Consider that the Saks Fifth Avenue store between 49th Street and 50th Street, across from Rockefeller Center, was recently appraised at C$16 per share net of debt, and is likely one of the most valuable locations not only in Manhattan, but in the United States.
Other research analysts have also issued research reports about the company. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Hudson's Bay Co has a 1-year low of $8.08 and a 1-year high of $18.60. Royal Bank Of Canada now has a C$9.00 price target on the stock, down from their previous price target of C$13.00. The company reported ($1.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by $0.49. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Scotiabank restated a sector perform rating and issued a C$14.50 price objective on shares of Hudson's Bay Co in a report on Wednesday, April 5th.
Hudson's Bay Co (TSE:HBC) last announced its earnings results on Thursday, June 8th. Finally, CSFB lowered shares of Hudson's Bay Co from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from C$23.00 to C$12.00 in a research note on Friday, April 21st. The stock presently has an average rating of Hold and a consensus target price of C$13.50. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation.
Hudson's Bay Company (HBC) is a Canada-based department store retailer.
"You have to change both the company, the operating side of things, as well as developing the real estate - which takes capital expenditures, as well".
Land & Buildings added that unlike its peers, Hudson's Bay owns the vast majority of its real estate. Or office? Or boutique retail stores the likes of Apple and Gucci?