Stage Stores Inc (SSI) Declares Quarterly Dividend of $0.14
Stage Stores (NYSE:SSI) declared a quarterly dividend on Friday, August 22nd, AnalystRatings.NET reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.14 per share on Wednesday, September 17th. This represents a $0.56 dividend on an annualized basis and a yield of 3.03%.
On the ratings front, analysts at Zacks upgraded shares of Stage Stores from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $19.20 price target on the stock. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.20.
Stage Stores (NYSE:SSI) opened at 17.03 on Friday. Stage Stores has a 52 week low of $16.86 and a 52 week high of $25.39. The stock has a 50-day moving average of $18.49 and a 200-day moving average of $20.10. The company has a market cap of $540.2 million and a P/E ratio of 132.14.
Stage Stores (NYSE:SSI) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.08. The company had revenue of $377.00 million for the quarter, compared to the consensus estimate of $397.60 million. During the same quarter last year, the company posted $0.41 earnings per share. Stage Stores’s revenue was down 4.5% compared to the same quarter last year. On average, analysts predict that Stage Stores will post $1.22 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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