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Stage Stores (NYSE:SSI) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, AnalystRatings.Net reports.

The analysts wrote, “Stage Stores (SSI) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Stage Stores from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $25.40 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Stage Stores from $23.50 to $26.00 in a research note on Friday, March 7th. They now have a “not rated” rating on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.85.

In other Stage Stores news, SVP Richard Stasyszen sold 3,000 shares of Stage Stores stock on the open market in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $24.47, for a total value of $73,410.00. Following the completion of the transaction, the senior vice president now directly owns 23,594 shares of the company’s stock, valued at approximately $577,345. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Stage Stores (NYSE:SSI) traded down 0.80% during mid-day trading on Wednesday, hitting $22.37. 92,039 shares of the company’s stock traded hands. Stage Stores has a one year low of $18.39 and a one year high of $29.59. The stock’s 50-day moving average is $22.71 and its 200-day moving average is $21.13. The company has a market cap of $706.2 million and a P/E ratio of 44.22. Stage Stores also saw a large decrease in short interest during the month of January. As of March 14th, there was short interest totalling 4,470,731 shares, a decrease of 30.5% from the February 28th total of 6,433,911 shares. Currently, 14.8% of the company’s shares are sold short. Based on an average daily trading volume, of 918,712 shares, the days-to-cover ratio is presently 4.9 days.

Stage Stores (NYSE:SSI) last announced its earnings results on Thursday, March 6th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.02. The company had revenue of $499.41 million for the quarter, compared to the consensus estimate of $510.36 million. During the same quarter last year, the company posted $1.33 earnings per share. Stage Stores’s revenue was down 5.4% compared to the same quarter last year. On average, analysts predict that Stage Stores will post $1.41 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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