Stage Stores (SSI) Stock Price Down 8.4%

Stage Stores Inc (NYSE:SSI)’s share price fell 8.4% on Monday . The company traded as low as $1.73 and last traded at $1.74. 734,536 shares changed hands during mid-day trading, an increase of 111% from the average session volume of 348,627 shares. The stock had previously closed at $1.90.

A number of brokerages recently weighed in on SSI. ValuEngine raised shares of Stage Stores from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 29th. Zacks Investment Research lowered shares of Stage Stores from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, B. Riley set a $1.00 target price on shares of Stage Stores and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Stage Stores has an average rating of “Hold” and a consensus price target of $1.50.

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.27 and a quick ratio of 0.28. The firm has a market capitalization of $48.07, a P/E ratio of -0.98 and a beta of 1.30.

Stage Stores (NYSE:SSI) last posted its quarterly earnings data on Thursday, November 16th. The company reported ($0.64) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.05. Stage Stores had a negative net margin of 3.33% and a negative return on equity of 8.67%. The company had revenue of $357.24 million during the quarter. During the same quarter in the prior year, the company earned ($0.57) earnings per share. equities analysts anticipate that Stage Stores Inc will post -1.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 28th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 11.30%. Stage Stores’s dividend payout ratio is -11.05%.

Institutional investors have recently bought and sold shares of the company. Paradigm Capital Management Inc. NY acquired a new position in shares of Stage Stores during the 2nd quarter worth about $2,479,000. Goldman Sachs Group Inc. boosted its stake in shares of Stage Stores by 123.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 266,747 shares of the company’s stock worth $555,000 after buying an additional 147,149 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Stage Stores by 275.7% during the 2nd quarter. Royce & Associates LP now owns 892,546 shares of the company’s stock worth $1,856,000 after buying an additional 655,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Stage Stores by 32.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,029,501 shares of the company’s stock worth $2,142,000 after buying an additional 250,085 shares during the last quarter. Finally, Axar Capital Management L.P. boosted its stake in shares of Stage Stores by 143.5% during the 2nd quarter. Axar Capital Management L.P. now owns 1,000,000 shares of the company’s stock worth $2,080,000 after buying an additional 589,241 shares during the last quarter. Institutional investors own 52.92% 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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