Stage Stores, Inc. (NYSE:SSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Stage Stores operates retail stores offering moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family in small towns and communities located primarily throughout the south central United States. “

Several other research analysts also recently weighed in on the company. ValuEngine raised Stage Stores from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. B. Riley reaffirmed a “sell” rating and set a $1.00 target price on shares of Stage Stores in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.00.

Stage Stores (SSI) traded up 1.11% on Thursday, hitting $1.82. 253,011 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $1.83 and a 200-day moving average price of $2.12. The stock’s market cap is $50.22 million. Stage Stores has a 52-week low of $1.45 and a 52-week high of $5.88.

Stage Stores (NYSE:SSI) last announced its earnings results on Thursday, August 17th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.11). The business had revenue of $377.10 million for the quarter, compared to analyst estimates of $374.78 million. Stage Stores had a negative return on equity of 7.78% and a negative net margin of 3.27%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. Analysts predict that Stage Stores will post ($0.90) earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of SSI. Crescent Grove Advisors LLC purchased a new stake in shares of Stage Stores during the second quarter worth approximately $105,000. LMR Partners LLP purchased a new stake in shares of Stage Stores during the second quarter worth approximately $203,000. TIAA CREF Investment Management LLC increased its position in shares of Stage Stores by 9.0% during the first quarter. TIAA CREF Investment Management LLC now owns 84,264 shares of the company’s stock worth $218,000 after purchasing an additional 6,936 shares in the last quarter. Virtu KCG Holdings LLC increased its position in shares of Stage Stores by 376.6% during the second quarter. Virtu KCG Holdings LLC now owns 119,774 shares of the company’s stock worth $249,000 after purchasing an additional 94,642 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Stage Stores by 44.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,100 shares of the company’s stock worth $251,000 after purchasing an additional 1,575 shares in the last quarter. Hedge funds and other institutional investors own 62.16% of the company’s stock.

About Stage Stores

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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