Paradigm Capital Management Inc. NY Has $5.04 Million Stake in Stage Stores, Inc. (SSI)
Paradigm Capital Management Inc. NY boosted its stake in Stage Stores, Inc. (NYSE:SSI) by 129.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,737,200 shares of the company’s stock after purchasing an additional 1,545,262 shares during the quarter. Paradigm Capital Management Inc. NY owned about 9.92% of Stage Stores worth $5,036,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in SSI. Parametric Portfolio Associates LLC grew its stake in Stage Stores by 16.8% during the first quarter. Parametric Portfolio Associates LLC now owns 258,830 shares of the company’s stock worth $670,000 after buying an additional 37,308 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Stage Stores by 9.0% during the first quarter. TIAA CREF Investment Management LLC now owns 84,264 shares of the company’s stock worth $218,000 after purchasing an additional 6,936 shares during the period. California Public Employees Retirement System increased its holdings in shares of Stage Stores by 66.8% in the 1st quarter. California Public Employees Retirement System now owns 480,400 shares of the company’s stock worth $1,244,000 after acquiring an additional 192,400 shares during the period. Dimensional Fund Advisors LP grew its position in Stage Stores by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,281,553 shares of the company’s stock valued at $5,909,000 after buying an additional 11,913 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Stage Stores by 11.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 719,382 shares of the company’s stock valued at $1,864,000 after buying an additional 75,590 shares in the last quarter. Hedge funds and other institutional investors own 62.19% of the company’s stock.
A number of analysts have commented on SSI shares. B. Riley reaffirmed a “sell” rating and set a $1.00 price objective on shares of Stage Stores in a research note on Friday, August 18th. Zacks Investment Research raised shares of Stage Stores from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, ValuEngine raised shares of Stage Stores from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.00.
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Shares of Stage Stores, Inc. (SSI) traded up $0.02 during midday trading on Friday, hitting $1.91. The company’s stock had a trading volume of 81,200 shares, compared to its average volume of 328,124. Stage Stores, Inc. has a 12 month low of $1.45 and a 12 month high of $5.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.73 and a quick ratio of 0.44.
Stage Stores (NYSE:SSI) last released its quarterly earnings results on Thursday, August 17th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.11). The business had revenue of $377.10 million during the quarter, compared to the consensus estimate of $374.78 million. Stage Stores had a negative net margin of 3.27% and a negative return on equity of 7.78%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. sell-side analysts predict that Stage Stores, Inc. will post -0.9 earnings per share for the current year.
Stage Stores Company Profile
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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