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

Several research firms have recently commented on SSI. Zacks Investment Research upgraded shares of Stage Stores from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Sterne Agee CRT reiterated a “neutral” rating on shares of Stage Stores in a research report on Monday, May 16th. B. Riley reiterated a “neutral” rating and issued a $4.80 price target on shares of Stage Stores in a research report on Wednesday, May 25th. TheStreet lowered shares of Stage Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Finally, Telsey Advisory Group lowered their price target on shares of Stage Stores from $7.50 to $5.25 and set a “market perform” rating on the stock in a research report on Friday, May 20th. 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 stock. The stock currently has an average rating of “Hold” and an average price target of $8.68.

The stock’s 50-day moving average is $5.27 and its 200 day moving average is $6.90. The stock’s market cap is $150.77 million.

Stage Stores (NYSE:SSI) last issued its quarterly earnings data on Thursday, May 19th. The company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) EPS. On average, analysts forecast that Stage Stores Inc. will post $0.20 EPS for the current fiscal year.

In related news, CEO Michael L. Glazer purchased 10,000 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were bought at an average cost of $4.85 per share, for a total transaction of $48,500.00. Following the transaction, the chief executive officer now owns 640,113 shares of the company’s stock, valued at $3,104,548.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard E. Stasyszen purchased 5,000 shares of the company’s stock in a transaction on Friday, May 20th. The shares were bought at an average price of $5.10 per share, for a total transaction of $25,500.00. Following the completion of the transaction, the senior vice president now directly owns 51,158 shares in the company, valued at approximately $260,905.80. The disclosure for this purchase can be found here.

Several hedge funds recently added to or reduced their stakes in the company. Buckhead Capital Management LLC bought a new stake in Stage Stores during the fourth quarter worth approximately $1,200,000. Royce & Associates LLC increased its stake in Stage Stores by 164.3% in the fourth quarter. Royce & Associates LLC now owns 626,600 shares of the company’s stock worth $5,708,000 after buying an additional 389,500 shares during the period. Mutual of America Capital Management LLC increased 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 worth $1,182,000 after buying an additional 11,210 shares during the period. Afam Capital Inc. increased 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 worth $1,033,000 after buying an additional 19,548 shares during the period. Finally, GSA Capital Partners LLP increased 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.