Stage Stores Inc. (NYSE:SSI) declared a quarterly dividend on Thursday, November 17th. Shareholders of record on Tuesday, November 29th will be paid a dividend of 0.15 per share on Wednesday, December 14th. This represents a $0.60 dividend on an annualized basis and a yield of 13.48%. The ex-dividend date of this dividend is Friday, November 25th.

Stage Stores (NYSE:SSI) opened at 4.45 on Friday. Stage Stores has a 52 week low of $4.38 and a 52 week high of $9.98. The company’s market cap is $120.84 million. The firm has a 50-day moving average of $5.23 and a 200-day moving average of $5.58.

Stage Stores (NYSE:SSI) last posted its earnings results on Thursday, November 17th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.21. The company earned $317.10 million during 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 firm’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company posted ($0.29) EPS. Equities analysts forecast that Stage Stores will post $0.17 earnings per share for the current year.

Dividend History for Stage Stores (NYSE:SSI)

A number of brokerages recently issued reports on SSI. Northcoast Research lowered shares of Stage Stores from a “neutral” rating to a “sell” rating in a report on Friday. B. Riley reiterated a “neutral” rating and issued a $3.50 price objective on shares of Stage Stores in a report on Friday. Johnson Rice lowered shares of Stage Stores from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, October 20th. Finally, Telsey Advisory Group raised their price objective 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.75.

Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Stage Stores by 3,908.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,079 shares of the company’s stock valued at $101,000 after buying an additional 17,628 shares during the period. Alliancebernstein L.P. increased its stake in shares of 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 period. BlackRock Group LTD increased its stake in shares of 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 period. California State Teachers Retirement System increased its stake in shares of Stage Stores by 0.9% in the third quarter. California State Teachers Retirement System now owns 54,265 shares of the company’s stock valued at $304,000 after buying an additional 500 shares during the period. Finally, Credit Suisse AG increased its stake in shares of Stage Stores by 179.3% in the third quarter. Credit Suisse AG now owns 84,343 shares of the company’s stock valued at $473,000 after buying an additional 54,147 shares during the period. 92.97% of the stock is 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.

5 Day Chart for NYSE:SSI

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