The Bon-Ton Stores, Inc. (BONT) Releases Earnings Results, Beats Estimates By $0.32 EPS
The Bon-Ton Stores, Inc. (NASDAQ:BONT) issued its quarterly earnings results on Thursday. The company reported ($1.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.96) by $0.32, Morningstar.com reports. The business had revenue of $525.46 million for the quarter.
Shares of The Bon-Ton Stores (NASDAQ BONT) traded down 0.8551% on Friday, hitting $0.6841. The stock had a trading volume of 29,454 shares. The company’s market capitalization is $14.71 million. The Bon-Ton Stores has a one year low of $0.31 and a one year high of $1.98. The firm has a 50 day moving average price of $0.59 and a 200 day moving average price of $0.74.
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A hedge fund recently raised its stake in The Bon-Ton Stores stock. Goldman Sachs Group Inc. raised its stake in The Bon-Ton Stores, Inc. (NASDAQ:BONT) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,891 shares of the company’s stock after buying an additional 8,705 shares during the period. Goldman Sachs Group Inc. owned 0.55% of The Bon-Ton Stores worth $101,000 at the end of the most recent quarter. 21.49% of the stock is currently owned by institutional investors and hedge funds.
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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