Stage Stores Inc. (SSI) Stock Rating Lowered by Northcoast Research
Stage Stores Inc. (NYSE:SSI) was downgraded by equities research analysts at Northcoast Research from a “neutral” rating to a “sell” rating in a research note issued on Friday.
A number of other research firms also recently weighed in on SSI. Zacks Investment Research raised shares of Stage Stores from a “sell” rating to a “hold” rating in a research note on Thursday, October 20th. Johnson Rice downgraded shares of Stage Stores from a “buy” rating to a “hold” rating in a research report on Thursday. B. Riley reissued a “neutral” rating and set a $3.50 target price on shares of Stage Stores in a research report on Friday. Finally, Telsey Advisory Group increased their target price on shares of Stage Stores from $5.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, August 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.75.
Shares of Stage Stores (NYSE:SSI) opened at 4.78 on Friday. The firm’s market cap is $129.80 million. Stage Stores has a 52 week low of $4.30 and a 52 week high of $9.98. The firm’s 50-day moving average price is $5.22 and its 200 day moving average price is $5.51.
Stage Stores (NYSE:SSI) last posted its quarterly earnings results on Thursday, November 17th. The company reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.21. Stage Stores had a positive return on equity of 0.75% and a negative net margin of 0.30%. The company earned $317.10 million during the quarter, compared to analyst estimates of $327.74 million. During the same period last year, the company posted ($0.29) earnings per share. The company’s revenue was down 9.8% compared to the same quarter last year. Equities analysts anticipate that Stage Stores will post $0.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Tuesday, November 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 12.55%. The ex-dividend date is Friday, November 25th. Stage Stores’s dividend payout ratio is currently -333.31%.
Several large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Stage Stores by 135.5% in the first quarter. Prudential Financial Inc. now owns 172,923 shares of the company’s stock valued at $1,394,000 after buying an additional 99,503 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Stage Stores by 5.1% in the first quarter. Wellington Management Group LLP now owns 3,913,995 shares of the company’s stock valued at $31,547,000 after buying an additional 191,364 shares in the last quarter. Strs Ohio increased its stake in shares of Stage Stores by 8.3% in the second quarter. Strs Ohio now owns 53,600 shares of the company’s stock valued at $261,000 after buying an additional 4,100 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Stage Stores during the second quarter valued at about $1,555,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Stage Stores by 7.7% in the second quarter. Bank of New York Mellon Corp now owns 1,079,189 shares of the company’s stock valued at $5,267,000 after buying an additional 76,765 shares in the last quarter. 92.97% of the stock is currently owned by 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.
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