Shares of Stage Stores Inc. (NYSE:SSI) fell 5.8% during mid-day trading on Tuesday . The company traded as low as $5.51 and last traded at $5.52, with a volume of 168,332 shares changing hands. The stock had previously closed at $5.86.

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

The company’s 50 day moving average is $5.32 and its 200-day moving average is $6.77. The stock’s market capitalization is $146.71 million.

Stage Stores (NYSE:SSI) last released its quarterly earnings data on Thursday, May 19th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned ($0.27) EPS. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Equities research analysts forecast that Stage Stores Inc. will post $0.20 earnings per share for the current year.

In related news, EVP Russ Lundy II bought 6,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were purchased at an average price of $5.25 per share, with a total value of $31,500.00. Following the purchase, the executive vice president now owns 84,906 shares of the company’s stock, valued at approximately $445,756.50. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Richard E. Stasyszen bought 5,000 shares of the business’s stock in a transaction dated Friday, May 20th. The shares were bought at an average cost of $5.10 per share, for a total transaction of $25,500.00. Following the purchase, 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.

Other large investors recently made changes to their positions in the company. Buckhead Capital Management LLC bought a new stake in shares of Stage Stores during the fourth quarter worth $1,200,000. 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 worth $5,708,000 after buying an additional 389,500 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 worth $1,182,000 after buying an additional 11,210 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 worth $1,801,000 after buying an additional 39,524 shares during the last quarter. Finally, 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 worth $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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