Stage Stores Inc (NYSE:SSI) EVP Russ Lundy II sold 6,233 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $2.10, for a total transaction of $13,089.30. Following the completion of the transaction, the executive vice president now directly owns 86,567 shares of the company’s stock, valued at $181,790.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Stage Stores Inc (SSI) traded down $0.10 during trading on Friday, hitting $2.02. 1,222,875 shares of the company traded hands, 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. Stage Stores Inc has a 52-week low of $1.45 and a 52-week high of $3.00.
Stage Stores (NYSE:SSI) last announced its quarterly earnings data on Thursday, March 8th. The company reported $0.45 EPS for the quarter. The firm had revenue of $549.35 million during the quarter. Stage Stores had a negative net margin of 2.34% and a negative return on equity of 6.61%. During the same period in the previous year, the business earned $0.20 earnings per share. analysts expect that Stage Stores Inc will post -1.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Tuesday, March 6th will be issued a $0.05 dividend. The ex-dividend date is Monday, March 5th. This represents a $0.20 annualized dividend and a yield of 9.90%. Stage Stores’s dividend payout ratio (DPR) is presently -14.49%.
A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System increased its holdings in Stage Stores by 8.4% in the 3rd quarter. California Public Employees Retirement System now owns 571,784 shares of the company’s stock worth $1,052,000 after buying an additional 44,484 shares during the period. Goldman Sachs Group Inc. acquired a new position in Stage Stores in the 4th quarter worth approximately $112,000. GSA Capital Partners LLP acquired a new position in Stage Stores in the 3rd quarter worth approximately $173,000. Royce & Associates LP increased its holdings in Stage Stores by 14.0% in the 4th quarter. Royce & Associates LP now owns 1,182,546 shares of the company’s stock worth $1,987,000 after buying an additional 145,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Stage Stores by 32.1% in the 2nd 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. Institutional investors own 49.76% of the company’s stock.
Separately, ValuEngine raised shares of Stage Stores from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 29th.
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About Stage Stores
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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