Separately, ValuEngine cut Stage Stores from a sell rating to a strong sell rating in a research report on Saturday, March 10th.
Shares of Stage Stores stock opened at $2.41 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.40 and a current ratio of 2.83. Stage Stores has a 12 month low of $1.45 and a 12 month high of $3.25.
Stage Stores (NYSE:SSI) last issued its quarterly earnings results on Thursday, May 24th. The company reported ($1.14) earnings per share for the quarter. Stage Stores had a negative return on equity of 11.79% and a negative net margin of 3.07%. The business had revenue of $344.23 million during the quarter. equities 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 was paid on Wednesday, June 20th. Investors of record on Tuesday, June 5th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 8.30%. The ex-dividend date was Monday, June 4th. Stage Stores’s payout ratio is -23.53%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in shares of Stage Stores in the 4th quarter valued at about $112,000. Crown Advisors Management Inc. acquired a new stake in Stage Stores during the 1st quarter worth approximately $495,000. Royce & Associates LP lifted its position in Stage Stores by 14.0% during the 4th quarter. Royce & Associates LP now owns 1,182,546 shares of the company’s stock worth $1,987,000 after acquiring an additional 145,000 shares during the period. Finally, Axar Capital Management L.P. lifted its position in Stage Stores by 75.0% during the 1st quarter. Axar Capital Management L.P. now owns 1,750,000 shares of the company’s stock worth $3,815,000 after acquiring an additional 750,000 shares during the period. Hedge funds and other institutional investors own 47.03% of the company’s stock.
Stage Stores Company Profile
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 and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.
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