Stage Stores (SSI) Reaches New 12-Month High and Low at $3.18

Shares of Stage Stores Inc (NYSE:SSI) reached a new 52-week high and low during trading on Monday . The stock traded as low as $3.18 and last traded at $3.04, with a volume of 433836 shares changing hands. The stock had previously closed at $2.96.

Separately, ValuEngine upgraded shares of Stage Stores from a “strong sell” rating to a “sell” rating in a research report on Monday, April 2nd.

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The company has a debt-to-equity ratio of 0.52, a current ratio of 2.40 and a quick ratio of 0.34.

Stage Stores (NYSE:SSI) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.45 EPS for the quarter. The company had revenue of $549.35 million for the quarter. Stage Stores had a negative net margin of 2.34% and a negative return on equity of 6.61%. During the same quarter in the prior year, the business posted $0.20 EPS. sell-side analysts forecast that Stage Stores Inc will post -1.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Tuesday, March 6th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 5th. This represents a $0.20 annualized dividend and a yield of 6.60%. Stage Stores’s dividend payout ratio is presently -23.53%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in shares of Stage Stores in the fourth quarter valued at about $112,000. GSA Capital Partners LLP acquired a new stake in shares of Stage Stores in the third quarter valued at about $173,000. JPMorgan Chase & Co. grew its position 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 valued at $609,000 after purchasing an additional 336,165 shares during the period. California Public Employees Retirement System grew its position in shares of Stage Stores by 8.4% in the third quarter. California Public Employees Retirement System now owns 571,784 shares of the company’s stock valued at $1,052,000 after purchasing an additional 44,484 shares during the period. Finally, Royce & Associates LP grew its position in shares of Stage Stores by 16.2% in the third quarter. Royce & Associates LP now owns 1,037,546 shares of the company’s stock valued at $1,909,000 after purchasing 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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