Shares of The Bon-Ton Stores Inc. (NASDAQ:BONT) have been given a consensus broker rating score of 5.00 (Strong Sell) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong sell rating.
Analysts have set a twelve-month consensus price target of $2.00 for the company, according to Zacks. Zacks has also assigned The Bon-Ton Stores an industry rank of 24 out of 265 based on the ratings given to related companies.
The Bon-Ton Stores (NASDAQ:BONT) traded up 0.61% during midday trading on Wednesday, hitting $1.65. The stock had a trading volume of 9,790 shares. The stock has a 50-day moving average price of $1.63 and a 200 day moving average price of $1.79. The firm’s market cap is $35.49 million. The Bon-Ton Stores has a 12-month low of $1.10 and a 12-month high of $4.20.
The Bon-Ton Stores (NASDAQ:BONT) last announced its quarterly earnings data on Thursday, August 18th. The company reported ($1.95) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.75) by $0.20. The Bon-Ton Stores had a negative net margin of 2.19% and a negative return on equity of 663.72%. The company had revenue of $542.40 million for the quarter, compared to analysts’ expectations of $556.96 million. On average, equities analysts anticipate that The Bon-Ton Stores will post ($1.60) earnings per share for the current fiscal year.
In other The Bon-Ton Stores news, major shareholder Donald E. Morgan III bought 20,610 shares of The Bon-Ton Stores stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $1.70 per share, for a total transaction of $35,037.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Brigade Leveraged Capital Stru bought 48,863 shares of The Bon-Ton Stores stock in a transaction that occurred on Tuesday, August 16th. The shares were acquired at an average price of $1.56 per share, for a total transaction of $76,226.28. Following the acquisition, the insider now directly owns 1,318,356 shares in the company, valued at approximately $2,056,635.36. The disclosure for this purchase can be found here. Insiders own 46.78% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC raised its position in The Bon-Ton Stores by 28.1% in the second quarter. Spark Investment Management LLC now owns 81,100 shares of the company’s stock valued at $114,000 after buying an additional 17,800 shares during the last quarter. Societe Generale acquired a new position in The Bon-Ton Stores during the second quarter valued at $211,000. Vanguard Group Inc. raised its position in The Bon-Ton Stores by 1.1% in the second quarter. Vanguard Group Inc. now owns 543,204 shares of the company’s stock valued at $766,000 after buying an additional 6,000 shares during the last quarter. Finally, Royce & Associates LP raised its position in The Bon-Ton Stores by 72.4% in the second quarter. Royce & Associates LP now owns 587,596 shares of the company’s stock valued at $829,000 after buying an additional 246,700 shares during the last quarter. Institutional investors and hedge funds own 29.44% of the company’s stock.
About The Bon-Ton Stores
The Bon-Ton Stores, Inc is a department store operator. The Company operates through two segments: stores and eCommerce (its Internet Websites). The Company offers a range of brand-name fashion apparel and accessories for women, men and children. It operates approximately 270 stores in over 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates, encompassing a total of approximately 25 million square feet.
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