Stage Stores Inc (NYSE:SSI)’s stock price was up 25.5% during mid-day trading on Monday . The company traded as high as $7.25 and last traded at $7.09, approximately 2,842,527 shares were traded during mid-day trading. An increase of 697% from the average daily volume of 356,760 shares. The stock had previously closed at $5.65.
Separately, ValuEngine lowered Stage Stores from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.
The stock has a market capitalization of $163.15 million, a P/E ratio of -3.31 and a beta of 1.69. The stock has a 50 day simple moving average of $3.39 and a two-hundred day simple moving average of $1.61. The company has a quick ratio of 0.20, a current ratio of 1.90 and a debt-to-equity ratio of 3.89.
Stage Stores (NYSE:SSI) last announced its quarterly earnings data on Thursday, November 21st. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $414.98 million for the quarter. Stage Stores had a negative return on equity of 34.21% and a negative net margin of 5.78%. Sell-side analysts predict that Stage Stores Inc will post -2.17 earnings per share for the current fiscal year.
In other news, EVP Russ Lundy II purchased 20,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was purchased at an average price of $1.88 per share, for a total transaction of $37,600.00. Following the completion of the purchase, the executive vice president now directly owns 85,770 shares in the company, valued at approximately $161,247.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director M Kathleen Behrens acquired 62,500 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $16.00 per share, with a total value of $1,000,000.00. Insiders purchased 312,000 shares of company stock valued at $1,264,805 over the last three months. 11.60% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY raised its holdings in shares of Stage Stores by 0.6% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,395,900 shares of the company’s stock valued at $1,845,000 after purchasing an additional 15,000 shares during the period. Vanguard Group Inc. lifted its stake in Stage Stores by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock valued at $423,000 after purchasing an additional 47,389 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in Stage Stores by 37.3% in the 3rd quarter. Crescent Grove Advisors LLC now owns 129,611 shares of the company’s stock valued at $244,000 after purchasing an additional 35,211 shares during the last quarter. Virtu Financial LLC bought a new position in Stage Stores during the third quarter worth about $45,000. Finally, Simplex Trading LLC bought a new position in Stage Stores during the third quarter worth about $27,000. Institutional investors own 41.84% of the company’s stock.
About Stage Stores (NYSE:SSI)
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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