Bon-Ton Stores (BONT) Announces Quarterly Earnings Results, Misses

Shares of Bon-Ton Stores (NASDAQ:BONT) opened at 1.21 on Friday. Other income in the third quarter of fiscal 2015 was $17.5 million, compared with $16.0 million in the third quarter of fiscal 2014.

The Bon-Ton Stores, Inc. has witnessed a decline in the working capital over the past year. Five industry stock analysts polled by Yahoo Finance had projected that, on average, Bon-Ton would lose 59 cents per share in the quarter, which ended October 31. The 50-Day Moving Average price is $3.22 and the 200 Day Moving Average price is recorded at $4.49.Bon-Ton Stores Inc. has dropped 37.3% during the last 3-month period.

Bon-Ton Stores (NASDAQ:BONT) had its price target reduced by research analysts at Telsey Advisory Group from $3.50 to $2.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports.

A number of research firms have recently weighed in on BONT. Zacks Investment Research raised shares of Bon-Ton Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, November 11th.

Just ahead of the holiday season, The Bon-Ton Stores Inc. took a big hit in its third quarter, reporting a net loss of $34 million. Sales of home merchandise were in line with sales across the chain, and CEO Barbara Rentler said during a conference call to financial analysts that there is room to grow its home business in the fourth quarter and over the next two years. The firm’s market cap is $41.50 million.

That’s more that triple the loss the Springettsbury Township-based company took in the third quarter of 2014, when it reported a loss of $11 million.

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd.

Tiffany & Co. (TIF) of the Services sector is up 0.96% so far today trading at $74.95 at a volume of 175920 shares. The ex-dividend date was Wednesday, October 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 16.53%. The Company provides a variety of brand name fashion clothing and accessories for men, women and children.

Bon-Ton operates 270 stores, which includes nine furniture galleries and four clearance centers, in 26 states.

“We now have complete system integration of our physical stores in [our] e-commerce network”, Bufano said, according to a transcript from Seeking Alpha. The Company’s stores offer a range of style attire and accessories for men, women and children, in addition to home furnishings cosmetics along with other goods. The Company’s private brand portfolio includes brands, such as Laura Ashley, Ruff Hewn, Relativity, Studio Works, Breckenridge, Living Quarters, Paradise Collections, Kenneth Roberts, Cuddle Bear, John Bartlett and Mambo.