|Bid||2.51 x 900|
|Ask||3.25 x 800|
|Day's Range||2.8402 - 3.0300|
|52 Week Range||1.3000 - 3.5800|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 2, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
NEW YORK, Feb. 07, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Fred’s has a new executive leadership team — sort of. The Memphis-based general discount store chain announced in a Monday, Feb. 4, filing with the U.S. Securities and Exchange Commission (SEC) that Joseph Anto is now the CEO of Fred’s, effective Feb.
Fred's Inc. late Monday said it named Joseph Anto , who had been serving as interim chief executive office r since April and financial chief since February, as the new CEO. The company also appointed Nathaniel Klein as c hief o perating o fficer and Ritwik Chatterjee as c hief f inancial officer . Shares of Fred's were unchanged in the extended session after rallying 5.2% to close at $3.03 a share.
Joe Anto Appointed as CEO Ritwik Chatterjee Appointed as CFO Nathaniel Klein Appointed as COO Mike Ladd Appointed as CSO MEMPHIS, Tenn., Feb. 04, 2019 -- Fred’s, Inc..
Fred’s, Inc. (“Fred’s” or “Company”) (FRED) today announced that its board of directors (the “Board”) has approved a new share repurchase program in order to acquire up to 3.5 million shares of the Company’s outstanding Class A voting common stock (the “common stock”). The Company’s previous share repurchase program, which allowed for the repurchase of up to 3.8 million shares of the Company’s common stock, was completed on January 24, 2019.
Starting with financial reporting after January 2017, the SEC requires public companies to disclose their CEO-to-median employee pay ratio.
Fred’s multimillion-dollar deal with Walgreens has concluded. The Memphis-based general merchandise and pharmacy chain announced in September 2018 that it had entered into a deal with Walgreens in which Walgreens would acquire the pharmacy patient prescription files and pharmacy inventory for 185 Fred’s stores. In total, Fred’s received $156.1 million in cash proceeds as well as an additional $20.6 million for the pharmacy inventory included in the assets.
CORAL GABLES, FL / ACCESSWIRE / January 8, 2019 / The healthcare industry is predicated on the notion that as diseases become more advanced and difficult to treat, companies responsible for creating treatment options will rise to the occasion to assist patients suffering from said ailments. As healthcare companies work to develop new methods for bettering the care provided to their patients, the industry, in its entirety, will unite to meet the demands and needs of consumers in the space looking for qualitative healthcare. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Rite Aid Corporation (RAD), Fred's Inc (FRED), and Teladoc Health Inc (TDOC), are 4 healthcare stocks representing companies invested in creating the best quality treatments for their patients.
CORAL GABLES, FL / ACCESSWIRE / January 3, 2019 / With the new year only a few days old, the pharmaceutical industry is already buzzing with the excitement surrounding companies who are taking innovative approaches to create a variety of effective treatment options for patients in the space. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Eyepoint Pharmaceuticals, Inc (NASDAQ: EYPT), Cocrystal Pharma Inc (NASDAQ: COCP), and Fred's, Inc (NASDAQ: FRED) are 4 pharma stocks to keep tabs on as the industry moves toward the future. Premier Health Group (OTC:PHGRF) (CSE:PHGI), a company that you may not have heard of, but could potentially benefit from looking into, recognizes the importance of investing in the future of the pharmaceutical industry, and amid this understanding, has made several key announcements in the past few months to show investors, as well as members of its 100,000 patient ecosystem, that the Company is committed to the advancement of this goal.
Memphis and FedEx are practically synonymous. With 30,000 local employees and a plethora of third-party careers that exist in Memphis solely because of FedEx, that correlation is valid. In fact, Memphis is home to 11 locally based public companies.
Fred's, Inc. (NASDAQ:FRED) is a small-cap stock with a market capitalization of US$91m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end Read More...
The company’s net loss from continuing operations came in at $30.8 million during its third quarter of its fiscal 2018, or 83 cents per share, which is narrower than what it brought in during the year-ago quarter.
Joe Anto, CFO and interim CEO for Memphis-based Fred’s Inc., ran through the third quarter 2018 fiscal results for the general merchandise and pharmacy chain, Thursday, Dec. 13. Fred’s current Memphis headquarters at 4300 New Getwell Road was a featured listing in Colliers International’s Market News Q4 2018 report.
On a per-share basis, the Memphis, Tennessee-based company said it had a loss of 74 cents. Losses, adjusted to account for discontinued operations, came to 83 cents per share. The discount retailer posted ...
MEMPHIS, Tenn., Dec. 13, 2018 -- Fred's, Inc. (NASDAQ: FRED) reported financial results for the third quarter and nine months ended November 3, 2018. Except as otherwise noted,.
Fred’s asset transfer to Walgreens continues. The Memphis-based general merchandise and pharmacy chain has turned over another batch of its pharmacy portfolio to Walgreens Boots Alliance Inc. as part of an ongoing multimillion-dollar deal. As previously disclosed, Fred’s will sell prescription files and related data/records, as well as pharmaceutical inventory, from 179 of its stores to Walgreens.
Moving trucks are headed to Fred’s HQ. It's been speculated that Fred's Inc. will soon be moving to Dallas, and now the headquarters for the Memphis-based general merchandise and pharmacy chain is a featured property listing in Colliers International’s Q4 Market News. Located at 4300 New Getwell Road, the Colliers report shows a “contract pending” for the sale of the Fred’s building, which totals more than 1 million square feet.
Fred’s is continuing to offload its pharmacy inventory and patient prescription files to Walgreens. The discount merchandise and pharmacy chain announced in September it had entered into a multimillion-dollar deal with Walgreens Boots Alliance Inc., which would allow Walgreens to purchase prescription files, related data and records, pharmacy inventory, and other assets for 185 stores. The money from Walgreens will be used to pay down Fred’s “existing indebtedness” and for “general corporate purposes.” The following update was provided in a Nov. 27 filing with the U.S. Securities and Exchange Commission (SEC): The biggest question now facing Fred’s: How long will the “Memphis-based” public company remain in the Mid-South?
Speaking truth to power, the importance of the Fourth Estate to a functioning democracy, the idea of bearing witness — none of that matters to Freeman and his fellow hedgies at Alden Global. It’s now 20 years since the renovation, and the building is getting a little long in the tooth.
With the home of Fred’s future HQ in question, city, county and state officials are trying to intervene.
New York hedge fund Alden Global Capital LLC owns 13 million shares of the Memphis-based general merchandise and retail chain, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). With its most recent purchase for 845,000 shares on Oct. 29 — at an average share price of $2.53 — Alden has a 34.9 percent stake in Fred's Inc. In early October, a committee of Fred’s independent directors approved Alden to buy up to 3,725,000 additional shares. At the time of that approval, Alden had about 9.3 million shares.
Based on its online presence, a Tennessee-based company that reported $1.8 billion in revenue last year may have its sights set on a relocation to downtown Dallas.