Shares of Stage Stores Inc. (NYSE:SSI) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.33.

SSI has been the topic of a number of recent analyst reports. Johnson Rice downgraded Stage Stores from a “buy” rating to a “hold” rating in a research report 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 report on Friday, November 18th. Zacks Investment Research raised Stage Stores from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. Telsey Advisory Group upped their target price on Stage Stores from $5.25 to $6.50 and gave the company a “market perform” rating in a research report on Friday, August 19th. Finally, B. Riley reissued a “neutral” rating and issued a $3.50 target price on shares of Stage Stores in a research report on Friday, November 18th.

Shares of Stage Stores (NYSE:SSI) opened at 4.47 on Friday. The firm’s 50-day moving average price is $5.02 and its 200-day moving average price is $5.38. Stage Stores has a 12-month low of $4.25 and a 12-month high of $9.98. The company’s market capitalization is $121.39 million.

Stage Stores (NYSE:SSI) last issued its quarterly earnings results on Thursday, November 17th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.21. The business had revenue of $317.10 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) earnings per share. On average, analysts expect that Stage Stores will post $0.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Tuesday, November 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 13.42%. The ex-dividend date is Friday, November 25th. Stage Stores’s payout ratio is -136.36%.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 last quarter. Stifel Financial Corp raised its stake 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 raised its stake 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. raised its stake 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 raised its stake 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. 93.62% of the stock is currently owned by institutional investors.

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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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