Stage Stores Inc. (NYSE:SSI) shares rose 6.5% during trading on Thursday . The stock traded as high as $6.14 and last traded at $6.06, with a volume of 306,466 shares traded. The stock had previously closed at $5.69.

SSI has been the topic of several recent research reports. Zacks Investment Research raised Stage Stores from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 27th. TheStreet downgraded Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Telsey Advisory Group cut their target price on Stage Stores from $7.50 to $5.25 and set a “market perform” rating on the stock in a report on Friday, May 20th. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. Finally, B. Riley reaffirmed a “neutral” rating and set a $4.80 target price on shares of Stage Stores in a report on Wednesday, May 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $8.68.

The firm has a 50-day moving average of $5.49 and a 200-day moving average of $6.66. The firm’s market capitalization is $168.64 million.

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

In other news, EVP Russ Lundy II bought 6,000 shares of Stage Stores stock in a transaction that occurred on Wednesday, May 25th. The shares were acquired at an average price of $5.25 per share, with a total value of $31,500.00. Following the completion of the purchase, the executive vice president now directly owns 84,906 shares in the company, valued at $445,756.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard E. Stasyszen bought 5,000 shares of Stage Stores stock in a transaction that occurred on Friday, May 20th. The stock was purchased 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 owns 51,158 shares of the company’s stock, valued at $260,905.80. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted 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 worth $1,182,000 after buying an additional 11,210 shares in the last quarter. First Trust Advisors LP boosted 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 worth $2,482,000 after buying an additional 73,209 shares in the last quarter. Finally, Royce & Associates LLC boosted 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 worth $5,708,000 after buying an additional 389,500 shares in 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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