News coverage about Stage Stores (NYSE:SSI) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stage Stores earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3935854204484 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Stage Stores (SSI) traded up 1.06% during mid-day trading on Wednesday, hitting $1.90. The stock had a trading volume of 247,417 shares. Stage Stores has a one year low of $1.45 and a one year high of $5.88. The stock’s market cap is $52.43 million. The firm has a 50 day moving average of $1.80 and a 200 day moving average of $2.17.
Stage Stores (NYSE:SSI) last released its quarterly earnings results on Thursday, August 17th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $374.78 million. During the same period in the previous year, the business posted $0.03 EPS. Stage Stores’s revenue was up 11.4% on a year-over-year basis. On average, analysts forecast that Stage Stores will post ($0.90) earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Tuesday, August 29th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 10.53%. The ex-dividend date was Friday, August 25th. Stage Stores’s dividend payout ratio (DPR) is currently -11.36%.
Several equities research analysts have recently weighed in on the company. ValuEngine raised Stage Stores from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. B. Riley reaffirmed a “sell” rating and set a $1.00 target price on shares of Stage Stores in a report on Wednesday, August 23rd. Finally, Zacks Investment Research raised Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $2.00.
In other Stage Stores news, CEO Michael L. Glazer purchased 20,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were bought at an average price of $2.14 per share, with a total value 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 approximately $2,274,687.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael L. Glazer bought 25,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 1,087,938 shares in the company, valued at approximately $2,121,479.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 55,000 shares of company stock valued at $109,050. Insiders own 7.40% 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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