Stage Stores (NYSE:SSI) Stock Rating Lowered by ValuEngine

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Stage Stores (NYSE:SSI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

SSI opened at $3.39 on Wednesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.24 and a current ratio of 1.84. Stage Stores has a fifty-two week low of $0.55 and a fifty-two week high of $3.12. The firm’s fifty day moving average is $2.28 and its 200 day moving average is $1.25. The stock has a market cap of $62.08 million, a price-to-earnings ratio of -1.58 and a beta of 1.39.

Stage Stores (NYSE:SSI) last released its earnings results on Thursday, August 22nd. The company reported ($0.83) earnings per share for the quarter. Stage Stores had a negative net margin of 7.01% and a negative return on equity of 36.72%. The firm had revenue of $381.85 million for the quarter. On average, equities research analysts predict that Stage Stores will post -2.17 earnings per share for the current year.

In related news, EVP Thorsten I. Weber purchased 229,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $0.99 per share, for a total transaction of $227,205.00. Following the purchase, the executive vice president now directly owns 343,401 shares in the company, valued at $339,966.99. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director M Kathleen Behrens purchased 62,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average price of $16.00 per share, for a total transaction of $1,000,000.00. In the last 90 days, insiders have purchased 312,000 shares of company stock worth $1,264,805. 11.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Crescent Grove Advisors LLC lifted its stake in Stage Stores by 37.3% in the 3rd quarter. Crescent Grove Advisors LLC now owns 129,611 shares of the company’s stock worth $244,000 after purchasing an additional 35,211 shares in the last quarter. Simplex Trading LLC purchased a new stake in Stage Stores in the 3rd quarter worth $27,000. Vanguard Group Inc. lifted its stake in Stage Stores by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock worth $423,000 after purchasing an additional 47,389 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its stake in Stage Stores by 0.6% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,395,900 shares of the company’s stock worth $1,845,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

Stage Stores Company Profile

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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