Stage Stores, Inc. (NYSE:SSI) shares dropped 7.7% during trading on Thursday . The stock traded as low as $1.76 and last traded at $1.81. Approximately 641,367 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 722,420 shares. The stock had previously closed at $1.96.

SSI has been the subject of several analyst reports. Zacks Investment Research upgraded Stage Stores from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. B. Riley restated a “sell” rating and issued a $1.00 target price on shares of Stage Stores in a research note on Friday, August 18th. Finally, ValuEngine upgraded Stage Stores from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2.00.

The company has a current ratio of 2.73, a quick ratio of 0.44 and a debt-to-equity ratio of 0.64.

Stage Stores (NYSE:SSI) last issued its quarterly earnings results on Thursday, August 17th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.11). The business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $374.78 million. Stage Stores had a negative net margin of 3.27% and a negative return on equity of 7.78%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. research analysts predict that Stage Stores, Inc. will post -0.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 11.05%. Stage Stores’s dividend payout ratio (DPR) is presently -11.43%.

Several institutional investors and hedge funds have recently modified their holdings of SSI. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Stage Stores by 44.7% during the 1st 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 holdings in shares of Stage Stores by 9.0% during the 1st 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 holdings in shares of Stage Stores by 0.5% during the 1st 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. Parametric Portfolio Associates LLC raised its holdings in shares of Stage Stores by 16.8% during the 1st 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. Finally, California Public Employees Retirement System raised its holdings in shares of Stage Stores by 8.4% during the 3rd quarter. California Public Employees Retirement System now owns 571,784 shares of the company’s stock valued at $1,052,000 after buying an additional 44,484 shares in the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

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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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