TheStreet Lowers Stage Stores (SSI) to D+

TheStreet lowered shares of Stage Stores (NYSE:SSI) from a c- rating to a d+ rating in a research report sent to investors on Thursday.

Separately, ValuEngine lowered Stage Stores from a sell rating to a strong sell rating in a research report on Saturday, March 10th.

Shares of Stage Stores opened at $2.41 on Thursday, MarketBeat Ratings reports. The firm has a market cap of $69.17 million, a PE ratio of -2.84 and a beta of 0.84. The company has a current ratio of 2.83, a quick ratio of 0.40 and a debt-to-equity ratio of 0.85. Stage Stores has a 12-month low of $1.45 and a 12-month high of $3.25.

Stage Stores (NYSE:SSI) last announced its earnings results on Thursday, May 24th. The company reported ($1.14) earnings per share (EPS) for the quarter. The company had revenue of $344.23 million for the quarter. Stage Stores had a negative return on equity of 11.79% and a negative net margin of 3.07%. equities research analysts predict that Stage Stores will post -1.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Tuesday, June 5th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 8.30%. The ex-dividend date was Monday, June 4th. Stage Stores’s payout ratio is -23.53%.

A number of large investors have recently bought and sold shares of SSI. Goldman Sachs Group Inc. acquired a new position in Stage Stores during the fourth quarter valued at $112,000. Crown Advisors Management Inc. acquired a new position in Stage Stores during the first quarter valued at $495,000. Royce & Associates LP raised its position in Stage Stores by 14.0% during the fourth quarter. Royce & Associates LP now owns 1,182,546 shares of the company’s stock valued at $1,987,000 after buying an additional 145,000 shares during the period. Finally, Axar Capital Management L.P. raised its position in Stage Stores by 75.0% during the first quarter. Axar Capital Management L.P. now owns 1,750,000 shares of the company’s stock valued at $3,815,000 after buying an additional 750,000 shares during the period. 47.61% of the stock is currently owned by hedge funds and other institutional investors.

About Stage Stores

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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