Stage Stores Inc. (NYSE:SSI) shares fell 3.8% during trading on Wednesday . The company traded as low as $5.30 and last traded at $5.32, with a volume of 223,850 shares trading hands. The stock had previously closed at $5.53.

A number of brokerages have commented on SSI. Zacks Investment Research upgraded Stage Stores from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. B. Riley restated a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a research note on Wednesday, August 24th. Sterne Agee CRT restated a “neutral” rating on shares of Stage Stores in a research note on Monday, May 16th. Telsey Advisory Group boosted their target price on Stage Stores from $5.25 to $6.50 and gave the company a “market perform” rating in a research note on Friday, August 19th. Finally, TheStreet downgraded Stage Stores from a “hold” rating to a “sell” rating in a research note on Friday, June 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Stage Stores presently has a consensus rating of “Hold” and a consensus price target of $7.08.

The firm has a 50 day moving average price of $5.78 and a 200 day moving average price of $6.48. The company’s market capitalization is $146.06 million.

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 Zacks’ consensus estimate of $0.05 by $0.02. During the same period in the prior year, the company earned $0.22 earnings per share. The firm had revenue of $338.40 million for the quarter, compared to analysts’ expectations of $347.07 million. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. Equities analysts expect that Stage Stores Inc. will post $0.17 EPS 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date is Friday, August 26th.

A hedge fund recently raised its stake in Stage Stores stock. Ameriprise Financial Inc. boosted its stake in Stage Stores Inc. (NYSE:SSI) by 34.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 199,453 shares of the company’s stock after buying an additional 50,643 shares during the period. Ameriprise Financial Inc. owned approximately 0.65% of Stage Stores worth $1,818,000 as of its most recent filing with the SEC.

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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