Zacks Investment Research Upgrades Stage Stores Inc. (SSI) to “Hold”
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. “
Other equities research analysts have also recently issued research reports about the stock. B. Riley restated a “neutral” rating and issued a $4.80 price target on shares of Stage Stores in a research report on Friday, August 19th. Telsey Advisory Group boosted their price target 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. Northcoast Research cut shares of 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. Finally, Johnson Rice cut shares of Stage Stores from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.33.
Stage Stores (NYSE:SSI) opened at 4.35 on Tuesday. The company’s market capitalization is $118.13 million. The firm has a 50-day moving average of $5.02 and a 200 day moving average of $5.38. Stage Stores has a one year low of $4.25 and a one year high of $9.98.
Stage Stores (NYSE:SSI) last announced its quarterly earnings results on Thursday, November 17th. The company reported ($0.57) earnings per share for the quarter, missing the 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 earned $317.10 million during the quarter, compared to the consensus estimate of $327.74 million. During the same quarter in the prior year, the firm posted ($0.29) EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. Equities research analysts predict that Stage Stores will post $0.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Tuesday, November 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 13.79%. The ex-dividend date of this dividend is Friday, November 25th. Stage Stores’s payout ratio is -136.36%.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Credit Suisse AG raised its position in 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 last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Stage Stores during the third quarter worth about $521,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $101,000 after buying an additional 17,628 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of Stage Stores by 18.7% in the third quarter. Spark Investment Management LLC now owns 355,100 shares of the company’s stock worth $1,992,000 after buying an additional 55,840 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Stage Stores by 24.6% in the third quarter. Northern Trust Corp now owns 485,046 shares of the company’s stock worth $2,721,000 after buying an additional 95,685 shares in the last quarter. 93.62% 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.
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