Stage Stores (NYSE:SSI) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

Separately, B. Riley set a $1.00 price target on Stage Stores and gave the company a “sell” rating in a research report on Wednesday, November 15th.

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Shares of Stage Stores (NYSE SSI) opened at $2.02 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.28 and a current ratio of 2.40. Stage Stores has a 52 week low of $1.45 and a 52 week high of $3.00.

Stage Stores (NYSE:SSI) last issued its quarterly earnings results on Thursday, March 8th. The company reported $0.45 EPS for the quarter. The company had revenue of $549.35 million during the quarter. Stage Stores had a negative return on equity of 6.61% and a negative net margin of 2.34%. During the same period in the previous year, the business posted $0.20 earnings per share. analysts anticipate that Stage Stores will post -1.15 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Paradigm Capital Management Inc. NY increased its position in shares of Stage Stores by 129.6% during the third quarter. Paradigm Capital Management Inc. NY now owns 2,737,200 shares of the company’s stock valued at $5,036,000 after acquiring an additional 1,545,262 shares during the last quarter. Royce & Associates LP increased its position in shares of Stage Stores by 14.0% during the fourth quarter. Royce & Associates LP now owns 1,182,546 shares of the company’s stock valued at $1,987,000 after acquiring an additional 145,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Stage Stores by 32.1% during the second quarter. Vanguard Group Inc. now owns 1,029,501 shares of the company’s stock valued at $2,142,000 after acquiring an additional 250,085 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Stage Stores by 8.4% during the third quarter. California Public Employees Retirement System now owns 571,784 shares of the company’s stock valued at $1,052,000 after acquiring an additional 44,484 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Stage Stores by 5,837.2% during the third quarter. JPMorgan Chase & Co. now owns 341,924 shares of the company’s stock valued at $609,000 after acquiring an additional 336,165 shares during the last quarter. 39.84% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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