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New York, NY -- (SBWIRE) -- 04/15/2013 -- StockRunway.com issues special report on Most Bullish Services Stocks - Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), The Jones Group Inc. (NYSE:JNY), Bed Bath & Beyond Inc. (NASDAQ:BBBY)
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) jumped to new high, extending rally after Television station operator disclosed plan to acquire Fisher Communications Inc (FSCI.O) for about $373 million to enlarge its operations in the western United States. The deal values the Seattle-based company at $373 million or $41 per share, 5 percent higher from the stock&aposs closing price on Wednesday. The acquisition provides Sinclair more access to the Northwest, in particular, two top-25 markets in Portland and Seattle. The media company intends to finance the deal through a combination of cash and debt.
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) gained +16.50% to close at $27.60 and its overall volume in the last trading session was 7.15 million shares, beating the average volume of 1.58 million. SBGI hit the day high price of $27.84 and day low of $22.90.
The stock is trading with positive year-to-date performance of +120.98%. The company has total market cap of $2.25 billion. Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States.
Will SBGI Continue To Move Higher? Find Out Here
The Jones Group Inc. (NYSE:JNY) jumped on news that Activist hedge fund Barington Capital Group has urged the company to sell part of its brand portfolio, cut costs, and add directors. The Wall Street Journal reported that Jones confirmed its Chief Executive Wesley Card met with Barington at Barington&aposs request, earlier in April.
The Jones Group Inc. (NYSE:JNY) climbed +5.87% with the closing price of $14.07. The overall volume in the last trading session was 4.74 million shares. Its fifty two week range was $8.85-$15.07. The total market capitalization remained $1.13 billion.
The stock is ahead its 52 week low with 61.12% and its last month price volatility remained 2.84%. Its beta coefficient was 2.96 with a target price of $12.80. In its share capital, the company has 81.04 million outstanding shares while 78.67 million shares have been floated in market.
It has insider ownership of 4.18% with its institutional ownership remained 99.06%. Its current year earnings per share declined with -219.80% while the five year EPS growth rate was 1.90%. The Jones Group Inc. engages in the design, marketing, and wholesale of apparel, footwear, jeanswear, jewelry, and handbags. It operates through six segments: Domestic Wholesale Sportswear; Domestic Wholesale Jeanswear; Domestic Wholesale Footwear and Accessories; Domestic Retail; International Wholesale; and International Retail.
Why Should Investors Buy JNY After The Recent Gain? Just Go Here and Find Out
Bed Bath & Beyond Inc. (NASDAQ:BBBY) rebounded on Friday after saying that earnings in its latest quarter rose 6.5% from a year earlier on double-digit revenue growth that was helped by an extra week of sales. The home-furnishings retailer reported net income of $373.9 million or $1.68 a share, for its fiscal fourth quarter ended March 2, higher as compared to $351 million or $1.48 a share. Revenue for the period rose 25% to $3.4 billion.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares went +4.31% up and closed at $66.76 in the last trading session. Its overall traded volume was 4.26 million shares. The stock’s opening price was $64.10, hitting the day high price of $66.76 and day low of $63.90.
BBBY has earnings per share of $4.57 and its price to earnings ratio was 14.60. The company has 17.29% returns on assets, 25.94% returns on equity and its return on investments is 22.98%. Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestic merchandise, such as bed linens and related items, bath items, and kitchen textiles; and home furnishings, including kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and certain juvenile products.
For How Long BBBY will Fight for Profitability? Read This Trend Analysis report
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