Surging Rank, Surging Stock; Why Bon-Ton (BONT) Is a Winner
One company that should be on your radar is Bon-Ton Stores Inc. (BONT). The stock of this departmental retailer has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For BONT’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 26 cents a share a month ago to its current level at 58 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, BONT has seen some pretty solid trading lately, as the company has moved higher by 16.8% in the past month.
If Bon-Ton can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put BONT on your watch list for the future.
Other top-ranked stocks worth considering in the retail space include Advance Auto Parts Inc. (AAP), Barnes & Noble, Inc. (BKS), and Zale Corporation (ZLC). All these carry a Zacks Rank #1 (Strong Buy).
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BON TON STORES INC (BONT): Free Stock Analysis Report
ADVANCE AUTO PARTS INC (AAP): Free Stock Analysis Report
BARNES & NOBLE INC (BKS): Free Stock Analysis Report
ZALE CORP (ZLC): Free Stock Analysis Report
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