Stage Stores Lowered to “Hold” at TheStreet (SSI)
Stage Stores (NYSE:SSI) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Stock Ratings News reports.
The analysts wrote, “Stage Stores (SSI) has been downgraded by TheStreet Ratings from buy to hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.”
A number of other firms have also recently commented on SSI. Analysts at Nomura initiated coverage on shares of Stage Stores in a research note on Wednesday, February 12th. They set a “neutral” rating and a $20.00 price target on the stock. Analysts at Zacks downgraded shares of Stage Stores from a “neutral” rating to an “underperform” rating in a research note on Wednesday, December 18th. They now have a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Stage Stores presently has an average rating of “Hold” and an average target price of $24.00.
Shares of Stage Stores (NYSE:SSI) traded up 5.52% during mid-day trading on Wednesday, hitting $20.27. The stock had a trading volume of 132,316 shares. Stage Stores has a 52 week low of $18.39 and a 52 week high of $29.59. The stock has a 50-day moving average of $19.67 and a 200-day moving average of $20.44. The company has a market cap of $632.7 million and a price-to-earnings ratio of 22.98.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, February 28th.
Stage Stores, Inc (NYSE:SSI) is a Houston, Texas-based retailer, which operates both department stores and off-price stores.
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