Stage Stores Inc (NYSE:SSI) EVP Russ Lundy II sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $2.69, for a total transaction of $22,058.00. Following the sale, the executive vice president now owns 77,267 shares in the company, valued at $207,848.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Russ Lundy II also recently made the following trade(s):
- On Wednesday, March 21st, Russ Lundy II sold 500 shares of Stage Stores stock. The stock was sold at an average price of $2.20, for a total transaction of $1,100.00.
- On Tuesday, March 13th, Russ Lundy II sold 6,233 shares of Stage Stores stock. The stock was sold at an average price of $2.10, for a total transaction of $13,089.30.
SSI stock opened at $2.75 on Friday. 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 fifty-two week low of $1.45 and a fifty-two week high of $3.00.
Stage Stores (NYSE:SSI) last released its earnings results on Thursday, March 8th. The company reported $0.45 earnings per share for the quarter. Stage Stores had a negative net margin of 2.34% and a negative return on equity of 6.61%. The firm had revenue of $549.35 million for the quarter. During the same quarter in the previous year, the company posted $0.20 earnings per share. sell-side analysts forecast that Stage Stores Inc will post -1.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Tuesday, March 6th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.27%. Stage Stores’s payout ratio is -23.53%.
Separately, ValuEngine lowered shares of Stage Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 10th.
Several hedge funds have recently added to or reduced their stakes in SSI. JPMorgan Chase & Co. increased its stake in shares of Stage Stores by 5,837.2% during the third quarter. JPMorgan Chase & Co. now owns 341,924 shares of the company’s stock worth $609,000 after buying an additional 336,165 shares during the period. Vanguard Group Inc. increased its stake in shares of Stage Stores by 32.1% during the second 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. Royce & Associates LP increased its stake in shares of Stage Stores by 14.0% during the fourth 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. GSA Capital Partners LLP purchased a new stake in shares of Stage Stores during the third quarter worth approximately $173,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Stage Stores during the fourth quarter worth approximately $112,000. Hedge funds and other institutional investors 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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