Stage Stores Inc (SSI) is Reiterated by Telsey Advisory Group to Market Perform, Raises Price Target to $ 6.50

Stage Stores Inc (SSI) was Reiterated by Telsey Advisory Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 6.50 from a previous price target of $5.25 . Telsey Advisory Group advised their investors in a research report released on Aug 19, 2016.

On the company’s financial health, Stage Stores Inc reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 18, 2016. Analyst had a consensus of $0.05. The company had revenue of $338.40 million for the quarter, compared to analysts expectations of $347.18 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Stage Stores Inc closed down -0.26 points or -4.34% at $5.73 with 3,94,025 shares getting traded on Wednesday. Post opening the session at $5.95, the shares hit an intraday low of $5.67 and an intraday high of $5.9681 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 21, 2016, Russ Ii Lundy (EVP, Chief Stores Officer) purchased 4,000 shares at $5.18 per share price. According to the SEC, on May 23, 2016, Richard E Stasyszen (SVP, Finance and Controller) purchased 5,000 shares at $5.10 per share price. On May 23, 2016, Earl J Hesterberg (director) purchased 15,000 shares at $4.78 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 Goody’s 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.

Stage Stores Inc

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