Stage Stores, Inc. (SSI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Stage Stores, Inc. (NYSE:SSI) have earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $3.75.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Stage Stores from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. Johnson Rice cut Stage Stores from an “accumulate” rating to a “hold” rating in a research report on Friday, May 12th. B. Riley restated a “sell” rating and set a $1.00 target price on shares of Stage Stores in a research report on Wednesday, May 24th. Finally, ValuEngine cut Stage Stores from a “sell” rating to a “strong sell” rating in a report on Saturday, May 20th.

In other news, CEO Michael L. Glazer acquired 25,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were bought at an average cost of $1.95 per share, for a total transaction of $48,750.00. Following the acquisition, the chief executive officer now owns 1,087,938 shares in the company, valued at approximately $2,121,479.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael L. Glazer acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average price of $2.14 per share, for a total transaction of $42,800.00. Following the completion of the acquisition, the chief executive officer now owns 1,062,938 shares in the company, valued at approximately $2,274,687.32. The disclosure for this purchase can be found here. Insiders own 7.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Crescent Grove Advisors LLC purchased a new position in Stage Stores during the second quarter valued at $105,000. LMR Partners LLP purchased a new position in Stage Stores during the second quarter valued at $203,000. TIAA CREF Investment Management LLC increased its position 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Stage Stores during the first quarter valued at $246,000. Finally, Teachers Retirement System of The State of Kentucky increased its position 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 during the last quarter. Institutional investors own 68.37% of the company’s stock.

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Stage Stores (SSI) opened at 1.79 on Tuesday. The stock has a 50 day moving average price of $2.07 and a 200-day moving average price of $2.40. The company’s market cap is $49.12 million. Stage Stores has a 1-year low of $1.72 and a 1-year high of $6.56.

Stage Stores (NYSE:SSI) last posted its earnings results on Thursday, May 18th. The company reported ($0.55) EPS for the quarter, beating the Zacks’ 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 firm had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $303.93 million. During the same period last year, the firm earned ($0.56) EPS. The company’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities research analysts forecast that Stage Stores will post ($1.01) EPS for the current year.

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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