Price Action to Note: Is Buying Stock Like Stage Stores Inc After Such Increase Winning Strategy?

Price Action to Note: Is Buying Stock Like Stage Stores Inc After Such Increase Winning Strategy?

The stock of Stage Stores Inc (NYSE:SSI) is a huge mover today! The stock increased 3.70% or $0.16 on November 23, hitting $4.48. About 655,453 shares traded hands or 23.33% up from the average. Stage Stores Inc (NYSE:SSI) has declined 42.04% since April 22, 2016 and is downtrending. It has underperformed by 47.45% the S&P500.
The move comes after 5 months positive chart setup for the $119.71 million company. It was reported on Nov, 24 by Barchart.com. We have $4.61 PT which if reached, will make NYSE:SSI worth $3.59M more.

Analysts await Stage Stores Inc (NYSE:SSI) to report earnings on March, 2. They expect $0.70 EPS, down 23.08% or $0.21 from last year’s $0.91 per share. SSI’s profit will be $18.70M for 1.60 P/E if the $0.70 EPS becomes a reality. After $-0.57 actual EPS reported by Stage Stores Inc for the previous quarter, Wall Street now forecasts -222.81% EPS growth.

Stage Stores Inc (NYSE:SSI) Ratings Coverage

Out of 9 analysts covering Stage Stores (NYSE:SSI), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. $16 is the highest target while $5.25 is the lowest. The $11.69 average target is 160.94% above today’s ($4.48) stock price. Stage Stores has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Bank of America on Friday, August 21. The rating was maintained by Telsey Advisory Group on Friday, August 19 with “Market Perform”. As per Friday, August 21, the company rating was downgraded by B. Riley & Co. The firm has “Underperform” rating by Bank of America given on Monday, August 24. The stock has “Outperform” rating given by Telsey Advisory Group on Friday, August 21. The firm has “Outperform” rating by Wesley Advisory Group given on Friday, August 21. Telsey Advisory Group maintained the shares of SSI in a report on Friday, May 20 with “Market Perform” rating. As per Thursday, August 13, the company rating was downgraded by Sterne Agee CRT. On Friday, November 18 the stock rating was downgraded by Northcoast to “Sell”. 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 is positive, 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.
Wells Fargo Mn reported 9,512 shares or 0% of all its holdings. Blackrock Gru Limited has 0% invested in the company for 37,376 shares. Pnc Finance Grp Incorporated holds 205 shares or 0% of its portfolio. Manufacturers Life The has 0% invested in the company for 827 shares. Lazard Asset Ltd Company reported 13,000 shares or 0% of all its holdings. Comerica Bank accumulated 26,848 shares or 0% of the stock. Paradigm Capital Ny holds 915,400 shares or 0.54% of its portfolio. California Pub Employees Retirement Sys reported 234,500 shares or 0% of all its holdings. Schwab Charles Inc reported 404,106 shares or 0% of all its holdings. Alliancebernstein Lp reported 32,510 shares or 0% of all its holdings. Strs Ohio last reported 53,600 shares in the company. Deutsche State Bank Ag accumulated 95,451 shares or 0% of the stock. California State Teachers Retirement Sys holds 0% of its portfolio in Stage Stores Inc (NYSE:SSI) for 53,765 shares. Kcg Hldgs Incorporated holds 0% of its portfolio in Stage Stores Inc (NYSE:SSI) for 16,305 shares. Morgan Stanley has 0% invested in the company for 3,150 shares.

More news for Stage Stores Inc (NYSE:SSI) were recently published by: Businesswire.com, which released: “Stage Stores Reports Third Quarter Results and Declares Quarterly Cash Dividend” on November 17, 2016. Seekingalpha.com‘s article titled: “Stage Stores: The Story Remains The Same” and published on November 21, 2016 is yet another important article.

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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