Washington Prime Group

Saudi Arabia is set to sponsor the Women's Tennis Association's rankings for the next five years in the third major tennis deal to be struck in the Kingdom this year, as the country continues its high-dollar push into the world of sports that has so far included a partnership with the PGA, hosting a Formula One Grand Prix and signing the world's highest-paid soccer player, among other moves. Key Facts Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Key Background Saudi Arabia has made a series of sudden and expensive moves in the sports world over the last five years, trading massive sums of money for influence and participation on the world stage. Since 2020, the Public Investment Fund, which claims to have $925 billion under management, made investments that established a new Formula One Grand Prix in Jeddah, launched a new golf tour called LIV that later merged with the PGA, took control of four domestic football clubs (including Cristiano Ronaldo's Al Nassr), sponsored the 2023 Women’s World Cup and hosted a boxing match between Tyson Fury and Oleksandr Usyk. Saudi Arabia also made an unsuccessful joint bid with Greece and Egypt to host the 2030 Men’s World Cup. Critics have accused the moves of being an attempt to "sportswash" the country's human rights abuse history while trying to enhance its reputation as a world player. The World Economic Forum ranks Saudi Arabia 131st out of 146 countries in its 2023 Global Gender Gap Report, four places lower than it ranked in 2022. A so-called "Personal Status Law" implemented in 2022, codified a number of rules that require women to have a male guardian's permission to marry or divorce. The country also does not recognize LGBTQ rights and homosexuality is still punishable by imprisonment, death and beating. Saudi Arabia has made recent strides towards a more equitable gender treatment—a decades-old ban on female drivers was lifted in 2018 and child marriages were banned in 2019—but still lags far behind other nations. Big Number $6.3 billion. Saudi Arabia has spent at least that much on sports deals since 2021. Chief Critic A number of current and former tennis players have spoken against the partnerships struck by Saudi Arabia in the world of tennis, particularly women's tennis. Martina Navratilova, a legendary player who won 59 major titles in the 1970s and 80s, and her greatest rival Chrissie Evert together wrote an op-ed for the Washington Post titled, “We did not help build women’s tennis for it to be exploited by Saudi Arabia.” Minky Worden, director of global initiatives for Human Rights Watch, wrote “the idea that women’s tennis would go to repressive Saudi Arabia, where the male guardianship system denies women basic human rights, is an offense to the pioneers who made women’s tennis popular. Given the poor state of women’s rights in Saudi Arabia, women’s tennis should not contribute to covering up repression in the country." Others who did not support the partnerships with Saudi Arabia include Daria Kasatkina, an openly gay player who regularly vlogs her travels with her girlfriend. Contra Billie Jean King, a pioneering tennis player who threatened to boycott the U.S. Open in 1973 if it didn't pay its male and female winners equally for their victories, last summer said she supported talks between the women's tour and Saudi Arabia. She said hosting WTA events in the country could help further its women's rights movement. In October, when it appeared a deal between the tour and Kingdom was likely, she added, "The thing I'm concerned about is the women, I want change if we go. But I'm big on engagement and inclusion so it's a tough one." Further Reading» Mehr auf forbes.com

Beacon Pointe Advisors LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,742 shares of the transportation company’s stock after selling 970 shares during the period. Beacon Pointe Advisors LLC’s holdings in Expeditors International of Washington were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $35,000. BKM Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Planned Solutions Inc. purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Fortitude Family Office LLC bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth approximately $49,000. Institutional investors own 94.02% of the company’s stock. Wall Street Analyst Weigh In EXPD has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. TD Cowen lifted their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Susquehanna increased their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $111.63. View Our Latest Stock Report on EXPD Insider Buying and Selling In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders. Expeditors International of Washington Stock Up 0.2 % NASDAQ:EXPD opened at $117.90 on Monday. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 6.47 and a beta of 1.00. The company’s 50 day moving average price is $117.33 and its 200-day moving average price is $120.81. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s revenue was down 14.9% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 4.82 earnings per share for the current year. Expeditors International of Washington Increases Dividend The company also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.73 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is 29.24%. Expeditors International of Washington Profile (Free Report) Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions. See Also Five stocks we like better than Expeditors International of Washington What is the S&P/TSX Index? Canada Goose Flies Higher Driven By DTC Growth 3 Healthcare Dividend Stocks to Buy CVS Health Stock Has a Silver Lining Called Value Are Penny Stocks a Good Fit for Your Portfolio? Magnificent 7 Still Magnificent as the Halfway Mark Approaches?» Mehr auf defenseworld.net

HOBOKEN, NJ — Is it the post-pandemic economy that's got people lining up at second-hand stores these days, or just the thrill of finding treasures? Or is it Macklemore's 2012 hit "Thrift Shop?" Regardless of the reason, thrifting has become a popular pastime for many. Hoboken already has two thrift shops — the longtime St. Mary's Hospital Auxiliary shop and a newer shop, Thrifted by J&D on Adams Street. This weekend, a third second-hand store will open on the main street, Washington Street. Opening Dates Second Street (at the corner of Second and Washington, of course) will hold a pre-opening this Saturday starting at 11 a.m., as well as a grand opening the following weekend, on Saturday, May 25 (see details in the above photos). The store is located at 200 Washington St. Got news about a business opening or closing in North Jersey? Let Patch know.» Mehr auf patch.com