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

Several research analysts have weighed in on SSI shares. Telsey Advisory Group lifted their target price on Stage Stores from $5.25 to $6.50 and gave the stock a “market perform” rating in a report on Friday, August 19th. Zacks Investment Research lowered Stage Stores from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. TheStreet lowered Stage Stores from a “hold” rating to a “sell” rating in a report on Friday, June 10th. 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 set a $4.80 target price on shares of Stage Stores in a report on Wednesday. Two 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $7.08.

The stock’s market cap is $152.31 million. The stock’s 50 day moving average is $5.77 and its 200-day moving average is $6.52.

Stage Stores (NYSE:SSI) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $338.40 million for the quarter, compared to analyst estimates of $347.07 million. The company’s revenue was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. On average, analysts forecast that Stage Stores Inc. will post $0.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders 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 dividend on an annualized basis and a yield of 10.70%.

An institutional investor recently raised its position in Stage Stores stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Stage Stores Inc. (NYSE:SSI) by 96.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 319,775 shares of the company’s stock after buying an additional 156,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.05% of Stage Stores worth $2,913,000 as of its most recent SEC filing.

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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