A delayed predator-prey system with Holling type II functional response and stage structure for both the predator and the prey is investigated. By analyzing the corresponding characteristic equations, the local stability of each of the feasible equilibria of the system is addressed and the existence of a Hopf bifurcation at the coexistence equilibrium is established. By means of persistence theory on infinite dimensional systems, it is proved that the system is permanent. By using Lyapunov functions and the LaSalle invariant principle, the global stability of each of the feasible equilibria of the model is discussed. Numerical simulations are carried out to illustrate the main theoretical results.