Stage Stores Inc. (SSI) Trading Up 2.7%
Stage Stores Inc. (NYSE:SSI)’s share price was up 2.7% during mid-day trading on Monday . The stock traded as high as $5.77 and last traded at $5.76, with a volume of 127,163 shares traded. The stock had previously closed at $5.61.
Several equities analysts have recently issued reports on SSI shares. TheStreet cut shares of Stage Stores from a “hold” rating to a “sell” rating in a research note on Friday, June 10th. Zacks Investment Research raised shares of Stage Stores from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. 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 report on Friday, May 20th. Sterne Agee CRT reiterated a “neutral” rating on shares of Stage Stores in a report on Monday, May 16th. Finally, B. Riley reiterated a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Stage Stores has a consensus rating of “Hold” and a consensus target price of $7.08.
The company’s market capitalization is $159.91 million. The company has a 50 day moving average of $5.77 and a 200-day moving average of $6.52.
Stage Stores (NYSE:SSI) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $338.40 million for the quarter, compared to analyst estimates of $347.07 million. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, equities analysts anticipate that Stage Stores Inc. will post $0.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Tuesday, August 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 26th. This represents a $0.60 annualized dividend and a yield of 10.19%.
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.