Stage Stores, Inc. (SSI) Upgraded by Northcoast Research to “Neutral”

Stage Stores, Inc. (SSI) Upgraded by Northcoast Research to “Neutral”

Northcoast Research upgraded shares of Stage Stores, Inc. (NYSE:SSI) from a sell rating to a neutral rating in a research report report published on Tuesday morning. The analysts noted that the move was a valuation call.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Stage Stores from a sell rating to a hold rating in a report on Tuesday, December 27th. Johnson Rice downgraded shares of Stage Stores from a buy rating to a hold rating in a research note on Thursday, November 17th. Finally, B. Riley reaffirmed a neutral rating and issued a $3.50 target price on shares of Stage Stores in a research note on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Stage Stores has an average rating of Hold and an average price target of $3.50.

Shares of Stage Stores (NYSE:SSI) traded up 4.33% during mid-day trading on Tuesday, hitting $2.41. The stock had a trading volume of 898,039 shares. The stock’s market cap is $65.47 million. Stage Stores has a 52 week low of $2.28 and a 52 week high of $9.00. The stock has a 50-day moving average price of $3.61 and a 200 day moving average price of $4.89.

Stage Stores (NYSE:SSI) last announced its quarterly earnings data on Thursday, November 17th. The company reported ($0.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.21. Stage Stores had a negative net margin of 0.68% and a negative return on equity of 0.71%. The business earned $317.10 million during the quarter, compared to analyst estimates of $327.74 million. During the same quarter in the prior year, the company earned ($0.29) earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. On average, equities analysts forecast that Stage Stores will post ($0.82) EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Stage Stores by 3.0% in the second quarter. Royal Bank of Canada now owns 36,146 shares of the company’s stock valued at $176,000 after buying an additional 1,046 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Stage Stores by 11.1% in the second quarter. Stifel Financial Corp now owns 21,210 shares of the company’s stock valued at $104,000 after buying an additional 2,125 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of Stage Stores by 26.6% in the third quarter. North Star Investment Management Corp. now owns 99,850 shares of the company’s stock valued at $560,000 after buying an additional 21,000 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Stage Stores by 16.7% in the second quarter. Prudential Financial Inc. now owns 201,740 shares of the company’s stock valued at $984,000 after buying an additional 28,817 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Stage Stores by 10.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 404,106 shares of the company’s stock valued at $1,973,000 after buying an additional 38,147 shares in the last quarter. 92.94% of the stock is owned by institutional investors.

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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