Stage Stores Inc. (NYSE:SSI) shares fell 1.9% on Monday . The stock traded as low as $6.10 and last traded at $6.11, with a volume of 147,149 shares trading hands. The stock had previously closed at $6.23.

Several research firms recently weighed in on SSI. 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 reissued a “neutral” rating on shares of Stage Stores in a research report on Monday, May 16th. B. Riley restated a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a research note on Wednesday, May 25th. TheStreet downgraded Stage Stores from a “hold” rating to a “sell” rating in a research note on Friday, June 10th. Finally, 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 note on Friday, May 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.68.

The company’s market capitalization is $157.54 million. The stock has a 50 day moving average of $5.56 and a 200-day moving average of $6.61.

In other Stage Stores news, Director Earl J. Hesterberg acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $4.78 per share, with a total value of $71,700.00. Following the purchase, the director now owns 52,895 shares of the company’s stock, valued at approximately $252,838.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russ Lundy II acquired 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $31,500.00. Following the purchase, the executive vice president now directly owns 84,906 shares in the company, valued at approximately $445,756.50. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Stage Stores stock. Royce & Associates LLC raised its stake in Stage Stores Inc. (NYSE:SSI) by 164.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 626,600 shares of the company’s stock after buying an additional 389,500 shares during the period. Royce & Associates LLC owned 2.05% of Stage Stores worth $5,708,000 at the end of the most recent 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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