ValuEngine lowered shares of Stage Stores (NYSE:SSI) from a sell rating to a strong sell rating in a research report released on Saturday morning.
Separately, B. Riley set a $1.00 price objective on Stage Stores and gave the company a sell rating in a research note on Wednesday, November 15th.
Shares of Stage Stores (NYSE SSI) opened at $2.05 on Friday. The stock has a market capitalization of $55.81, a P/E ratio of -1.51 and a beta of 1.11. Stage Stores has a one year low of $1.45 and a one year high of $3.00. The company has a quick ratio of 0.34, a current ratio of 2.40 and a debt-to-equity ratio of 0.52.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Tuesday, March 6th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 5th. This represents a $0.20 annualized dividend and a dividend yield of 9.76%. Stage Stores’s payout ratio is -14.49%.
Several hedge funds and other institutional investors have recently modified their holdings of SSI. Vanguard Group Inc. raised its holdings in shares of Stage Stores by 32.1% in the second quarter. Vanguard Group Inc. now owns 1,029,501 shares of the company’s stock worth $2,142,000 after buying an additional 250,085 shares during the period. California Public Employees Retirement System raised its holdings in shares of Stage Stores by 9.8% in the second quarter. California Public Employees Retirement System now owns 527,300 shares of the company’s stock worth $1,097,000 after buying an additional 46,900 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Stage Stores by 123.0% in the second quarter. Goldman Sachs Group Inc. now owns 266,747 shares of the company’s stock worth $555,000 after buying an additional 147,149 shares during the period. Paradigm Capital Management Inc. NY raised its holdings in shares of Stage Stores by 129.6% in the third quarter. Paradigm Capital Management Inc. NY now owns 2,737,200 shares of the company’s stock worth $5,036,000 after buying an additional 1,545,262 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Stage Stores by 5,837.2% in the third quarter. JPMorgan Chase & Co. now owns 341,924 shares of the company’s stock worth $609,000 after buying an additional 336,165 shares during the period. Hedge funds and other institutional investors own 49.76% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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