylor department store business, including a sale or merger. On a day when most other retail stocks were down, Hudson's Bay shares were up 2.7% after the news. In a statement, Chief Executive Helena Foulkes said the company has taken a number of steps "that have resulted in a far stronger, more capable HBC." In June 2018, Hudson's Bay announced that Lord & Taylor was vacating its iconic Fifth Avenue store in Manhattan to make way for WeWork, and announced plans to shutter up to 10 stores through 2019 as it focused on the digital business. Hudson's Bay's other department store chains include Saks Fifth Avenue and Saks Off 5th. Hudson's Bay shares are up 4.1% for the year to date while the ProShares Decline of the Retail Store ETF is down 7% for the period and the S&P 500 index is up 16.5%.

  • Lord & Taylor may be put on the block soon
    Associated Presslast month

    Lord & Taylor may be put on the block soon

    Lord & Taylor, one of the country's oldest department stores, may be put up for sale. Hudson's Bay, which owns Lord & Taylor and Saks Fifth Avenue, said Monday that it hired a financial adviser to review Lord & Taylor's business and that the process may lead to a sale or merger. Lord & Taylor traces its origins to more than 190 years ago, when it was founded as a dry goods store in 1826.