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Stage Stores (NYSE:SSI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday. They currently have a $15.80 price objective on the stock. Zacks‘s target price points to a potential downside of 4.93% from the company’s current price.

Separately, analysts at Telsey Advisory Group cut their price target on shares of Stage Stores from $21.00 to $18.00 in a research note on Friday. They now have a “not rated” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.13.

Stage Stores (NYSE:SSI) traded up 1.56% during mid-day trading on Tuesday, hitting $16.88. 110,559 shares of the company’s stock traded hands. Stage Stores has a one year low of $16.09 and a one year high of $25.39. The stock has a 50-day moving average of $18.36 and a 200-day moving average of $20.07. The company has a market cap of $536.6 million and a price-to-earnings ratio of 86.56.

Stage Stores (NYSE:SSI) last announced its 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. Analysts expect that Stage Stores will post $1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders 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 3.37%. The ex-dividend date is Thursday, August 28th. This is a positive change from Stage Stores’s previous quarterly dividend of $0.13.

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

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