Stage Stores Inc (SSI) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 5.25 from a previous price target of $7.50 . Telsey Advisory Group advised their investors in a research report released on May 20, 2016.
On the company’s financial health, Stage Stores Inc reported $-0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $-0.46. The company had revenue of $332.80 million for the quarter, compared to analysts expectations of $346.27 million. The company’s revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.27 EPS.
Stage Stores Inc closed down -1.37 points or -23.30% at $4.51 with 39,45,795 shares getting traded on Thursday. Post opening the session at $5.1, the shares hit an intraday low of $4.5 and an intraday high of $5.2389 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Apr 11, 2016, Michael L Glazer (CEO) purchased 24,556 shares at $6.68 per share price. According to the SEC, on Dec 7, 2015, Diane Marie Ellis (director) purchased 2,000 shares at $7.65 per share price. On Nov 24, 2015, Ralph P Scozzafava (director) purchased 10,000 shares at $6.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Stage Stores Inc. (Stage Stores) operates primarily in small and mid-sized towns and communities. Its stores which operate under the Bealls Goodys Palais Royal Peebles and Stage names offer moderately priced nationally recognized brand name apparel accessories cosmetics and footwear for the entire family. The Company operates approximately 850 stores in 40 states.