Stage Stores, Inc. (NYSE:SSI) has been given a $1.00 target price by B. Riley in a research note issued on Wednesday. The firm presently has a “sell” rating on the stock. B. Riley’s price target would indicate a potential downside of 43.50% from the stock’s previous close.
Several other research analysts have also recently weighed in on SSI. Zacks Investment Research raised shares of Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine raised shares of Stage Stores from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.00.
Stage Stores (NYSE SSI) traded down $0.04 on Wednesday, hitting $1.77. 281,003 shares of the stock traded hands, compared to its average volume of 720,440. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.73 and a quick ratio of 0.44. Stage Stores has a 1 year low of $1.45 and a 1 year high of $5.48.
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 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 company had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $374.78 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. research analysts predict that Stage Stores will post -0.9 EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky increased its holdings in Stage Stores by 44.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,100 shares of the company’s stock valued at $251,000 after buying an additional 1,575 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Stage Stores by 9.0% during the first quarter. TIAA CREF Investment Management LLC now owns 84,264 shares of the company’s stock valued at $218,000 after buying an additional 6,936 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Stage Stores by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,281,553 shares of the company’s stock valued at $5,909,000 after buying an additional 11,913 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Stage Stores by 16.8% during the first quarter. Parametric Portfolio Associates LLC now owns 258,830 shares of the company’s stock valued at $670,000 after buying an additional 37,308 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Stage Stores by 8.4% during the third quarter. California Public Employees Retirement System now owns 571,784 shares of the company’s stock valued at $1,052,000 after buying an additional 44,484 shares during the last quarter. 67.82% of the stock is owned by institutional investors and hedge funds.
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.
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