Today’s Price Action: What’s Ahead for Stage Stores Inc After Today’s Big Decline?

Today's Price Action: What's Ahead for Stage Stores Inc After Today's Big Decline?

The stock of Stage Stores Inc (NYSE:SSI) is a huge mover today! About 1.28 million shares traded hands or 187.26% up from the average. Stage Stores Inc (NYSE:SSI) has declined 37.19% since April 18, 2016 and is downtrending. It has underperformed by 41.62% the S&P500.
The move comes after 6 months negative chart setup for the $99.59 million company. It was reported on Nov, 18 by Barchart.com. We have $4.01 PT which if reached, will make NYSE:SSI worth $9.96 million less.

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. The stock of Stage Stores Inc (NYSE:SSI) earned “Underperform” rating by Bank of America on Monday, August 24. B. Riley & Co downgraded Stage Stores Inc (NYSE:SSI) rating on Friday, August 21. B. Riley & Co has “Neutral” rating and $14 price target. Bank of America downgraded Stage Stores Inc (NYSE:SSI) on Friday, August 21 to “Underperform” rating. The rating was downgraded by Telsey Advisory Group to “Market Perform” on Thursday, November 19. The firm has “Outperform” rating given on Friday, August 21 by Wesley Advisory Group. As per Friday, May 20, the company rating was maintained by Telsey Advisory Group. The firm earned “Outperform” rating on Friday, August 21 by Telsey Advisory Group. The company was downgraded on Thursday, August 13 by Sterne Agee CRT. The company was maintained on Friday, August 19 by Telsey Advisory Group. The rating was downgraded by TheStreet on Saturday, August 22 to “Buy”.

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 increased to 0.83 in Q2 2016. Its up 0.25, from 0.58 in 2016Q1. The ratio increased, 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.
Panagora Asset holds 5,686 shares or 0% of its portfolio. Wells Fargo And Communication Mn accumulated 9,512 shares or 0% of the stock. Moreover, Blackrock Institutional Tru Communications Na has 0% invested in Stage Stores Inc (NYSE:SSI) for 895,070 shares. The Iowa-based Principal Group has invested 0% in Stage Stores Inc (NYSE:SSI). Wealthtrust has 210 shares for 0% of their US portfolio. Teachers Advisors accumulated 99,614 shares or 0% of the stock. The Washington-based Parametric Assocs Lc has invested 0% in Stage Stores Inc (NYSE:SSI). Enterprise Financial Serv has 120 shares for 0% of their US portfolio. Wellington Management Group Ltd Liability Partnership last reported 0% of its portfolio in the stock. Guggenheim Lc has invested 0.01% of its portfolio in Stage Stores Inc (NYSE:SSI). Creative Planning owns 3,992 shares or 0% of their US portfolio. Moreover, Voya Investment Management Limited Liability has 0% invested in Stage Stores Inc (NYSE:SSI) for 16,322 shares. Moreover, Vanguard Gru has 0% invested in Stage Stores Inc (NYSE:SSI) for 1.15 million shares. State Bank Of Mellon Corporation has invested 0% of its portfolio in Stage Stores Inc (NYSE:SSI). First Tru L P last reported 21,725 shares in the company.

Insider Transactions: Since May 20, 2016, the stock had 3 buys, and 0 selling transactions for $99,654 net activity. HESTERBERG EARL J bought $71,660 worth of Stage Stores Inc (NYSE:SSI) on Friday, May 20. Another trade for 10,000 shares valued at $48,500 was made by GLAZER MICHAEL L on Monday, May 23. Another trade for 5,000 shares valued at $25,480 was bought by STASYSZEN RICHARD E. LUNDY RUSS II also bought $31,500 worth of Stage Stores Inc (NYSE:SSI) shares. Parsons Stephen B had bought 4,000 shares worth $19,654.

More 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 Nasdaq.com published the news titled: “Mid-Day Market Update: Western Refining Surges On Acquisition News; Stage …” on November 17, 2016. Fool.com‘s news article titled: “Why Stage Stores, Inc. Shares Plummeted Today” with publication date: March 03, 2016 was also an interesting one.

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.

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