Shares of Stage Stores Inc. (NYSE:SSI) shot up 7.2% during mid-day trading on Friday . The company traded as high as $5.97 and last traded at $5.93, with a volume of 247,822 shares changing hands. The stock had previously closed at $5.53.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. B. Riley reaffirmed a “neutral” rating and set a $4.80 price target on shares of Stage Stores in a report on Wednesday, May 25th. TheStreet downgraded shares of Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Finally, Telsey Advisory Group cut their price target on shares of Stage Stores from $7.50 to $5.25 and set a “market perform” rating for the company in a report on Friday, May 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Stage Stores currently has an average rating of “Hold” and an average price target of $8.68.

The company’s 50-day moving average is $5.35 and its 200 day moving average is $6.73. The company’s market capitalization is $157.00 million.

Stage Stores (NYSE:SSI) last posted 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 company had revenue of $332.80 million for the quarter, compared to analyst estimates of $348.05 million. The business’s revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) EPS. On average, analysts expect that Stage Stores Inc. will post $0.20 earnings per share for the current year.

In other Stage Stores news, EVP Russ Lundy II bought 6,000 shares of Stage Stores stock in a transaction dated Wednesday, May 25th. The stock was purchased at an average price of $5.25 per share, for a total transaction of $31,500.00. Following the completion of the purchase, the executive vice president now directly owns 84,906 shares of the company’s stock, valued at $445,756.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Earl J. Hesterberg bought 15,000 shares of Stage Stores stock in a transaction dated Friday, May 20th. The stock was acquired at an average price of $4.78 per share, with a total value of $71,700.00. Following the purchase, the director now directly owns 52,895 shares of the company’s stock, valued at $252,838.10. The disclosure for this purchase can be found here.

Other institutional investors have bought and sold shares of the company. Mutual of America Capital Management LLC increased its position 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 valued at $1,182,000 after buying an additional 11,210 shares during the last quarter. First Trust Advisors LP increased its position in 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. Finally, Royce & Associates LLC increased its position in 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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