The Bon-Ton Stores Inc. (BONT) Releases Earnings Results, Misses Estimates By $0.22 EPS
The Bon-Ton Stores Inc. (NASDAQ:BONT) announced its quarterly earnings results on Thursday. The company reported ($1.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.36) by $0.22. The firm had revenue of $589.90 million for the quarter, compared to analyst estimates of $623.40 million. The Bon-Ton Stores had a negative return on equity of 663.72% and a negative net margin of 2.19%.
Shares of The Bon-Ton Stores (NASDAQ:BONT) opened at 1.60 on Friday. The firm’s 50-day moving average price is $1.60 and its 200 day moving average price is $1.62. The firm’s market capitalization is $34.42 million. The Bon-Ton Stores has a 52 week low of $1.25 and a 52 week high of $4.20.
In related news, major shareholder Donald E. Morgan III bought 20,610 shares of the company’s stock in a transaction on Monday, August 29th. The shares were purchased at an average cost of $1.70 per share, for a total transaction of $35,037.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Donald E. Morgan III bought 53,897 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was bought at an average price of $1.69 per share, for a total transaction of $91,085.93. The disclosure for this purchase can be found here. 46.78% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Royce & Associates LP raised its position in shares of 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 last quarter. Societe Generale bought a new stake in shares of The Bon-Ton Stores during the second quarter valued at about $211,000. Spark Investment Management LLC increased its stake in shares of 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. Finally, Vanguard Group Inc. increased its stake in shares of 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. 29.20% of the stock is currently owned by institutional investors.
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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