The stock of Stage Stores Inc (NYSE:SSI) is a huge mover today! About 93,737 shares traded hands. Stage Stores Inc (NYSE:SSI) has declined 35.59% since April 5, 2016 and is downtrending. It has underperformed by 37.55% the S&P500.
The move comes after 7 months positive chart setup for the $134.10 million company. It was reported on Nov, 7 by Barchart.com. We have $14.15 PT which if reached, will make NYSE:SSI worth $254.79 million 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. The stock has “Outperform” rating given by Wesley Advisory Group on Friday, August 21. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, August 19 report. The stock of Stage Stores Inc (NYSE:SSI) earned “Buy” rating by TheStreet on Saturday, August 22. Telsey Advisory Group maintained Stage Stores Inc (NYSE:SSI) rating on Friday, May 20. Telsey Advisory Group has “Market Perform” rating and $5.25 price target. Bank of America downgraded it to “Underperform” rating and $12 target price in Monday, August 24 report. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, August 21 report. Telsey Advisory Group downgraded Stage Stores Inc (NYSE:SSI) on Thursday, November 19 to “Market Perform” rating. Sterne Agee CRT downgraded the shares of SSI in a report on Thursday, August 13 to “Buy” rating. The company was downgraded on Friday, August 21 by B. Riley & Co. The stock has “Underperform” rating given by Bank of America on Friday, August 21.
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 2016 Q2. Its down 0.11, from 0.69 in 2016Q1. The ratio dropped, 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.
Ls Advsrs Ltd Com holds 0% of its portfolio in Stage Stores Inc (NYSE:SSI) for 1,093 shares. Creative Planning holds 3,992 shares or 0% of its portfolio. Afam Capital has invested 0.09% of its portfolio in Stage Stores Inc (NYSE:SSI). California Pub Employees Retirement Systems holds 234,500 shares or 0% of its portfolio. Moreover, Keeley Asset Management has 0.02% invested in Stage Stores Inc (NYSE:SSI) for 106,950 shares. Great West Life Assurance Can holds 0% of its portfolio in Stage Stores Inc (NYSE:SSI) for 1,091 shares. Invesco Limited last reported 0% of its portfolio in the stock. Tfs Cap Ltd Co accumulated 0.01% or 14,653 shares. Hightower Advisors Limited Liability Company last reported 0.01% of its portfolio in the stock. California State Teachers Retirement System accumulated 0% or 53,765 shares. Goldman Sachs Inc accumulated 141,352 shares or 0% of the stock. Parametric Portfolio Associate Lc has 197,985 shares for 0% of their US portfolio. Buckhead Limited Liability Company has invested 0.09% of its portfolio in Stage Stores Inc (NYSE:SSI). Thrivent Fincl For Lutherans accumulated 0% or 12,940 shares. Kcg last reported 16,305 shares in the company.
Insider Transactions: Since May 20, 2016, the stock had 5 buys, and 0 selling transactions for $196,794 net activity. 10,000 Stage Stores Inc (NYSE:SSI) shares with value of $48,500 were bought by GLAZER MICHAEL L. Parsons Stephen B also bought $19,654 worth of Stage Stores Inc (NYSE:SSI) on Monday, May 23. LUNDY RUSS II had bought 6,000 shares worth $31,500 on Wednesday, May 25. HESTERBERG EARL J bought $71,660 worth of Stage Stores Inc (NYSE:SSI) on Friday, May 20. The insider STASYSZEN RICHARD E bought $25,480.
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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