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SSI $0.38

SSI target price
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Stage Stores, Inc.
Type
Public
Traded as NYSE: SSI
Industry Retail
Founded 1988 (29 years ago) (1988)
Headquarters Houston, Texas
Key people
Products Apparel, Accessories, Cosmetics, Footwear, and Housewares
Website
  • www.stage.com
  • www.stagestoresinc.com

Stage Stores is a department store company specializing in retailing brand name apparel, accessories, cosmetics, footwear, and housewares throughout the United States. The corporate office is located in Houston, Texas.

Stage Stores operates 793 stores in 42 states under the Bealls, Palais Royal, Peebles, Stage, Gordmans, and Goody's nameplates.

The company operates stores primarily in Midwestern, Southeastern, Mid-Atlantic, and New England regions. Stores can be found in shopping malls and centers or in standalone locations.

In 2011, Stage Stores began a new chain called Steele's, but in March 2014 it was announced that these stores are being sold to Hilco Global.

Through the company’s “Community Counts” program, Stage Stores, Inc. gives back to the areas it serves and is actively involved in charitable causes, sponsorships, and associate volunteerism efforts. In March 2014, the company rolled out its “30 Days of Giving” initiative at all stores. The initiative resulted in nearly $1 million donated to over 700 local organizations.

The company unveiled its eCommerce website in 2010, www.stagestores.com where consumers can purchase apparel, accessories, cosmetics, footwear, and housewares.

Brands found exclusively at Stage Stores, Inc. family of department stores include Valerie Stevens; Signature Studio; Sun River; Rustic Blue; Rebecca Malone; and Wishful Park.

Stage Stores, Inc. is publicly traded on the NYSE as SSI since 2002.

Through a series of acquisitions the company has grown to 793 stores as of July 29, 2017.

In June 1992, Stage Stores, then known as Specialty Retailers, Inc. (SRI), acquired Colorado-based Fashion Bar, Inc., a family-owned business with 71 stores, most of which were comparable to Palais Royal and Bealls. The remainder were small specialty stores known as Stage Stores, which had already become part of SRI's operation.

In 1996, SRI completed the closure of the other Fashion Bar Stores but retained the Stage name. The company purchased the forty-nine stores of Beall-Ladymon, Inc., sold by company president Horace Ladymon. The outlets were located in Arkansas, Kansas, Louisiana, and Mississippi; they were reopened in 1994 under the "Stage" name.

Stage expanded into the Northwest with the acquisition in 1997 of C. R. Anthony Co. and Tri-North stores.

The company acquired Uhlmans in 1997 which brought Stage to Michigan, Illinois, and Indiana. All of these newly acquired stores, however, were closed by 1999 when Stage Stores filed for Chapter 11 bankruptcy. Closures as part of the bankruptcy included most of the former Fashion Bar, Milliken's, Tri-North, and Uhlman's stores, as well as an exodus from Wisconsin, Michigan, and Minnesota.

Stores with the Stage nameplate still operate in Arizona, Arkansas, Colorado, Iowa, Kansas, Louisiana, Missouri, Mississippi, and Oklahoma. Before the bankruptcy, Stage stores also operated in Alabama, Georgia, Idaho, Illinois, Indiana, Michigan, Minnesota, Montana, North Carolina, Ohio, Oregon, South Carolina, South Dakota, Washington, Wisconsin, and Wyoming.

In 2003, Stage Stores acquired 136 Peebles stores located in 17 states.

The company purchased the Goody’s name through the Goody’s bankruptcy auction in 2009. The nameplate was used in markets with a strong customer awareness and brand recognition of the name.

Stage Stores acquired Gordmans in 2017.

Stage Stores, Inc. has acquired many stores over the years, including the following:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2019 2020-03-05 0.00 0.00
Q3 2019 2019-11-21 0.00 -0.55
Q2 2019 2019-08-22 0.00 -0.83
Q1 2019 2019-05-23 0.00 -1.67
Q4 2018 2019-03-07 0.00 -0.28
Q3 2018 2018-11-20 0.00 -1.11

Ratings

2016-05-25 Reiterated Rating B. Riley Neutral $4.80
2016-05-20 Lower Price Target Telsey Advisory Group Market Perform $7.50 to $5.25
2016-05-20 Reiterated Rating B. Riley Neutral $4.80
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-03-07 Reiterated Rating B. Riley Neutral $6.25
2016-03-02 Reiterated Rating B. Riley Neutral $7.00
2015-11-23 Reiterated Rating B. Riley Neutral $7.00
2015-11-20 Lower Price Target SunTrust Buy $16.00 to $10.00
2015-11-20 Lower Price Target Nomura Neutral $15.00 to $7.00
2015-11-20 Lower Price Target SunTrust Banks Inc. Buy $16.00 to $10.00
2015-11-20 Lower Price Target Nomura Holdings Inc. Neutral $15.00 to $7.00
2015-11-19 Downgrade Telsey Advisory Group Outperform to Market Perform $15.00 to $7.50
2015-11-18 Reiterated Rating B. Riley Neutral $10.00
2015-09-21 Reiterated Rating B. Riley Hold $14.00
2015-08-26 Reiterated Rating B. Riley Neutral $14.00
2015-08-21 Lower Price Target SunTrust Buy $21.00 to $16.00
2015-08-21 Downgrade Bank of America Buy to Underperform $24.00 to $12.00
2015-08-21 Lower Price Target Telsey Advisory Group Outperform $21.00 to $15.00
2015-08-21 Downgrade B. Riley Buy to Neutral $20.00 to $14.00
2015-08-21 Downgrade Bank of America Corp. Buy to Underperform $24.00 to $12.00
2015-08-20 Lower Price Target Sterne Agee CRT Neutral $20.00 to $13.00
2015-08-13 Downgrade Sterne Agee CRT Buy to Neutral $23.00 to $20.00
2015-05-28 Reiterated Rating B. Riley Buy $20.00
2015-05-23 Reiterated Rating SunTrust Buy $25.00 to $21.00
2015-05-23 Reiterated Rating Nomura Neutral $20.00 to $19.00
2015-05-20 Upgrade Telsey Advisory Group Market Perform to Outperform $21.00
2015-05-20 Upgrade B. Riley Neutral to Buy $22.50 to $20.00
2015-05-18 Reiterated Rating Sterne Agee CRT Buy $25.00 to $23.00
2015-03-11 Reiterated Rating B. Riley Neutral $22.50
2015-03-04 Lower Price Target Telsey Advisory Group Market Perform $23.00 to $21.00
2015-03-04 Reiterated Rating B. Riley Neutral $22.50
2015-02-13 Upgrade Sterne Agee CRT Neutral to Buy $18.00 to $26.00
2015-01-16 Reiterated Rating B. Riley Neutral $22.00
2015-01-09 Boost Price Target Telsey Advisory Group Market Perform $21.00 to $23.00
2015-01-09 Reiterated Rating B. Riley Neutral $22.00
2014-11-20 Upgrade Telsey Advisory Group Underperform to Market Perform $18.00
2014-10-02 Initiated Coverage Sterne Agee CRT Neutral $16.00
2014-09-11 Initiated Coverage Credit Suisse Neutral $20.00
2014-09-11 Initiated Coverage Credit Suisse Group AG Neutral $20.00
2014-08-22 Lower Price Target Telsey Advisory Group Not Rated $21.00 to $18.00
2014-05-21 Reiterated Rating Nomura Neutral $24.00 to $20.00
2014-05-21 Lower Price Target Telsey Advisory Group Not Rated $25.00 to $21.00
2014-05-09 Initiated Coverage Bank of America Buy $23.00
2014-04-30 Reiterated Rating B. Riley Neutral $23.00
2014-04-29 Downgrade Northcoast Research Buy to Neutral $27.00
2014-03-07 Boost Price Target Telsey Advisory Group Not Rated $23.50 to $26.00
2014-02-12 Initiated Coverage Nomura Neutral $20.00
2013-11-22 Lower Price Target Telsey Advisory Group Not Rated $26.00 to $24.00
2013-09-30 Downgrade Buckingham Research Buy to Neutral
2013-05-02 Downgrade B. Riley & Co. Buy to Neutral $34 to $32
2011-03-09 Upgrade Morgan Joseph Hold to Buy $22
2011-03-09 Reiterated Barclays Capital Equal Weight $18 to $20
2011-01-07 Downgrade Morgan Joseph Buy to Hold
2010-01-25 Upgrade Morgan Joseph Hold to Buy $16
2009-07-14 Initiated Sun Trust Rbsn Humphrey Buy $14
2009-03-11 Reiterated Barclays Capital Equal Weight $5 to $8
2008-02-27 Reiterated Lehman Brothers Overweight $20 to $18
2007-08-24 Reiterated First Albany Buy $20 to $19
2007-06-08 Reiterated Morgan Joseph Buy $26 to $24.50
2007-02-02 Initiated Morgan Joseph Buy $26
2016-05-25 Reiterated Rating B. Riley Neutral $4.80
2016-05-20 Lower Price Target Telsey Advisory Group Market Perform $7.50 to $5.25
2016-05-20 Reiterated Rating B. Riley Neutral $4.80
2016-05-16 Reiterated Rating Sterne Agee CRT Neutral
2016-03-07 Reiterated Rating B. Riley Neutral $6.25

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In SSI 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
GLAZER MICHAEL L President & CEO 4.91%  (1560721) SSI /
Lawrence Steven Paul Chief Merchandising Officer 0.87%  (275505) FRAN / SSI /
RECORD EDWARD J COO 0.48%  (152913) JCP / SSI /
Montgoris William 0.47%  (148339) SSI /
Barocas Alan J 0.38%  (122399) SSI /
WEBER THORSTEN I EVP, Chief Merch. Officer 0.38%  (120645) SSI /
HESTERBERG EARL J 0.36%  (114400) GPI / SSI /
HUNTER STEVEN L EVP, Chief Information Officer 0.32%  (102420) SSI /
Shein Oded EVP, Chief Financial Officer 0.30%  (96300) CONN / SSI /
CROWLEY ELAINE D 0.29%  (92304) SSI /
LUCAS RON EVP, HR 0.27%  (84844) SSI /
REASOR CRAIG CLAYTON 0.26%  (82652) PSXP / SSI /
ELLIS DIANE MARIE 0.26%  (82195) CHS / SSI /
KRANC LISA R 0.25%  (80092) SSI /
LUNDY RUSS II EVP, Stores 0.23%  (72074) SSI /
Gentner William E EVP, Chief Marketing Officer 0.17%  (53986) SSI /
SCOZZAFAVA RALPH P 0.16%  (52439) DF / SSI /
STASYSZEN RICHARD E SVP, Finance and Controller 0.15%  (47334) SSI /
GRAY AMY B EVP, Chief HR Officer 0.11%  (33569) SSI /
REYNOLDS CHADWICK P SVP, CLO and Secretary 0.09%  (27501) SSI /
GREENE GABRIELLE E 0.08%  (26729) BRX / SSI / WFM /
Parsons Stephen B EVP, Chief HR Officer 0.06%  (20556) SSI /