The stock of Stage Stores Inc (NYSE:SSI) is a huge mover today! The stock decreased 7.32% or $0.36 on November 4, hitting $4.56. About 501,138 shares traded hands or 75.65% up from the average. Stage Stores Inc (NYSE:SSI) has declined 32.79% since April 4, 2016 and is downtrending. It has underperformed by 33.88% the S&P500.
The move comes after 6 months negative chart setup for the $125.30M company. It was reported on Nov, 4 by Barchart.com. We have $4.01 PT which if reached, will make NYSE:SSI worth $15.04 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 firm has “Underperform” rating by Bank of America given on Friday, August 21. The rating was downgraded by Bank of America to “Underperform” on Monday, August 24. TheStreet downgraded the shares of SSI in a report on Saturday, August 22 to “Buy” rating. The stock of Stage Stores Inc (NYSE:SSI) earned “Market Perform” rating by Telsey Advisory Group on Friday, May 20. Telsey Advisory Group maintained Stage Stores Inc (NYSE:SSI) on Friday, August 21 with “Outperform” rating. The firm has “Neutral” rating given on Friday, August 21 by B. Riley & Co. The rating was downgraded by Sterne Agee CRT to “Buy” on Thursday, August 13. Telsey Advisory Group maintained Stage Stores Inc (NYSE:SSI) on Friday, August 19 with “Market Perform” rating. Telsey Advisory Group downgraded Stage Stores Inc (NYSE:SSI) on Thursday, November 19 to “Market Perform” rating. Wesley Advisory Group maintained Stage Stores Inc (NYSE:SSI) rating on Friday, August 21. Wesley Advisory Group has “Outperform” rating and $15 price target.
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 turned negative, 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.
Schwab Charles Inv accumulated 0% or 404,106 shares. Lsv Asset Mngmt has 1.16M shares for 0.01% of their US portfolio. Vanguard Grp Incorporated Incorporated has 0% invested in the company for 1.15 million shares. Principal Finance Gru last reported 190,473 shares in the company. Louisiana State Employees Retirement Systems has 12,000 shares for 0% of their US portfolio. The United Kingdom-based Gsa Capital Partners Llp has invested 0.01% in Stage Stores Inc (NYSE:SSI). Keeley Asset Management Corporation has 106,950 shares for 0.02% of their US portfolio. Bank & Trust Of New York Mellon Corp last reported 0% of its portfolio in the stock. Parametric Port Assocs Ltd Liability Com holds 197,985 shares or 0% of its portfolio. Cornerstone Mgmt Ltd Limited Liability Company has 21,300 shares for 0% of their US portfolio. Northern Tru accumulated 389,361 shares or 0% of the stock. Moreover, Arizona State Retirement System has 0% invested in Stage Stores Inc (NYSE:SSI) for 14,031 shares. Moreover, Goldman Sachs Grp Inc has 0% invested in Stage Stores Inc (NYSE:SSI) for 141,352 shares. Nationwide Fund Advisors owns 20,216 shares or 0% of their US portfolio. Kcg Hldg, a New Jersey-based fund reported 16,305 shares.
Insider Transactions: Since May 20, 2016, the stock had 5 insider buys, and 0 selling transactions for $196,794 net activity. Shares for $48,500 were bought by GLAZER MICHAEL L on Monday, May 23. 4,000 shares were bought by Parsons Stephen B, worth $19,654. On Wednesday, May 25 LUNDY RUSS II bought $31,500 worth of the stock or 6,000 shares. HESTERBERG EARL J also bought $71,660 worth of Stage Stores Inc (NYSE:SSI) on Friday, May 20. 5,000 Stage Stores Inc (NYSE:SSI) shares with value of $25,480 were bought by STASYSZEN RICHARD E.
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: Fool.com and their article: “1 Key Stage Stores Stock Number You Must Know” published on April 14, 2016 as well as Fool.com‘s news article titled: “Why Stage Stores Shares Sank on Thursday” with publication date: November 19, 2015.
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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