Stage Stores Stock Rating Lowered by Buckingham Research (SSI)
Stage Stores (NYSE:SSI) was downgraded by investment analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Stage Stores (NYSE:SSI) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.00.
Shares of Stage Stores (NYSE:SSI) opened at 20.32 on Monday. Stage Stores has a one year low of $18.41 and a one year high of $29.59. The stock’s 50-day moving average is $20.40 and its 200-day moving average is $23.99. The company has a market cap of $645.6 million and a price-to-earnings ratio of 22.60.
Stage Stores (NYSE:SSI) last announced its earnings results on Thursday, August 22nd. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.05. The company had revenue of $395.00 million for the quarter, compared to the consensus estimate of $403.55 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Stage Stores will post $1.34 earnings per share for the current fiscal year.
Stage Stores, Inc (NYSE:SSI) is a Houston, Texas-based retailer, which operates both department stores and off-price stores.
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