Stage Stores Inc. (NYSE:SSI) traded down 2.8% during mid-day trading on Thursday . The stock traded as low as $5.99 and last traded at $6.00, with a volume of 354,800 shares trading hands. The stock had previously closed at $6.17.

SSI has been the topic of several recent analyst reports. B. Riley reiterated a “neutral” rating and issued a $4.80 price target on shares of Stage Stores in a report on Wednesday. Zacks Investment Research downgraded Stage Stores from a “hold” rating to a “sell” rating in a report on Saturday, August 20th. Telsey Advisory Group increased their price target on Stage Stores from $5.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, August 19th. TheStreet downgraded Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Finally, Sterne Agee CRT reiterated a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.08.

The stock’s market cap is $162.08 million. The company has a 50-day moving average of $5.75 and a 200-day moving average of $6.53.

Stage Stores (NYSE:SSI) last released its earnings results on Thursday, August 18th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.02. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm had revenue of $338.40 million for the quarter, compared to the consensus estimate of $347.07 million. The business’s revenue was down 11.2% on a year-over-year basis. Analysts predict that Stage Stores Inc. will post $0.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Tuesday, August 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.05%. The ex-dividend date is Friday, August 26th.

A hedge fund recently raised its stake in Stage Stores stock. Mutual of America Capital Management LLC increased its stake in Stage Stores Inc. (NYSE:SSI) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,785 shares of the company’s stock after buying an additional 11,210 shares during the period. Mutual of America Capital Management LLC owned about 0.42% of Stage Stores worth $1,182,000 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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