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Equities researchers at Telsey Advisory Group cut their price target on shares of Stage Stores (NYSE:SSI) from $21.00 to $18.00 in a research report issued on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective indicates a potential downside of 2.70% from the stock’s previous close.

Shares of Stage Stores (NYSE:SSI) traded down 2.99% during mid-day trading on Friday, hitting $16.52. The stock had a trading volume of 129,265 shares. 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 $524.0 million and a price-to-earnings ratio of 121.64.

Stage Stores (NYSE:SSI) last released its earnings data on Thursday, August 21st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts predict that Stage Stores will post $1.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, August 28th.

Separately, 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $21.70.

Stage Stores, Inc (NYSE:SSI) is a Houston, Texas-based retailer, which operates both department stores and off-price stores.

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