Stage Stores, Inc. (NYSE:SSI) Receives Average Recommendation of “Hold” from Brokerages
Shares of Stage Stores, Inc. (NYSE:SSI) have earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.75.
Several brokerages recently commented on SSI. Zacks Investment Research raised Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Johnson Rice lowered Stage Stores from an “accumulate” rating to a “hold” rating in a report on Friday, May 12th. B. Riley reaffirmed a “sell” rating and issued a $1.00 price objective on shares of Stage Stores in a report on Wednesday, May 24th. Finally, ValuEngine lowered Stage Stores from a “sell” rating to a “strong sell” rating in a report on Saturday, May 20th.
Stage Stores (NYSE:SSI) opened at 1.79 on Tuesday. Stage Stores has a 1-year low of $1.72 and a 1-year high of $6.56. The company’s market cap is $49.12 million. The stock’s 50 day moving average price is $2.07 and its 200 day moving average price is $2.40.
Stage Stores (NYSE:SSI) last issued its quarterly earnings data on Thursday, May 18th. The company reported ($0.55) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.13. Stage Stores had a negative return on equity of 6.23% and a negative net margin of 2.92%. The company had revenue of $308.60 million during the quarter, compared to analyst estimates of $303.93 million. During the same quarter in the previous year, the company posted ($0.56) earnings per share. Stage Stores’s revenue was down 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Stage Stores will post ($1.01) earnings per share for the current fiscal year.
In related news, CEO Michael L. Glazer purchased 20,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was acquired at an average price of $2.14 per share, with a total value of $42,800.00. Following the completion of the acquisition, the chief executive officer now owns 1,062,938 shares of the company’s stock, valued at approximately $2,274,687.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael L. Glazer purchased 25,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were bought at an average cost of $1.95 per share, with a total value of $48,750.00. Following the acquisition, the chief executive officer now directly owns 1,087,938 shares of the company’s stock, valued at approximately $2,121,479.10. The disclosure for this purchase can be found here. Insiders own 7.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky raised its stake in Stage Stores by 44.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,100 shares of the company’s stock valued at $251,000 after buying an additional 1,575 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Stage Stores by 9.0% in the first quarter. TIAA CREF Investment Management LLC now owns 84,264 shares of the company’s stock valued at $218,000 after buying an additional 6,936 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Stage Stores by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,281,553 shares of the company’s stock valued at $5,909,000 after buying an additional 11,913 shares in the last quarter. State Street Corp raised its stake in Stage Stores by 2.8% in the fourth quarter. State Street Corp now owns 774,717 shares of the company’s stock valued at $3,380,000 after buying an additional 21,031 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Stage Stores by 16.8% in the first quarter. Parametric Portfolio Associates LLC now owns 258,830 shares of the company’s stock valued at $670,000 after buying an additional 37,308 shares in the last quarter. 68.37% of the stock is owned by institutional investors and hedge funds.
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Stage Stores Company Profile
Stage Stores, Inc operates specialty department stores mainly in small and mid-sized towns and communities. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Company operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business.
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