Millennium Management LLC decreased its holdings in shares of Stage Stores (NYSE:SSI) by 30.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,233 shares of the company’s stock after selling 119,012 shares during the period. Millennium Management LLC owned about 0.99% of Stage Stores worth $459,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Royce & Associates LP increased its holdings in shares of Stage Stores by 14.0% during the fourth quarter. Royce & Associates LP now owns 1,182,546 shares of the company’s stock worth $1,987,000 after buying an additional 145,000 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Stage Stores by 8.4% in the third quarter. California Public Employees Retirement System now owns 571,784 shares of the company’s stock valued at $1,052,000 after purchasing an additional 44,484 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Stage Stores in the fourth quarter valued at approximately $112,000. Hedge funds and other institutional investors own 47.61% of the company’s stock.
Stage Stores stock opened at $3.21 on Thursday. Stage Stores has a fifty-two week low of $1.45 and a fifty-two week high of $3.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 2.40.
Stage Stores (NYSE:SSI) last announced its quarterly earnings results on Thursday, March 8th. The company reported $0.45 EPS for the quarter. The business had revenue of $549.35 million for the quarter. Stage Stores had a negative net margin of 2.34% and a negative return on equity of 6.61%. During the same quarter last year, the company posted $0.20 EPS. equities research analysts forecast that Stage Stores will post -1.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Tuesday, June 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.23%. Stage Stores’s dividend payout ratio (DPR) is presently -23.53%.
A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Stage Stores from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. TheStreet raised shares of Stage Stores from a “d+” rating to a “c-” rating in a research report on Wednesday, April 18th.
About Stage Stores
Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced brand name and private label apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website and send program.
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