Stage Stores, Inc. (SSI) Lowered to “Hold” at Johnson Rice

Johnson Rice cut shares of Stage Stores, Inc. (NYSE:SSI) from an accumulate rating to a hold rating in a research report report published on Friday, May 12th, Marketbeat Ratings reports.

A number of other research analysts have also recently issued reports on SSI. Northcoast Research upgraded Stage Stores from a sell rating to a neutral rating in a research note on Tuesday, February 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Stage Stores from a sell rating to a hold rating in a research note on Thursday, May 4th. Finally, B. Riley reiterated a sell rating and set a $1.00 price objective on shares of Stage Stores in a research note on Monday, March 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $3.50.

Shares of Stage Stores (SSI) traded up 0.83% during mid-day trading on Friday, reaching $2.44. 465,391 shares of the company’s stock traded hands. Stage Stores has a 12 month low of $1.80 and a 12 month high of $6.56. The company’s market cap is $66.95 million. The company has a 50 day moving average of $2.42 and a 200 day moving average of $2.96.

Stage Stores (NYSE:SSI) last released its quarterly earnings results on Thursday, May 18th. The company reported ($0.55) earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $303.93 million. During the same period in the previous year, the company posted ($0.56) earnings per share. The firm’s revenue was down 7.3% on a year-over-year basis. Analysts expect that Stage Stores will post ($1.06) earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Tuesday, May 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date was Thursday, May 25th. Stage Stores’s dividend payout ratio (DPR) is presently -13.07%.

A number of hedge funds have recently bought and sold shares of the stock. 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. Dynamic Technology Lab Private Ltd bought a new stake in Stage Stores during the first quarter valued at about $246,000. 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. Tudor Investment Corp ET AL bought a new stake in Stage Stores during the first quarter valued at about $331,000. Finally, Divisar Capital Management LLC bought a new stake in Stage Stores during the fourth quarter valued at about $515,000. Institutional investors own 68.63% of the company’s stock.

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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