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4-Traders Homepage  >  Equities  >  Nasdaq  >  Snyder's-Lance Inc    LNCE

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Snyder's Lance : Wednesday business briefs, 1-11-17

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01/11/2017 | 02:55am CET

Jan. 10--Snyder's-Lance completes divestiture of Diamond

CHARLOTTE -- Snyder's-Lance, Inc. (Nasdaq:LNCE) announced that the company has completed the divestiture of its Diamond of California culinary nut business. As previously announced, the sale of Diamond of California aligns with the company's strategy to focus more resources on the growth opportunities for its core brands. The transaction also reflects the company's commitment to improving capital efficiency and is anticipated to be accretive to both returns on invested capital and operating margins. The transaction closed on Dec. 31, 2016.

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Macy's to close two N.C. department stores

CINCINNATI, Ohio -- Macy's, Inc. (NYSE:M) announced a series of actions to streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy. These actions bolster the company's strategy to further invest in omnichannel capabilities, improve customer experience and create shareholder value. The actions include the closure of 68 stores. Among the closings listed, the Carolina Place store in Pineville, which opened in 1993 and employs 69 associates, will close in early 2017. In addition, the Northgate store in Durham, which opened in 1994 and employs 72 associates, will close by the end of the year.

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Kernersville company acquires Ga. company

KERNERSVILLE -- Best Logistics Group President Roy Cox announced the acquisition of C & S Distribution, based in Dalton, Ga. This further expands Best Logistics' scope of services. C & S was founded in 1989 to service the flooring industry in Dalton and North Georgia. With the foundation based on exceptional service, C&S grew to provide a range of services to the carpet and flooring industry from consolidation, less than truckload, and truckload service. Pete Bethea, the founder, will remain active during the transition.

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(c)2017 The Courier-Tribune, Asheboro, N.C.

Visit The Courier-Tribune, Asheboro, N.C. at www.courier-tribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2016 2 297 M
EBIT 2016 211 M
Net income 2016 67,2 M
Debt 2016 1 275 M
Yield 2016 1,66%
P/E ratio 2016 53,40
P/E ratio 2017 24,86
EV / Sales 2016 2,17x
EV / Sales 2017 1,98x
Capitalization 3 697 M
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Snyder's-Lance Inc Technical Analysis Chart | LNCE | US8335511049 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 40,3 $
Spread / Average Target 4,9%
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NameTitle
Carl E. Lee President, Chief Executive Officer & Director
James W. Johnston Chairman
Alexander W. Pease Chief Financial Officer & Executive Vice President
Nikhil R. Sawant Chief Information Officer & Senior Vice President
John E. Denton Independent Director
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