Stage Stores Inc. (NYSE:SSI) – B. Riley reduced their Q4 2017 earnings estimates for shares of Stage Stores in a research report issued to clients and investors on Friday. B. Riley analyst J. Van. Sinderen now expects that the brokerage will post earnings of $0.81 per share for the quarter, down from their previous forecast of $1.01. B. Riley has a “Neutral” rating and a $3.50 price objective on the stock. B. Riley also issued estimates for Stage Stores’ Q4 2018 earnings at $0.89 EPS.

Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Stage Stores from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Johnson Rice downgraded Stage Stores from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. Northcoast Research downgraded Stage Stores from a “neutral” rating to a “sell” rating and set a $3.00 price target on the stock. in a research note on Friday, November 18th. Finally, Telsey Advisory Group upped their price target on Stage Stores from $5.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.33.

Earnings History and Estimates for Stage Stores (NYSE:SSI)

Stage Stores (NYSE:SSI) traded up 1.875% during mid-day trading on Monday, reaching $4.401. The company’s stock had a trading volume of 359,630 shares. The firm’s market cap is $119.51 million. Stage Stores has a 12-month low of $4.30 and a 12-month high of $9.98. The company has a 50-day moving average price of $5.13 and a 200-day moving average price of $5.43.

Stage Stores (NYSE:SSI) last released its earnings results on Thursday, November 17th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm earned $317.10 million during the quarter, compared to analysts’ expectations of $327.74 million. During the same period in the prior year, the business earned ($0.29) earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in SSI. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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. Stifel Financial Corp boosted its position in Stage Stores by 11.1% in the second quarter. Stifel Financial Corp now owns 21,210 shares of the company’s stock valued at $104,000 after buying an additional 2,125 shares during the last quarter. Quantitative Investment Management LLC boosted its position in Stage Stores by 4.4% in the second quarter. Quantitative Investment Management LLC now owns 28,200 shares of the company’s stock valued at $137,000 after buying an additional 1,200 shares during the last quarter. Alliancebernstein L.P. boosted 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. Finally, Royal Bank of Canada boosted its position in Stage Stores by 3.0% in the second quarter. Royal Bank of Canada now owns 36,146 shares of the company’s stock valued at $176,000 after buying an additional 1,046 shares during the last quarter. 90.95% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 29th will be given 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 13.89%. Stage Stores’s dividend payout ratio (DPR) is presently -136.36%.

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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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