Stage Stores Inc. (NYSE:SSI)’s share price shot 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. The stock had previously closed at $5.46.

A number of research firms have issued reports on SSI. Zacks Investment Research upgraded Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Sterne Agee CRT reiterated a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. B. Riley reiterated a “neutral” rating and issued a $4.80 price objective on shares of Stage Stores in a report on Wednesday, May 25th. TheStreet downgraded Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Finally, Telsey Advisory Group decreased their price objective 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.68.

The company’s market cap is $146.17 million. The company has a 50 day moving average price of $5.26 and a 200-day moving average price of $6.95.

Stage Stores (NYSE:SSI) last announced its 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 earned $332.80 million during the quarter, compared to analysts’ expectations of $348.05 million. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period last year, the business posted ($0.27) EPS. Equities analysts anticipate that Stage Stores Inc. will post $0.21 EPS for the current year.

In related news, Director Earl J. Hesterberg bought 15,000 shares of the company’s stock in a transaction dated Friday, May 20th. The stock was purchased at an average price of $4.78 per share, for a total transaction of $71,700.00. Following the acquisition, the director now owns 52,895 shares in the company, valued at $252,838.10. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Russ Lundy II bought 6,000 shares of the company’s stock in a transaction dated 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 owns 84,906 shares in the company, valued at approximately $445,756.50. The disclosure for this purchase can be found here.

Several institutional investors recently made changes to their positions in the company. Afam Capital Inc. boosted 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. Mutual of America Capital Management LLC boosted 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. Buckhead Capital Management LLC bought a new position in shares of Stage Stores during the fourth quarter worth approximately $1,200,000. GSA Capital Partners LLP boosted 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. Finally, First Trust Advisors LP boosted its position in shares of Stage Stores by 36.7% in the fourth quarter. First Trust Advisors LP now owns 272,423 shares of the company’s stock worth $2,482,000 after buying an additional 73,209 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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