The Bon-Ton Stores, Inc. (BONT) Sees Strong Trading Volume
Shares of The Bon-Ton Stores, Inc. (NASDAQ:BONT) saw strong trading volume on Friday . 104,960 shares traded hands during mid-day trading, a decline of 84% from the previous session’s volume of 653,028 shares.The stock last traded at $0.69 and had previously closed at $0.70.
The firm’s market cap is $12.91 million. The company has a 50-day moving average price of $0.66 and a 200-day moving average price of $0.69.
The Bon-Ton Stores (NASDAQ:BONT) last announced its earnings results on Thursday, August 17th. The company reported ($1.64) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.96) by $0.32. The company had revenue of $525.46 million during the quarter. On average, equities research analysts anticipate that The Bon-Ton Stores, Inc. will post ($2.34) EPS for the current year.
A hedge fund recently raised its stake in The Bon-Ton Stores stock. Goldman Sachs Group Inc. boosted its holdings in shares of The Bon-Ton Stores, Inc. (NASDAQ:BONT) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,891 shares of the company’s stock after acquiring an additional 8,705 shares during the quarter. Goldman Sachs Group Inc. owned 0.55% of The Bon-Ton Stores worth $101,000 as of its most recent SEC filing. Institutional investors own 20.01% of the company’s stock.
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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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