The stock of Stage Stores Inc (NYSE:SSI) is a huge mover today! The stock increased 5.65% or $0.3 during the last trading session, hitting $5.61. About 369,165 shares traded hands. Stage Stores Inc (NYSE:SSI) has declined 33.54% since February 26, 2016 and is downtrending. It has underperformed by 43.97% the S&P500.
The move comes after 5 months positive chart setup for the $147.88 million company. It was reported on Oct, 1 by Barchart.com. We have $9.76 PT which if reached, will make NYSE:SSI worth $109.43M more.
Stage Stores Inc (NYSE:SSI) Ratings Coverage
Out of 8 analysts covering Stage Stores (NYSE:SSI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Stage Stores has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Bank of America downgraded Stage Stores Inc (NYSE:SSI) rating on Friday, August 21. Bank of America has “Underperform” rating and $12 price target. The company was downgraded on Thursday, August 13 by Sterne Agee CRT. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, August 21. Telsey Advisory Group downgraded Stage Stores Inc (NYSE:SSI) on Thursday, November 19 to “Market Perform” rating. Telsey Advisory Group maintained Stage Stores Inc (NYSE:SSI) rating on Friday, August 19. Telsey Advisory Group has “Market Perform” rating and $6.50 price target. The rating was maintained by Telsey Advisory Group on Friday, May 20 with “Market Perform”. Wesley Advisory Group maintained the stock with “Outperform” rating in Friday, August 21 report. TheStreet downgraded Stage Stores Inc (NYSE:SSI) on Saturday, August 22 to “Buy” rating. The firm earned “Underperform” rating on Monday, August 24 by Bank of America. B. Riley & Co downgraded it to “Neutral” rating and $14 target price in Friday, August 21 report.
According to Zacks Investment Research, “Stage Stores operates retail stores offering moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family in small towns and communities located primarily throughout the south central United States.”
Insitutional Activity: The institutional sentiment decreased to 0.58 in Q2 2016. Its down 0.11, from 0.69 in 2016Q1. The ratio fall, as 22 funds sold all Stage Stores Inc shares owned while 49 reduced positions. 15 funds bought stakes while 26 increased positions. They now own 25.52 million shares or 9.63% less from 28.23 million shares in 2016Q1.
The Texas-based Utd Serv Automobile Association has invested 0.01% in Stage Stores Inc (NYSE:SSI). Moreover, Quantitative Inv Mgmt Limited Com has 0.01% invested in Stage Stores Inc (NYSE:SSI) for 28,200 shares. Blackrock Institutional Na, a California-based fund reported 895,070 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0% or 3,525 shares in its portfolio. Citigroup has 26,293 shares for 0% of their US portfolio. Geode Capital Management last reported 195,976 shares in the company. Tiaa Cref Investment Management Ltd Liability Company has invested 0% of its portfolio in Stage Stores Inc (NYSE:SSI). Federated Investors Pa accumulated 1,038 shares or 0% of the stock. Principal Financial Gp last reported 190,473 shares in the company. New York State Common Retirement Fund accumulated 12,900 shares or 0% of the stock. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0% in Stage Stores Inc (NYSE:SSI). Sector Pension Board has 0% invested in the company for 21,985 shares. The Delaware-based Blackrock Advsrs Limited has invested 0% in Stage Stores Inc (NYSE:SSI). Mutual Of America Cap Management Ltd Llc accumulated 108,187 shares or 0.01% of the stock. Dimensional Fund Advisors Lp reported 2.39M shares or 0.01% of all its holdings.
Insider Transactions: Since April 8, 2016, the stock had 6 insider buys, and 0 insider sales for $360,745 net activity. LUNDY RUSS II bought 6,000 shares worth $31,500. HESTERBERG EARL J bought $71,660 worth of stock. Shares for $19,654 were bought by Parsons Stephen B on Monday, May 23. 10,000 Stage Stores Inc (NYSE:SSI) shares with value of $48,500 were bought by GLAZER MICHAEL L. STASYSZEN RICHARD E had bought 5,000 shares worth $25,480 on Friday, May 20.
More notable recent Stage Stores Inc (NYSE:SSI) news were published by: Fool.com which released: “How Safe Is Stage Stores Inc. Stock?” on March 23, 2016, also Fool.com with their article: “The Biggest Problem With Stage Stores Inc. Stock” published on March 26, 2016, Fool.com published: “Why Stage Stores, Inc. Shares Plummeted Today” on March 03, 2016. More interesting news about Stage Stores Inc (NYSE:SSI) were released by: Bizjournals.com and their article: “Francesca’s hires Stage Stores exec as new CEO” published on September 20, 2016 as well as Fool.com‘s news article titled: “1 Key Stage Stores Stock Number You Must Know” with publication date: April 14, 2016.
SSI Company Profile
Stage Stores, Inc., incorporated on June 24, 1997, 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 Firm 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.