Insider Selling: Hudson's Bay Co (HBC) Insider Sells 67,844 Shares of Stock

Hudson's Bay Co (TSE:HBC) insider L&T B. (Cayman) Inc. sold 67,844 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of C$11.72, for a total value of C$795,131.68.

Hudson's Bay Co (HBC) traded down C$0.15 during midday trading on Friday, hitting C$11.58. 288,497 shares of the company traded hands, compared to its average volume of 356,908. Hudson's Bay Co has a twelve month low of C$8.08 and a twelve month high of C$13.43. The company has a market capitalization of $2,130.00, a PE ratio of -2.58 and a beta of 1.21.

Hudson's Bay (TSE:HBC) last released its earnings results on Wednesday, December 6th. The company reported C($1.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a dividend of $0.013 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, December 28th. Hudson's Bay’s dividend payout ratio is -2.79%.

Several equities research analysts have recently issued reports on HBC shares. CIBC lowered their price target on Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday, December 7th. Cowen reduced their target price on shares of Hudson's Bay from C$14.00 to C$12.00 in a research note on Thursday, December 7th. TD Securities increased their target price on shares of Hudson's Bay from C$12.50 to C$13.50 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity reduced their target price on shares of Hudson's Bay from C$12.00 to C$11.00 and set a “hold” rating for the company in a research note on Thursday, December 7th. Finally, BMO Capital Markets cut shares of Hudson's Bay from an “outperform” rating to a “market perform” rating and set a C$11.00 target price for the company. in a research note on Friday, December 8th. Nine research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price 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.

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