Bon-Ton Stores Inc. (BONT) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for BONT, as the stock is now up nearly 19% since Aug 13, 2014.
This slump shouldn’t be too much of a surprise to investors. Though the departmental retailer has seen a flat record when it comes to current year estimate revisions, its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
BONT currently has a Zacks Rank #5 (Strong Sell).
Other better-ranked retail stocks include Citi Trends, Inc. (CTRN), The Men's Wearhouse, Inc. (MW), each carrying a Zacks Rank #1 (Strong Buy) and J. C. Penney Company, Inc. (JCP), with a Zacks Rank #2 (Buy).
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