Stage Stores Inc. (SSI) Trading Up 2.7%
Stage Stores Inc. (NYSE:SSI) shares were 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 research analysts have issued reports on SSI shares. Zacks Investment Research raised Stage Stores from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Telsey Advisory Group raised their target price on Stage Stores from $5.25 to $6.50 and gave the stock a “market perform” rating in a research report on Friday, August 19th. Sterne Agee CRT reissued a “neutral” rating on shares of Stage Stores in a research report on Monday, May 16th. B. Riley reissued a “neutral” rating and issued a $4.80 target price on shares of Stage Stores in a research report on Friday, May 20th. Finally, TheStreet cut Stage Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.08.
The firm’s 50-day moving average price is $5.79 and its 200-day moving average price is $6.49. The company’s market cap is $146.06 million.
Stage Stores (NYSE:SSI) last announced its earnings results on Thursday, August 18th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.02. During the same period in the previous year, the company earned $0.22 EPS. The firm earned $338.40 million during the quarter, compared to the consensus estimate of $347.07 million. Stage Stores’s quarterly revenue was down 11.2% on a year-over-year basis. Equities analysts predict that Stage Stores Inc. will post $0.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Tuesday, August 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 26th. This represents a $0.60 annualized dividend and a dividend yield of 10.85%.
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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