Today, Stage Stores Inc. (SSI) Receives Consensus Recommendation of “Hold” from Analysts

Today, Stage Stores Inc. (SSI) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Stage Stores Inc. (NYSE:SSI) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock. Three equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.33.

A number of equities analysts have recently commented on SSI shares. Johnson Rice lowered shares of Stage Stores from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Northcoast Research lowered shares of Stage Stores from a “neutral” rating to a “sell” rating and set a $3.00 price target on the stock. in a report on Friday, November 18th. Zacks Investment Research upgraded shares of Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, October 20th. Telsey Advisory Group lifted their price target on shares of Stage Stores from $5.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, August 19th. Finally, B. Riley reiterated a “neutral” rating and set a $3.50 price target on shares of Stage Stores in a report on Friday, November 18th.

Stage Stores (NYSE:SSI) traded down 0.69% during trading on Friday, reaching $4.30. The company’s stock had a trading volume of 452,580 shares. The company’s market cap is $116.77 million. Stage Stores has a 12 month low of $4.30 and a 12 month high of $9.98. The stock’s 50-day moving average is $5.10 and its 200 day moving average is $5.43.

Stage Stores (NYSE:SSI) last posted its earnings results on Thursday, November 17th. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.21. The company had revenue of $317.10 million for the quarter, compared to the consensus estimate of $327.74 million. Stage Stores had a negative return on equity of 0.71% and a negative net margin of 0.68%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.29) EPS. On average, equities analysts forecast that Stage Stores will post $0.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 25th. This represents a $0.60 annualized dividend and a yield of 13.39%. Stage Stores’s payout ratio is -136.36%.

Institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. raised its position in Stage Stores by 73.7% in the second quarter. Teachers Advisors Inc. now owns 99,614 shares of the company’s stock valued at $486,000 after buying an additional 42,281 shares during the last quarter. Alliancebernstein L.P. raised its position in Stage Stores by 6.6% in the second quarter. Alliancebernstein L.P. now owns 32,510 shares of the company’s stock valued at $159,000 after buying an additional 2,000 shares during the last quarter. BlackRock Group LTD raised its position in Stage Stores by 5.9% in the second quarter. BlackRock Group LTD now owns 37,376 shares of the company’s stock valued at $183,000 after buying an additional 2,069 shares during the last quarter. Prudential Financial Inc. raised its position in Stage Stores by 16.7% in the second quarter. Prudential Financial Inc. now owns 201,740 shares of the company’s stock valued at $984,000 after buying an additional 28,817 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its position in Stage Stores by 24.6% in the second quarter. Paradigm Capital Management Inc. NY now owns 915,400 shares of the company’s stock valued at $4,467,000 after buying an additional 180,800 shares during the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.

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