Stage Stores (NYSE:SSI) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, March 10th.
Separately, B. Riley set a $1.00 target price on Stage Stores and gave the company a “sell” rating in a report on Wednesday, November 15th.
Shares of Stage Stores (SSI) traded down $0.10 during trading hours on Friday, hitting $2.02. The company had a trading volume of 1,222,875 shares, compared to its average volume of 175,216. 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 has a market cap of $58.57, a P/E ratio of -1.46 and a beta of 1.11. Stage Stores has a 1 year low of $1.45 and a 1 year high of $3.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in shares of Stage Stores in the 4th quarter valued at about $112,000. GSA Capital Partners LLP purchased a new position in shares of Stage Stores in the 3rd quarter valued at about $173,000. JPMorgan Chase & Co. boosted its stake in shares of Stage Stores by 5,837.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 341,924 shares of the company’s stock valued at $609,000 after buying an additional 336,165 shares during the period. California Public Employees Retirement System boosted its stake in shares of Stage Stores by 8.4% in the 3rd quarter. California Public Employees Retirement System now owns 571,784 shares of the company’s stock valued at $1,052,000 after buying an additional 44,484 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Stage Stores by 16.2% in the 3rd quarter. Royce & Associates LP now owns 1,037,546 shares of the company’s stock valued at $1,909,000 after buying an additional 145,000 shares during the period. Institutional investors and hedge funds 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.
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