Hudson's Bay Co (TSE:HBC) Announces $0.01 Quarterly Dividend

Hudson's Bay Co (TSE:HBC) declared a quarterly dividend on Wednesday, December 6th, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.013 per share on Monday, January 15th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Thursday, December 28th.

Hudson's Bay (HBC) traded up C$0.09 during midday trading on Thursday, reaching C$11.73. The company had a trading volume of 357,200 shares, compared to its average volume of 362,171. Hudson's Bay has a one year low of C$8.08 and a one year high of C$13.43. The stock has a market cap of $2,130.00, a PE ratio of -2.62 and a beta of 1.21.

Hudson's Bay (TSE:HBC) last released its quarterly earnings data on Wednesday, December 6th. The company reported C($1.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.69) by C($0.42). Hudson's Bay had a negative return on equity of 53.94% and a negative net margin of 7.69%.

Several equities analysts have commented on HBC shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$25.00 price objective on shares of Hudson's Bay in a research report on Tuesday, November 14th. Royal Bank of Canada upped their price objective on Hudson's Bay from C$10.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. National Bank Financial upped their target price on Hudson's Bay from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. CIBC upped their target price on Hudson's Bay from C$12.50 to C$14.00 in a report on Wednesday, October 25th. Finally, Scotiabank lowered their target price on Hudson's Bay from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a report on Thursday, December 7th. Nine analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of C$11.72.

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Hudson's Bay Company Profile

Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.

Dividend History for Hudson's Bay (TSE:HBC)

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