Barclays Maintains an 'Equalweight' on Stage Stores (SSI); Review of 3Q11
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Price: $0.38 --0%
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Stage Stores (NYSE: SSI) price target of $18.00.
Barclays analyst says, "Stage Stores reported 3Q11 EPS of $(0.36), $(0.07) below our estimate and down from $(0.18) last year. Comps declined (0.6)%, as soft sales in women's sportswear more than offset positive trends in cosmetics, home and gifts. Transactions were down (1.2)%, and AUR increased by 0.4%. We expect essentially flat 4Q11 comps as initiatives in toys, cosmetics, non-apparel gifts, and cold weather (which were solid performers in 3Q11) are expected to account for almost 25% of 4Q11 sales."
"Given the results from the quarter, we are lowering our 2011 EPS estimate to $1.03 from $1.10. However, incorporating the benefits from the share repurchase program completed in 2011, we are maintaining our 2012 EPS estimate of $1.20."
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 $13.75 yesterday.
Barclays analyst says, "Stage Stores reported 3Q11 EPS of $(0.36), $(0.07) below our estimate and down from $(0.18) last year. Comps declined (0.6)%, as soft sales in women's sportswear more than offset positive trends in cosmetics, home and gifts. Transactions were down (1.2)%, and AUR increased by 0.4%. We expect essentially flat 4Q11 comps as initiatives in toys, cosmetics, non-apparel gifts, and cold weather (which were solid performers in 3Q11) are expected to account for almost 25% of 4Q11 sales."
"Given the results from the quarter, we are lowering our 2011 EPS estimate to $1.03 from $1.10. However, incorporating the benefits from the share repurchase program completed in 2011, we are maintaining our 2012 EPS estimate of $1.20."
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 $13.75 yesterday.
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