Stage Stores Inc Plans Quarterly Dividend of $0.13 (SSI)
Stage Stores (NYSE:SSI) declared a quarterly dividend on Friday, May 23rd, American Banking & Market News reports. Investors of record on Tuesday, June 3rd will be given a dividend of 0.125 per share on Wednesday, June 18th. This represents a $0.50 dividend on an annualized basis and a yield of 2.68%.
A number of analysts have recently weighed in on SSI shares. Analysts at TheStreet downgraded shares of Stage Stores from a “buy” rating to a “hold” rating in a research note on Thursday. On a related note, analysts at Nomura reiterated a “neutral” rating on shares of Stage Stores in a research note on Wednesday. They now have a $20.00 price target on the stock, down previously from $24.00. Finally, analysts at Telsey Advisory Group cut their price target on shares of Stage Stores from $25.00 to $21.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $21.95.
Stage Stores (NYSE:SSI) opened at 18.63 on Friday. Stage Stores has a 52-week low of $17.63 and a 52-week high of $25.51. The stock’s 50-day moving average is $20.74 and its 200-day moving average is $21.17. The company has a market cap of $591.0 million and a price-to-earnings ratio of 131.14.
Stage Stores (NYSE:SSI) last announced its earnings results on Tuesday, May 20th. The company reported ($0.38) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.38). The company had revenue of $372.00 million for the quarter, compared to the consensus estimate of $375.12 million. During the same quarter last year, the company posted ($0.02) earnings per share. Stage Stores’s revenue was up .0% compared to the same quarter last year. Analysts expect that Stage Stores will post $1.23 EPS 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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