Bon-Ton Stores (BONT) Bonds Trading 2.8% Higher

An issue of Bon-Ton Stores Inc (OTCMKTS:BONT) debt rose 2.8% against its face value during trading on Friday. The high-yield debt issue has a 8% coupon and is set to mature on June 15, 2021. The bonds in the issue are now trading at $18.00. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Separately, ValuEngine raised Bon-Ton Stores from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st.

Bon-Ton Stores Inc (OTCMKTS:BONT) traded down $0.01 during mid-day trading on Friday, reaching $0.15. The company’s stock had a trading volume of 318,376 shares, compared to its average volume of 196,916. The company has a debt-to-equity ratio of -3.04, a current ratio of 0.88 and a quick ratio of 0.10. Bon-Ton Stores Inc has a fifty-two week low of $0.13 and a fifty-two week high of $1.38.

Bon-Ton Stores (OTCMKTS:BONT) last released its quarterly earnings results on Thursday, November 16th. The company reported ($2.19) earnings per share (EPS) for the quarter. The business had revenue of $562.48 million during the quarter. analysts forecast that Bon-Ton Stores Inc will post -3.11 EPS for the current year.

An institutional investor recently raised its position in Bon-Ton Stores stock. Teton Advisors Inc. raised its stake in shares of Bon-Ton Stores Inc (OTCMKTS:BONT) by 90.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 337,100 shares of the company’s stock after purchasing an additional 160,345 shares during the period. Teton Advisors Inc. owned approximately 1.57% of Bon-Ton Stores worth $145,000 as of its most recent SEC filing. 16.72% of the stock is owned by hedge funds and other institutional investors.

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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.

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