The stock of Stage Stores Inc (NYSE:SSI) hit a new 52-week low and has $4.21 target or 6.00% below today’s $4.48 share price. The 7 months bearish chart indicates high risk for the $119.71 million company. The 1-year low was reported on Nov, 24 by Barchart.com. If the $4.21 price target is reached, the company will be worth $7.18M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. 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.
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 $18.70 million 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 firm earned “Market Perform” rating on Friday, May 20 by Telsey Advisory Group. The firm earned “Sell” rating on Friday, November 18 by Northcoast. Telsey Advisory Group downgraded Stage Stores Inc (NYSE:SSI) on Thursday, November 19 to “Market Perform” rating. Bank of America downgraded Stage Stores Inc (NYSE:SSI) on Friday, August 21 to “Underperform” rating. The rating was downgraded by TheStreet on Saturday, August 22 to “Buy”. Sterne Agee CRT downgraded Stage Stores Inc (NYSE:SSI) on Thursday, August 13 to “Buy” rating. The firm has “Neutral” rating by B. Riley & Co given on Friday, August 21. Wesley Advisory Group maintained Stage Stores Inc (NYSE:SSI) rating on Friday, August 21. Wesley Advisory Group has “Outperform” rating and $15 price target. The stock of Stage Stores Inc (NYSE:SSI) has “Underperform” rating given on Monday, August 24 by Bank of America. On Friday, August 21 the stock rating was maintained by Telsey Advisory Group with “Outperform”.
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.
Teachers Retirement System Of The State Of Kentucky owns 3,525 shares or 0% of their US portfolio. Geode Cap Llc has 195,976 shares for 0% of their US portfolio. Moreover, Goldman Sachs Incorporated has 0% invested in Stage Stores Inc (NYSE:SSI) for 141,352 shares. Nelson Van Denburg And Campbell Wealth Mngmt Group Limited Liability Co reported 3,300 shares or 0.01% of all its holdings. Credit Suisse Ag owns 30,196 shares or 0% of their US portfolio. Tfs Capital Lc holds 0.01% or 14,653 shares in its portfolio. Panagora Asset Mgmt accumulated 0% or 5,686 shares. Los Angeles Capital Mgmt And Equity Inc accumulated 41,892 shares or 0% of the stock. Blackrock Limited Liability Com owns 76,549 shares or 0% of their US portfolio. Tower Research Lc (Trc) has 0% invested in the company for 1,635 shares. Federated Pa accumulated 1,038 shares or 0% of the stock. Alliancebernstein L P has 32,510 shares for 0% of their US portfolio. Louisiana State Employees Retirement last reported 12,000 shares in the company. State Street owns 738,733 shares or 0% of their US portfolio. Deutsche Commercial Bank Ag owns 95,451 shares or 0% of their US portfolio.
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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