Shares of Stage Stores Inc. (NYSE:SSI) were up 8.6% on Friday . The company traded as high as $5.42 and last traded at $5.41, with a volume of 262,483 shares changing hands. The stock had previously closed at $4.98.

A number of analysts have recently weighed in on SSI shares. Zacks Investment Research upgraded Stage Stores from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Sterne Agee CRT reissued a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. B. Riley reissued a “neutral” rating and set a $4.80 price target on shares of Stage Stores in a report on Friday, May 20th. Telsey Advisory Group lowered their price target 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 cut Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Stage Stores has an average rating of “Hold” and an average price target of $8.68.

The stock has a 50-day moving average price of $5.19 and a 200 day moving average price of $7.17. The stock’s market capitalization is $144.28 million.

Stage Stores (NYSE:SSI) last released its earnings results on Thursday, May 19th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.09. The business earned $332.80 million during the quarter, compared to analyst estimates of $348.05 million. During the same period in the prior year, the company earned ($0.27) earnings per share. Stage Stores’s revenue was down 9.9% on a year-over-year basis. Equities analysts forecast that Stage Stores Inc. will post $0.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.05%. The ex-dividend date of this dividend was Thursday, May 26th.

In related news, Director Earl J. Hesterberg purchased 15,000 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was purchased at an average cost of $4.78 per share, with a total value of $71,700.00. Following the completion of the acquisition, the director now directly owns 52,895 shares of the company’s stock, valued at $252,838.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Russ Lundy II purchased 6,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was bought at an average cost of $5.25 per share, with a total value of $31,500.00. Following the completion of the acquisition, the executive vice president now directly owns 84,906 shares of the company’s stock, valued at $445,756.50. The disclosure for this purchase can be found here.

Other institutional investors recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Stage Stores by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 210,757 shares of the company’s stock worth $1,920,000 after buying an additional 9,722 shares during the last quarter. Mutual of America Capital Management LLC raised its position 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 worth $1,182,000 after buying an additional 11,210 shares during the last quarter. Afam Capital Inc. raised its position in Stage Stores by 20.8% in the fourth quarter. Afam Capital Inc. now owns 113,397 shares of the company’s stock worth $1,033,000 after buying an additional 19,548 shares during the last quarter. LSV Asset Management raised its position in Stage Stores by 2.6% in the fourth quarter. LSV Asset Management now owns 1,195,434 shares of the company’s stock worth $10,890,000 after buying an additional 30,721 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Stage Stores by 25.0% in the fourth quarter. GSA Capital Partners LLP now owns 197,724 shares of the company’s stock worth $1,801,000 after buying an additional 39,524 shares during the last quarter.

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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