The Bon-Ton Stores Inc. (BONT) Given Consensus Rating of “Strong Sell” by Analysts
Shares of The Bon-Ton Stores Inc. (NASDAQ:BONT) have been assigned an average broker rating score of 5.00 (Strong Sell) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong sell recommendation.
Analysts have set a 12-month consensus price objective of $2.00 for the company, according to Zacks. Zacks has also given The Bon-Ton Stores an industry rank of 54 out of 265 based on the ratings given to its competitors.
In other The Bon-Ton Stores news, major shareholder Donald E. Morgan III purchased 45,490 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was bought at an average cost of $1.70 per share, for a total transaction of $77,333.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Donald E. Morgan III purchased 20,610 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was acquired at an average price of $1.70 per share, with a total value of $35,037.00. The disclosure for this purchase can be found here. 46.78% of the stock is owned by company insiders.
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Large investors have recently added to or reduced their stakes in the stock. Spark Investment Management LLC boosted its stake 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 worth $114,000 after buying an additional 17,800 shares during the period. Societe Generale acquired a new stake in The Bon-Ton Stores during the second quarter worth approximately $211,000. Vanguard Group Inc. boosted its stake 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 worth $766,000 after buying an additional 6,000 shares during the period. Finally, Royce & Associates LP boosted its stake 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 worth $829,000 after buying an additional 246,700 shares during the period. Institutional investors own 29.39% of the company’s stock.
Shares of The Bon-Ton Stores (NASDAQ:BONT) traded down 1.89% during trading on Tuesday, reaching $1.56. 2,902 shares of the company traded hands. The firm’s market capitalization is $33.56 million. The company has a 50 day moving average price of $1.65 and a 200 day moving average price of $1.72. 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 issued its quarterly earnings data on Thursday, August 18th. The company reported ($1.95) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.75) by $0.20. The company had revenue of $542.40 million for the quarter, compared to analysts’ expectations of $556.96 million. The Bon-Ton Stores had a negative return on equity of 663.72% and a negative net margin of 2.19%. On average, equities analysts predict that The Bon-Ton Stores will post ($1.60) EPS for the current year.
The Bon-Ton Stores Company Profile
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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