Barclays Q2 Review on Stage Stores (SSI): Scooping Up Share From JCPenney
Tweet Send to a FriendGet Alerts SSI Hot Sheet
Price: $24.19 -7.25%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SSI Now!
Barclays maintains an 'Equalweight' on Stage Stores (NYSE: SSI) price target of $20.00 (from $17.00).
Analyst, Robert S. Drbul, noted SSI's Q2 report, which topped Barclays estimates by $0.04. Stage's Q2 sales increased by 8.2% with Home and Cosmetics leading the charge. The company also noted additional strength from stores where JCPenney (NYSE: JCP) was the only competitor (in that market).
Drbul said, "Given the upside to sales and better than expected improvements to gross margin for the quarter, we are increasing our FY12 and FY13 EPS estimates to $1.20 and $1.30 from $1.15 and $1.25, respectively."
For an analyst ratings summary and ratings history on Stage Stores click here. For more ratings news on Stage Stores click here.
Shares of Stage Stores closed at $20.55 yesterday, with a 52 week range of $11.21-$21.65.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Robert S. Drbul, noted SSI's Q2 report, which topped Barclays estimates by $0.04. Stage's Q2 sales increased by 8.2% with Home and Cosmetics leading the charge. The company also noted additional strength from stores where JCPenney (NYSE: JCP) was the only competitor (in that market).
Drbul said, "Given the upside to sales and better than expected improvements to gross margin for the quarter, we are increasing our FY12 and FY13 EPS estimates to $1.20 and $1.30 from $1.15 and $1.25, respectively."
For an analyst ratings summary and ratings history on Stage Stores click here. For more ratings news on Stage Stores click here.
Shares of Stage Stores closed at $20.55 yesterday, with a 52 week range of $11.21-$21.65.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Cisco (CSCO) PT Raised to $26.50 at Nomura
- J.C. Penney (JCP) Stock Already Priced For Recovery - Wells Fargo
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
