Stage Stores (NYSE:SSI) posted its quarterly earnings data on Thursday. The company reported ($0.83) earnings per share for the quarter, Morningstar.com reports. 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.
Shares of NYSE SSI opened at $0.71 on Friday. The firm has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $0.93. The stock has a market capitalization of $19.49 million, a price-to-earnings ratio of -0.33 and a beta of 1.16. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 2.94. Stage Stores has a 52 week low of $0.55 and a 52 week high of $2.21.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Stage Stores by 9.4% during the second 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 last quarter. Royce & Associates LP increased its position in Stage Stores by 32.7% during the first 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 last quarter. Paradigm Capital Management Inc. NY increased its position in Stage Stores by 0.6% during the second 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 last quarter. Finally, Axar Capital Management L.P. increased its position in Stage Stores by 16.2% during the first 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 last quarter. Institutional investors and hedge funds own 44.87% of the company’s stock.
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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