Stage Stores (SSI) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Stage Stores (NYSE:SSI) from a strong sell rating to a sell rating in a research report released on Wednesday morning.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Stage Stores from a hold rating to a buy rating and set a $2.00 target price for the company in a research note on Thursday, October 5th. B. Riley set a $1.00 target price on Stage Stores and gave the company a sell rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average target price of $1.50.

Stage Stores (SSI) opened at $1.99 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. Stage Stores has a one year low of $1.45 and a one year high of $5.48.

Stage Stores (NYSE:SSI) last released its earnings results on Thursday, November 16th. The company reported ($0.64) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.05. The company had revenue of $357.24 million during the quarter. Stage Stores had a negative return on equity of 8.67% and a negative net margin of 3.33%. During the same quarter in the previous year, the business earned ($0.57) EPS. analysts anticipate that Stage Stores will post -1.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 28th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date is Monday, November 27th. Stage Stores’s payout ratio is presently -10.99%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSI. Paradigm Capital Management Inc. NY bought a new position in Stage Stores during the 2nd quarter valued at approximately $2,479,000. Goldman Sachs Group Inc. increased its position in Stage Stores by 123.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 266,747 shares of the company’s stock valued at $555,000 after buying an additional 147,149 shares in the last quarter. Royce & Associates LP increased its position in Stage Stores by 275.7% during the 2nd quarter. Royce & Associates LP now owns 892,546 shares of the company’s stock valued at $1,856,000 after buying an additional 655,000 shares in the last quarter. Axar Capital Management L.P. increased its position in Stage Stores by 143.5% during the 2nd quarter. Axar Capital Management L.P. now owns 1,000,000 shares of the company’s stock valued at $2,080,000 after buying an additional 589,241 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its position in Stage Stores by 376.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 119,774 shares of the company’s stock valued at $249,000 after buying an additional 94,642 shares in the last quarter. Institutional investors own 53.07% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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