Stage Stores Inc. (NYSE:SSI) Receives Consensus Rating of “Hold” from Analysts
Stage Stores Inc. (NYSE:SSI) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.08.
A number of brokerages have recently issued reports on SSI. Zacks Investment Research cut Stage Stores from a “hold” rating to a “sell” rating in a research note on Saturday, August 20th. B. Riley reiterated a “neutral” rating and set a $4.80 price objective on shares of Stage Stores in a research note on Wednesday, August 24th. Telsey Advisory Group upped their price objective on Stage Stores from $5.25 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, August 19th. Finally, TheStreet cut Stage Stores from a “hold” rating to a “sell” rating in a research note on Friday, June 10th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System raised its position in shares of Stage Stores by 2.0% in the first quarter. Arizona State Retirement System now owns 15,631 shares of the company’s stock worth $126,000 after buying an additional 300 shares in the last quarter. Royal Bank of Canada raised its position in shares of Stage Stores by 3.0% in the second quarter. Royal Bank of Canada now owns 36,146 shares of the company’s stock worth $176,000 after buying an additional 1,046 shares in the last quarter. Quantitative Investment Management LLC raised its position in shares of Stage Stores by 4.4% in the second quarter. Quantitative Investment Management LLC now owns 28,200 shares of the company’s stock worth $137,000 after buying an additional 1,200 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Stage Stores by 6.6% in the second quarter. Alliancebernstein L.P. now owns 32,510 shares of the company’s stock worth $159,000 after buying an additional 2,000 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of Stage Stores by 5.9% in the second quarter. BlackRock Group LTD now owns 37,376 shares of the company’s stock worth $183,000 after buying an additional 2,069 shares in the last quarter. 94.70% of the stock is currently owned by hedge funds and other institutional investors.
Stage Stores (NYSE:SSI) opened at 5.55 on Thursday. Stage Stores has a 12 month low of $4.44 and a 12 month high of $11.34. The company’s market capitalization is $150.70 million. The company has a 50-day moving average price of $5.69 and a 200 day moving average price of $6.25.
Stage Stores (NYSE:SSI) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.02. Stage Stores had a positive return on equity of 0.75% and a negative net margin of 0.30%. The company had revenue of $338.40 million for the quarter, compared to the consensus estimate of $347.07 million. During the same quarter in the prior year, the company earned $0.22 EPS. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, equities research analysts forecast that Stage Stores will post $0.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Tuesday, August 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date was Friday, August 26th. Stage Stores’s payout ratio is presently -333.31%.
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.
Receive News & Ratings for Stage Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stage Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.