Stage Stores Inc. (NYSE:SSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Stage Stores operates retail stores offering moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family in small towns and communities located primarily throughout the south central United States. “
Several other analysts also recently weighed in on SSI. Johnson Rice downgraded shares of Stage Stores from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Telsey Advisory Group lifted their target price on shares of Stage Stores from $5.25 to $6.50 and gave the company a “market perform” rating in a report on Friday, August 19th. B. Riley reaffirmed a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a report on Wednesday, August 24th. Finally, Northcoast Research downgraded shares of Stage Stores from a “neutral” rating to a “sell” rating and set a $3.00 target price on the stock. in a report on Friday, November 18th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Stage Stores has a consensus rating of “Hold” and an average target price of $4.33.
Stage Stores (NYSE:SSI) opened at 4.45 on Tuesday. The company’s 50 day moving average is $5.02 and its 200 day moving average is $5.38. Stage Stores has a 52-week low of $4.25 and a 52-week high of $9.98. The firm’s market cap is $120.84 million.
Stage Stores (NYSE:SSI) last issued its quarterly earnings data on Thursday, November 17th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.21. Stage Stores had a negative return on equity of 0.71% and a negative net margin of 0.68%. The business had revenue of $317.10 million for the quarter, compared to analysts’ expectations of $327.74 million. During the same period in the previous year, the business posted ($0.29) earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. Equities research analysts forecast that Stage Stores will post $0.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 13.95%. The ex-dividend date is Friday, November 25th. Stage Stores’s dividend payout ratio is currently -136.36%.
A number of hedge funds have recently added to or reduced their stakes in SSI. Schwab Charles Investment Management Inc. increased its stake in Stage Stores by 10.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 404,106 shares of the company’s stock worth $1,973,000 after buying an additional 38,147 shares in the last quarter. Strs Ohio boosted its position in shares of Stage Stores by 8.3% in the second quarter. Strs Ohio now owns 53,600 shares of the company’s stock worth $261,000 after buying an additional 4,100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Stage Stores by 6.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 41,892 shares of the company’s stock worth $204,000 after buying an additional 2,370 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Stage Stores during the second quarter worth about $1,555,000. Finally, Prudential Financial Inc. boosted its position in shares of Stage Stores by 16.7% in the second quarter. Prudential Financial Inc. now owns 201,740 shares of the company’s stock worth $984,000 after buying an additional 28,817 shares during the last quarter. 93.62% of the stock is currently owned by hedge funds and other institutional investors.
About Stage Stores
Stage Stores, Inc operates specialty department stores mainly in small and mid-sized towns and communities. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Company operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business.