Stage Stores (NYSE:SSI) issued its earnings results on Thursday. The company reported ($0.83) earnings per share for the quarter, Morningstar.com reports. The business had revenue of $381.85 million for the quarter. Stage Stores had a negative return on equity of 29.76% and a negative net margin of 6.56%. Stage Stores updated its FY 2019 guidance to $-2.25–2.1 EPS.
NYSE:SSI traded down $0.03 during trading hours on Friday, reaching $0.75. 31,201 shares of the company’s stock were exchanged, compared to its average volume of 56,759. The company has a market capitalization of $19.49 million, a P/E ratio of -0.35 and a beta of 1.16. Stage Stores has a 12 month low of $0.55 and a 12 month high of $2.21. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 2.94. The business’s 50-day simple moving average is $0.72 and its two-hundred day simple moving average is $0.93.
A number of institutional investors have recently bought and sold shares of the stock. Axar Capital Management L.P. boosted its stake in Stage Stores by 16.2% in the 1st quarter. Axar Capital Management L.P. now owns 4,300,000 shares of the company’s stock worth $4,429,000 after purchasing an additional 600,000 shares during the period. Paradigm Capital Management Inc. NY boosted its stake in Stage Stores by 0.6% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,395,900 shares of the company’s stock worth $1,845,000 after purchasing an additional 15,000 shares during the period. Royce & Associates LP boosted its stake in Stage Stores by 32.7% in the 1st quarter. Royce & Associates LP now owns 2,108,684 shares of the company’s stock worth $2,172,000 after purchasing an additional 519,846 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Stage Stores by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock worth $423,000 after purchasing an additional 47,389 shares during the period. 44.87% of the stock is owned by hedge funds and other institutional investors.
Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.
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