The company is down from yesterday’s close of $1.81. Shares are trading at $1.75 a tad under the 50 day moving average of $2.31 and a bit lower than the 200 day moving average of $2.80. The 50 day moving average was down by -23.904% whereas the 200 day average was down by -37.388%.
Here is the rundown on market activity for Stage Stores, Inc. (NYSE:SSI). President & CEO Michael L. Glazer disclosed the purchase of 25,000 shares of SSI stock. The shares were bought on July 7th for an average price of $1.95. The President & CEO now owns $2,121,479 of the stock per the Form 4 SEC filing. Michael L. Glazer, President & CEO disclosed the purchase of 20,000 shares of (SSI). The shares were purchased at an average price of $2.14. Glazer now owns $2,274,687 of the stock according to the SEC filing.
EVP, Chief Stores Officer Russ Ii Lundy sold 10,000 shares at a price of $2.43 on Thu the 8th. Lundy now owns $198,951 of stock as recorded in a recent Form 4 SEC filing.
Stage Stores, Inc., launched on June 24, 1997, operates specialty department stores mainly in small and mid-sized towns and communities. The Business’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Company 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..
Here are a few additional firms who have increased or decreased their stake in (SSI). Bank Of Montreal /can/ augmented its investment by buying 24,210 shares an increase of 3,064.6% in the quarter. Bank Of Montreal /can/ claims 25,000 shares with a value of $52,000. The total value of its holdings increased 2,500.0%. Goldman Sachs Group Inc trimmed its stake by shedding 59,296 shares a decrease of 33.1% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc now holds 119,598 shares valued at $310,000. The value of the position overall is down by 60.4%.
As of the end of the quarter Hightower Advisors, LLC had sold 200 shares trimming its stake by 0.3%. The value of the company’s investment in Stage Stores, Inc. decreased from $254,000 to $153,000 decreasing 39.8% quarter to quarter. Schwab Charles Investment Management Inc bolstered its ownership by buying 75,590 shares an increase of 11.7% as of 03/31/2017. Schwab Charles Investment Management Inc owns 719,382 shares worth $1,864,000. The value of the position overall is down by 33.8%.
On November 18 the stock rating was downgraded from “Neutral” to “Sell” by analysts at Northcoast Research. On November 20 SunTrust Robinson Humphrey held the company rating at “Buy” and moved down the price target from $16.00 to $10.00.
Equity analyst B. Riley both downgraded the stock and lowered the price target on August 21 cutting the price target from $20.00 to $14.00 and setting the rating at “Neutral” which had previously been “Buy”. On August 21 the company was downgraded to “Neutral” from “Buy” and a price target of $14.00 was set in an announcement from B. Riley.
August 21 investment analysts at SunTrust Robinson Humphrey kept the stock rating at “Buy” and lowered the price target to $16.00 from $21.00. On August 13 the company was changed to a “Neutral” in a report from Sterne Agee CRT a cut from the previous “” rating.
The company also recently announced a dividend that was paid on Wednesday June 14th, 2017. The dividend was $0.050 per share for the quarter or $0.20 annualized. The dividend yield was $10.31. The ex-dividend date was Thursday the 25th of May 2017.
As of the last earnings report the EPS was $-1.53 and is estimated to be $-1.01 for the current year with 27,440,000 shares now outstanding. Next quarter’s EPS is forecasted to be $-0.69 with next year’s EPS projected to be $-0.68.