Stage Stores Inc. (NYSE:SSI)’s share price was down 5.8% on Tuesday . The stock traded as low as $5.51 and last traded at $5.52, with a volume of 168,332 shares. The stock had previously closed at $5.86.

SSI has been the subject of several analyst reports. Zacks Investment Research cut shares of Stage Stores from a “hold” rating to a “sell” rating in a research note on Wednesday, May 18th. TheStreet cut shares of Stage Stores from a “hold” rating to a “sell” rating in a research note 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 research note on Friday, May 20th. Sterne Agee CRT reissued a “neutral” rating on shares of Stage Stores in a research note on Monday, May 16th. Finally, B. Riley reissued a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a research note on Wednesday, May 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Stage Stores has an average rating of “Hold” and a consensus price target of $8.68.

The stock’s 50 day moving average is $5.35 and its 200 day moving average is $6.73. The firm’s market capitalization is $149.69 million.

Stage Stores (NYSE:SSI) last issued its earnings results on Thursday, May 19th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by $0.09. The firm earned $332.80 million during the quarter, compared to the consensus estimate of $348.05 million. During the same quarter last year, the firm earned ($0.27) earnings per share. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. On average, analysts expect that Stage Stores Inc. will post $0.20 earnings per share for the current fiscal year.

In other news, Director Earl J. Hesterberg bought 15,000 shares of the stock in a transaction dated Friday, May 20th. The shares were bought at an average cost of $4.78 per share, with a total value of $71,700.00. Following the completion of the transaction, the director now directly owns 52,895 shares of the company’s stock, valued at $252,838.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael L. Glazer bought 10,000 shares of the stock in a transaction dated Monday, May 23rd. The shares were purchased at an average cost of $4.85 per share, for a total transaction of $48,500.00. Following the completion of the transaction, the chief executive officer now directly owns 640,113 shares of the company’s stock, valued at $3,104,548.05. The disclosure for this purchase can be found here.

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP raised 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 last quarter. Mutual of America Capital Management LLC raised 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 last quarter. Finally, Royce & Associates LLC raised its position 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.

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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