Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Stage Stores (SSI) Share Price
Media headlines about Stage Stores (NYSE:SSI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Stage Stores earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.1141479952642 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
SSI has been the subject of several research analyst reports. Zacks Investment Research raised Stage Stores from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine raised Stage Stores from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, B. Riley reaffirmed a “sell” rating and issued a $1.00 price objective on shares of Stage Stores in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Stage Stores presently has an average rating of “Hold” and a consensus target price of $2.00.
Stage Stores (SSI) traded down 1.57% during mid-day trading on Monday, reaching $1.88. The company’s stock had a trading volume of 147,581 shares. The company’s market capitalization is $51.88 million. The stock has a 50-day moving average price of $1.80 and a 200-day moving average price of $2.17. Stage Stores has a one year low of $1.45 and a one year high of $5.88.
Stage Stores (NYSE:SSI) last released its quarterly earnings data on Thursday, August 17th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.11). The company had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $374.78 million. Stage Stores had a negative net margin of 3.27% and a negative return on equity of 7.78%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. Equities research analysts forecast that Stage Stores will post ($0.90) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Tuesday, August 29th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.47%. Stage Stores’s payout ratio is currently -11.36%.
In other Stage Stores news, CEO Michael L. Glazer bought 25,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were purchased at an average cost of $1.95 per share, for a total transaction of $48,750.00. Following the transaction, the chief executive officer now directly owns 1,087,938 shares of the company’s stock, valued at $2,121,479.10. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael L. Glazer bought 20,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average price of $2.14 per share, for a total transaction of $42,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,062,938 shares in the company, valued at $2,274,687.32. The disclosure for this purchase can be found here. Insiders have bought a total of 55,000 shares of company stock worth $109,050 over the last 90 days. Insiders own 7.40% of the company’s stock.
About Stage Stores
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.
Receive News & Ratings for Stage Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stage Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.