Stage Stores, Inc. (SSI) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Stage Stores, Inc. (NYSE:SSI) from a hold rating to a buy rating in a research report released on Thursday, October 5th. They currently have $2.00 target price on the stock.
According to Zacks, “Stage Stores operates retail stores offering moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family in small towns and communities located primarily throughout the south central United States. “
SSI has been the subject of a number of other reports. ValuEngine upgraded Stage Stores from a strong sell rating to a sell rating in a research report on Friday, September 1st. B. Riley restated a sell rating and set a $1.00 price objective on shares of Stage Stores in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $2.00.
Shares of Stage Stores (NYSE:SSI) traded up 0.56% during mid-day trading on Thursday, reaching $1.81. The company’s stock had a trading volume of 61,017 shares. The company has a 50-day moving average of $1.84 and a 200-day moving average of $2.14. Stage Stores has a 12 month low of $1.45 and a 12 month high of $5.88. The firm’s market cap is $49.95 million.
Stage Stores (NYSE:SSI) last posted its earnings results on Thursday, August 17th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.11). Stage Stores had a negative net margin of 3.27% and a negative return on equity of 7.78%. The firm had revenue of $377.10 million during the quarter, compared to the consensus estimate of $374.78 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. Stage Stores’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts predict that Stage Stores will post ($0.90) earnings per share for the current year.
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Several institutional investors and hedge funds have recently modified their holdings of SSI. Crescent Grove Advisors LLC bought a new position in shares of Stage Stores during the second quarter worth about $105,000. LMR Partners LLP bought a new position in shares of Stage Stores during the second quarter worth about $203,000. TIAA CREF Investment Management LLC increased its holdings in Stage Stores by 9.0% in the first quarter. TIAA CREF Investment Management LLC now owns 84,264 shares of the company’s stock worth $218,000 after purchasing an additional 6,936 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Stage Stores in the first quarter worth approximately $246,000. Finally, Virtu KCG Holdings LLC increased its holdings in Stage Stores by 376.6% in the second quarter. Virtu KCG Holdings LLC now owns 119,774 shares of the company’s stock worth $249,000 after purchasing an additional 94,642 shares in the last quarter. Institutional investors own 62.16% of the company’s stock.
Stage Stores Company Profile
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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