News headlines about Stage Stores (NYSE:SSI) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stage Stores earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.719877323559 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages recently issued reports on SSI. Zacks Investment Research raised shares of Stage Stores from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Johnson Rice lowered shares of Stage Stores from an “accumulate” rating to a “hold” rating in a research note on Friday, May 12th. B. Riley reissued a “sell” rating and set a $1.00 target price on shares of Stage Stores in a research note on Wednesday, May 24th. Finally, ValuEngine lowered shares of Stage Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Stage Stores presently has an average rating of “Hold” and a consensus target price of $3.50.
Stage Stores (NYSE SSI) traded down 0.56% on Tuesday, hitting $1.78. 174,687 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $2.02 and a 200-day moving average price of $2.38. The stock’s market cap is $48.84 million. Stage Stores has a 52-week low of $1.72 and a 52-week high of $6.56.
Stage Stores (NYSE:SSI) last announced its earnings results on Thursday, May 18th. The company reported ($0.55) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.13. Stage Stores had a negative net margin of 2.92% and a negative return on equity of 6.23%. The firm had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $303.93 million. During the same quarter in the previous year, the business posted ($0.56) EPS. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Analysts predict that Stage Stores will post ($1.01) earnings per share for the current fiscal year.
In other Stage Stores news, CEO Michael L. Glazer bought 25,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were purchased at an average price of $1.95 per share, for a total transaction of $48,750.00. Following the acquisition, the chief executive officer now owns 1,087,938 shares in the company, valued at approximately $2,121,479.10. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael L. Glazer bought 20,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were acquired at an average price of $2.14 per share, for a total transaction of $42,800.00. Following the acquisition, the chief executive officer now owns 1,062,938 shares in the company, valued at approximately $2,274,687.32. The disclosure for this purchase can be found here. Insiders own 7.40% 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.
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