Other hedge funds have also recently made changes to their positions in the company. Spark Investment Management LLC boosted its stake in shares of Stage Stores by 18.7% in the third quarter. Spark Investment Management LLC now owns 355,100 shares of the company’s stock worth $1,992,000 after buying an additional 55,840 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Stage Stores by 5.6% in the third quarter. Bank of New York Mellon Corp now owns 1,139,749 shares of the company’s stock worth $6,393,000 after buying an additional 60,560 shares during the period. California Public Employees Retirement System boosted its stake in shares of Stage Stores by 18.5% in the third quarter. California Public Employees Retirement System now owns 277,900 shares of the company’s stock worth $1,559,000 after buying an additional 43,400 shares during the period. North Star Investment Management Corp. boosted 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 worth $560,000 after buying an additional 21,000 shares during the period. Finally, Royal Bank of Canada boosted 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 worth $176,000 after buying an additional 1,046 shares during the period. 92.94% of the stock is owned by hedge funds and other institutional investors.
HighTower Advisors LLC reduced its position in shares of Stage Stores, Inc. (NYSE:SSI) by 4.5% during the third quarter, Holdings Channel reports. The firm owned 97,900 shares of the company’s stock after selling 4,600 shares during the period. HighTower Advisors LLC owned about 0.36% of Stage Stores worth $552,000 at the end of the most recent quarter.
Stage Stores, Inc. (NYSE:SSI) traded up 2.04% during mid-day trading on Thursday, hitting $2.50. The stock had a trading volume of 859,907 shares. The stock’s market cap is $67.91 million. The company has a 50-day moving average of $3.43 and a 200-day moving average of $4.86. Stage Stores, Inc. has a 12-month low of $2.28 and a 12-month high of $9.00.
Stage Stores (NYSE:SSI) last announced its earnings results on Thursday, November 17th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.21. Stage Stores had a negative return on equity of 0.71% and a negative net margin of 0.68%. The business had revenue of $317.10 million for the quarter, compared to analysts’ expectations of $327.74 million. During the same period in the previous year, the firm posted ($0.29) earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. On average, analysts anticipate that Stage Stores, Inc. will post ($0.82) earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Northcoast Research raised Stage Stores from a “sell” rating to a “neutral” rating in a research report on Tuesday. They noted that the move was a valuation call. B. Riley reissued a “sell” rating and issued a $1.00 target price on shares of Stage Stores in a research report on Wednesday, January 18th. Finally, Zacks Investment Research raised Stage Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.50.
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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