Shares of Stage Stores Inc. (NYSE:SSI) rose 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 traded. The stock had previously closed at $4.98.

SSI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Stage Stores from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Sterne Agee CRT restated a “neutral” rating on shares of Stage Stores in a research note on Monday, May 16th. B. Riley restated a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a research note on Friday, May 20th. Telsey Advisory Group dropped their target price on shares of Stage Stores from $7.50 to $5.25 and set a “market perform” rating on the stock in a research note on Friday, May 20th. Finally, TheStreet downgraded shares of Stage Stores from a “hold” rating to a “sell” rating in a research note on Friday, June 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.68.

The stock’s 50-day moving average price is $5.21 and its 200-day moving average price is $7.15. The firm’s market cap is $143.20 million.

Stage Stores (NYSE:SSI) last posted its quarterly earnings results on Thursday, May 19th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates 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. The company’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) EPS. Analysts predict that Stage Stores Inc. will post $0.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 26th. This represents a $0.60 dividend on an annualized basis and a yield of 11.34%.

In other news, SVP Richard E. Stasyszen bought 5,000 shares of Stage Stores stock in a transaction on Friday, May 20th. The shares were bought at an average cost of $5.10 per share, with a total value of $25,500.00. Following the completion of the purchase, the senior vice president now directly owns 51,158 shares of the company’s stock, valued at $260,905.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russ Lundy II bought 6,000 shares of Stage Stores stock in a transaction on Wednesday, May 25th. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $31,500.00. Following the completion of the purchase, 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.

A number of institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of 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 period. Mutual of America Capital Management LLC increased its position in shares of 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 period. Afam Capital Inc. increased its position in shares of 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 period. LSV Asset Management increased its position in shares of 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 period. Finally, GSA Capital Partners LLP increased its position in shares of 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 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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