Bon-Ton Stores Inc (BONT) is Downgraded by Credit Suisse to Underperform

Bon-Ton Stores Inc (BONT) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 15, 2016.

On the company’s financial health, Bon-Ton Stores Inc reported $2.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Mar 15, 2016. Analyst had a consensus of $2.79. The company had revenue of $927.90 million for the quarter, compared to analysts expectations of $947.03 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.02 EPS.

Bon-Ton Stores Inc opened for trading at $2.06 and hit $2.09 on the upside on Monday, eventually ending the session at $2.06, with a gain of 0.98% or 0.02 points. The heightened volatility saw the trading volume jump to 40,701 shares. Company has a market cap of $44 M.

In a different news, on Aug 27, 2015, Jimmy Dale Mansker (EVP-Merch Plan & Optimization) sold 550 shares at $3.50 per share price.

The Bon-Ton Stores Inc. is a department store operator. The Company offers a range of brand-name fashion apparel and accessories for women men and children. It operates approximately 270 stores in 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. The Company operates through two segments: stores and e-Commerce segments. Its stores offer a range of fashion apparel and accessories for women men and children as well as cosmetics home furnishings and other goods. Its nationally distributed brand assortment includes labels in the apparel accessories footwear cosmetics and home furnishings industries such as Anne Klein Clarks Clinique and Calvin Klein among others. The Company’s private brand portfolio includes brands such as Laura Ashley Le Tigre Cuddle Bear Ruff Hewn and Relativity among others.

Bon-Ton Stores Inc

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