Stage Stores Inc. (NYSE:SSI) was down 3% during mid-day trading on Thursday . The company traded as low as $5.57 and last traded at $5.59, with a volume of 278,965 shares traded. The stock had previously closed at $5.76.

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

The stock’s market capitalization is $151.59 million. The company’s 50-day moving average is $5.28 and its 200 day moving average is $6.93.

Stage Stores (NYSE:SSI) last posted its quarterly earnings data on Thursday, May 19th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.09. The business had revenue of $332.80 million for the quarter, compared to analysts’ expectations of $348.05 million. During the same period last year, the business posted ($0.27) EPS. The business’s revenue was down 9.9% on a year-over-year basis. Analysts anticipate that Stage Stores Inc. will post $0.20 EPS for the current year.

In other news, Director Earl J. Hesterberg acquired 15,000 shares of the firm’s stock in a transaction on 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 purchase, 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 available at the SEC website. Also, CEO Michael L. Glazer acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $4.85 per share, with a total value of $48,500.00. Following the purchase, the chief executive officer now owns 640,113 shares in the company, valued at approximately $3,104,548.05. The disclosure for this purchase can be found here.

Several large investors recently modified their holdings of SSI. First Trust Advisors LP raised its stake 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 valued at $2,482,000 after buying an additional 73,209 shares during the last quarter. GSA Capital Partners LLP raised its stake 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 valued at $1,801,000 after buying an additional 39,524 shares during the last quarter. Afam Capital Inc. raised its stake 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 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 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 valued at $1,182,000 after buying an additional 11,210 shares during the last quarter. Finally, Royce & Associates LLC raised its stake in shares of 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 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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