Quick Win by the Algorithm: Stage Stores, Inc. (NYSE: SSI) Returns up to 26.36% in 14 Days

“We are optimistic about 2018 and remain focused on building upon the momentum we established in our department store sales. In addition, our acquisition of Gordmans is a great opportunity for us to leverage the strength of the off-price sector, and we plan to accelerate growth in this business during the coming year. As a result, in 2018, we expect to deliver positive comparable sales, significantly improve EBIT, and generate positive free cash flow.”

-Said Mr. Glazer President, Chief Executive Officer and Director of Stage Stores Inc.

[Image Source: Wikipedia]

Stage Stores, Inc. (NYSE: SSI) operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced brand name and private label apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website and send program. As of September 27, 2017, it operated 792 specialty department stores in 42 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES, and STAGE names; 58 GORDMANS off-price stores; and stage.com, an e-commerce Website. The company was founded in 1988 and is headquartered in Houston, Texas.

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