Brokerages Set $2.00 Target Price for The Bon-Ton Stores Inc. (NASDAQ:BONT)
The Bon-Ton Stores Inc. (NASDAQ:BONT) has 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 analysts have rated the stock with a strong sell recommendation.
Brokerages have set a twelve-month consensus price objective of $2.00 for the company, according to Zacks. Zacks has also assigned The Bon-Ton Stores an industry rank of 23 out of 265 based on the ratings given to its competitors.
In other news, major shareholder Donald E. Morgan III purchased 45,490 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were acquired at an average cost of $1.70 per share, with a total value of $77,333.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Brigade Leveraged Capital Stru purchased 48,863 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was purchased at an average cost of $1.56 per share, for a total transaction of $76,226.28. Following the completion of the acquisition, the insider now directly owns 1,318,356 shares of the company’s stock, valued at approximately $2,056,635.36. The disclosure for this purchase can be found here. 46.78% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. 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 in the last quarter. 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 in the last quarter. Societe Generale purchased a new position in The Bon-Ton Stores during the second quarter valued at about $211,000. 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 in the last quarter. 29.44% of the stock is currently owned by institutional investors and hedge funds.
The Bon-Ton Stores (NASDAQ:BONT) opened at 1.71 on Wednesday. The Bon-Ton Stores has a one year low of $1.10 and a one year high of $4.20. The company’s market capitalization is $36.78 million. The company has a 50-day moving average price of $1.65 and a 200-day moving average price of $1.78.
The Bon-Ton Stores (NASDAQ:BONT) last issued its quarterly earnings data on Thursday, August 18th. The company reported ($1.95) EPS for the quarter, missing analysts’ consensus estimates of ($1.75) by $0.20. The business earned $542.40 million during the quarter, compared to the consensus estimate 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%. Analysts expect that The Bon-Ton Stores will post ($1.60) earnings per share for the current fiscal 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The Bon-Ton Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Bon-Ton Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.