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Last C$22.79 CAD
Change Today -0.05 / -0.22%
Volume 733.0K
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

hudson's bay co (HBC) Snapshot

Open
C$22.82
Previous Close
C$22.84
Day High
C$22.92
Day Low
C$22.52
52 Week High
06/23/15 - C$29.52
52 Week Low
09/2/14 - C$16.44
Market Cap
4.2B
Average Volume 10 Days
678.8K
EPS TTM
C$0.50
Shares Outstanding
182.1M
EX-Date
06/26/15
P/E TM
45.6x
Dividend
C$0.20
Dividend Yield
0.88%
Current Stock Chart for HUDSON'S BAY CO (HBC)

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hudson's bay co (HBC) Details

Hudson’s Bay Company owns and operates department stores in Canada and the United States. The company’s stores offer an assortment of apparel, accessories, shoes, beauty, and home merchandise. As of May 6, 2015, it operated 90 full-line department stores and 2 outlet stores under the Hudson’s Bay name; 50 full-line department stores and 4 outlet stores under the Lord & Taylor name; 39 stores and 5 international licensed stores under the Saks Fifth Avenue name; 81 stores under the Saks Fifth Avenue OFF 5TH name; and 67 kitchen, bed, and bath specialty superstores under the Home Outfitters name. The company also operates through various Websites, such as thebay.com, saks.com, saksoff5th.com, and lordandtaylor.com. Hudson’s Bay Company was founded in 1670 and is headquartered in Toronto, Canada.

44,500 Employees
Last Reported Date: 04/7/15
Founded in 1670

hudson's bay co (HBC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: C$96.2K
Executive Chairman, Governor, Member of Corpo...
Total Annual Compensation: C$600.0K
Chief Financial Officer
Total Annual Compensation: C$555.5K
President of HBC International
Total Annual Compensation: C$1.3M
President of HBC Digital
Total Annual Compensation: C$613.0K
Compensation as of Fiscal Year 2014.

hudson's bay co (HBC) Key Developments

Hudson's Bay Company Appoints Janet Schalk as Chief Information Officer

Hudson's Bay Company announced the appointment of Janet Schalk to Chief Information Officer. In this role, Ms. Schalk will be responsible for leading the information technology strategy for HBC, while continuing to drive the Company's roadmap of common systems, integrated support, business architecture and analytics. Ms. Schalk brings more than 10 years of senior leadership experience in the information technology field and is a recognized leader in innovation and emerging technologies, with a strong foundation in customer service. Janet is a proven leader, and her success in creating a strategic information technology function that drives customer engagement across all channels will be critical in advancing HBC's IT systems and supporting the Company's growth. Ms. Schalk joins HBC's Executive Leadership Team and will report directly to the Office of the Chairman, comprising Richard Baker, Chairman and Governor, and Jerry Storch, CEO. Prior to joining HBC, Ms. Schalk served as Executive Vice President and CIO for Kohl's. Previous to Kohl's, Ms. Schalk spent four years as EVP and head of Global IT for Target Corporation.

Riocan And Hudson's Mulls Acquisitions

Riocan Real Estate Investment Trust (TSX:REI.UN) and Hudson's Bay Company (TSX:HBC) intends to pursue acquisitions. Riocan has formed a joint venture with Hudson's Bay Company (TSX:HBC). The joint venture will enable RioCan and HBC to build on the strength of existing real estate assets through potential future redevelopment, as well as identify retail and enclosed mall acquisitions.

Hudson's Bay Company Closes its Joint Venture with Simon Property Group

Hudson’s Bay Company announced that it has closed its joint venture with Simon Property Group focused on credit tenant, net-leased and multi-tenanted retail buildings in the United States and internationally. The joint venture will enable HBC and Simon to build on the strength of existing real estate assets and identify new real estate growth opportunities. HBC contributed 42 owned or ground-leased properties to the HBC-Simon JV, including the Saks Fifth Avenue Beverly Hills and the Westchester and Manhasset Lord & Taylor stores, for an aggregate purchase price of approximately USD 1.7 billion. The contributed properties total approximately 5.4 million square feet. Third-party debt at the HBC-Simon JV totalling USD 846 million was arranged in conjunction with the closing. Of this amount, HBC received USD 600 million in cash proceeds for the properties it contributed. HBC intends to use these proceeds to repay the balance of its existing term loan B and reduce the borrowings on its US revolving credit facility. The HBC-Simon JV currently expects to use the remaining USD 246 million in proceeds from the third-party debt towards the proposed purchase of at least 40 owned or partially-owned properties in Germany (the Kaufhof Properties), which HBC is expected to acquire at the end of the third fiscal quarter upon completion of its previously announced acquisition of Galeria Holding's department store Kaufhof. Simon contributed an initial USD 1 million upon closing, and has committed to contribute up to a total of USD 278 million to the HBC-Simon JV. This includes USD 100 million for improvements to properties contributed by HBC to the HBC-Simon JV. The balance of USD 178 million is intended to be used by the HBC-Simon JV to partially fund the acquisitions of the Kaufhof Properties.

 

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Industry Analysis

HBC

Industry Average

Valuation HBC Industry Range
Price/Earnings 100.0x
Price/Sales 0.5x
Price/Book 1.6x
Price/Cash Flow 10.3x
TEV/Sales 0.1x
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