Hudson's Bay (HBC) Trading Down 6% Following Insider Selling

Hudson's Bay Co (TSE:HBC) traded down 6% on Monday following insider selling activity. The company traded as low as C$10.35 and last traded at C$10.37. 503,278 shares were traded during trading, an increase of 39% from the average session volume of 362,966 shares. The stock had previously closed at C$11.03.

Specifically, Director Robert C. Baker sold 13,400 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$11.30, for a total transaction of C$151,420.00. Also, insider L&T B. (Cayman) Inc. sold 67,844 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of C$11.72, for a total value of C$795,131.68. Over the last ninety days, insiders have sold 672,544 shares of company stock worth $7,550,502.

A number of equities analysts have recently issued reports on the company. National Bank Financial upped their price target on Hudson's Bay from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. CIBC upped their price target on Hudson's Bay from C$12.50 to C$14.00 in a research report on Wednesday, October 25th. Cowen reduced their price target on Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday, December 7th. Royal Bank of Canada reduced their price target on Hudson's Bay from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 7th. Finally, BMO Capital Markets downgraded Hudson's Bay from an “outperform” rating to a “market perform” rating and set a C$11.00 price target on the stock. in a research report on Friday, December 8th. Nine analysts have rated the stock with a hold rating, Hudson's Bay currently has an average rating of “Hold” and a consensus price target of C$11.72.

The firm has a market capitalization of $1,900.00, a price-to-earnings ratio of -2.33 and a beta of 1.21.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, December 28th. Hudson's Bay’s dividend payout ratio (DPR) is presently -2.79%.

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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.

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