Shares of Stage Stores Inc. (NYSE:SSI) fell 7.3% on Tuesday . The company traded as low as $4.75 and last traded at $4.80, with a volume of 205,518 shares. The stock had previously closed at $5.18.

A number of research firms have weighed in on SSI. B. Riley restated a “neutral” rating and set a $4.80 target price on shares of Stage Stores in a report on Wednesday, May 25th. Zacks Investment Research lowered Stage Stores from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. Sterne Agee CRT restated a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. Telsey Advisory Group lowered their target price on Stage Stores from $7.50 to $5.25 and set a “market perform” rating for the company in a report on Friday, May 20th. Finally, TheStreet lowered Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.68.

The company’s 50 day moving average is $5.21 and its 200 day moving average is $7.19. The firm’s market capitalization is $136.43 million.

Stage Stores (NYSE:SSI) last posted its earnings results on Thursday, May 19th. The company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.09. The company had revenue of $332.80 million for the quarter, compared to analysts’ expectations of $348.05 million. During the same period in the previous year, the business earned ($0.27) EPS. The business’s revenue was down 9.9% compared to the same quarter last year. Equities research analysts expect that Stage Stores Inc. will post $0.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.60 annualized dividend and a yield of 12.22%.

In related news, CEO Michael L. Glazer bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was purchased at an average price of $4.85 per share, for a total transaction of $48,500.00. Following the acquisition, the chief executive officer now owns 640,113 shares of the company’s stock, valued at $3,104,548.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Russ Lundy II bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The stock was bought at an average price of $5.25 per share, with a total value of $31,500.00. Following the acquisition, the executive vice president now directly owns 84,906 shares in the company, valued at approximately $445,756.50. The disclosure for this purchase can be found here.

A number of hedge funds recently bought and sold shares of the stock. Buckhead Capital Management LLC bought a new stake in Stage Stores during the fourth quarter valued at $1,200,000. Royce & Associates LLC increased its stake in Stage Stores by 164.3% in the fourth quarter. Royce & Associates LLC now owns 626,600 shares of the company’s stock valued at $5,708,000 after buying an additional 389,500 shares during the period. Principal Financial Group Inc. increased its stake in Stage Stores by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 210,757 shares of the company’s stock valued at $1,920,000 after buying an additional 9,722 shares during the period. Mutual of America Capital Management LLC increased its stake in Stage Stores by 9.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 129,785 shares of the company’s stock valued at $1,182,000 after buying an additional 11,210 shares during the period. Finally, Afam Capital Inc. increased its stake in Stage Stores by 20.8% in the fourth quarter. Afam Capital Inc. now owns 113,397 shares of the company’s stock valued at $1,033,000 after buying an additional 19,548 shares during the period.

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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