Stage Stores Inc. (NYSE:SSI) shares were up 2.4% during mid-day trading on Monday . The company traded as high as $5.59 and last traded at $5.59, with a volume of 158,722 shares trading hands. The stock had previously closed at $5.46.

A number of research analysts recently issued reports on SSI shares. Zacks Investment Research cut shares of Stage Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, May 18th. TheStreet cut shares of Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Telsey Advisory Group decreased their target price on shares of Stage Stores from $7.50 to $5.25 and set a “market perform” rating for the company in a report on Friday, May 20th. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a report on Wednesday, May 25th. Three equities 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 stock. Stage Stores has a consensus rating of “Hold” and an average target price of $8.68.

The company’s market capitalization is $151.05 million. The company has a 50 day moving average price of $5.25 and a 200 day moving average price of $7.02.

Stage Stores (NYSE:SSI) last posted its quarterly earnings results on Thursday, May 19th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.09. The firm had revenue of $332.80 million for the quarter, compared to analysts’ expectations of $348.05 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. The company’s revenue was down 9.9% on a year-over-year basis. Equities research analysts anticipate that Stage Stores Inc. will post $0.21 EPS for the current fiscal year.

In related news, Director Earl J. Hesterberg purchased 15,000 shares of the business’s stock in a transaction dated Friday, May 20th. The shares were purchased at an average cost of $4.78 per share, for a total transaction of $71,700.00. Following the completion of the acquisition, the director now owns 52,895 shares in the company, valued at approximately $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 price of $5.25 per share, for a total transaction of $31,500.00. Following the completion of the acquisition, the executive vice president now owns 84,906 shares of the company’s stock, valued at approximately $445,756.50. The disclosure for this purchase can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Afam Capital Inc. raised 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 last quarter. Mutual of America Capital Management LLC raised 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 last quarter. Buckhead Capital Management LLC purchased a new stake in Stage Stores during the fourth quarter valued at approximately $1,200,000. GSA Capital Partners LLP raised its stake in Stage Stores by 25.0% in the fourth quarter. GSA Capital Partners LLP now owns 197,724 shares of the company’s stock valued at $1,801,000 after buying an additional 39,524 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Stage Stores by 36.7% in the fourth quarter. First Trust Advisors LP now owns 272,423 shares of the company’s stock valued at $2,482,000 after buying an additional 73,209 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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