Stein Mart Inc. (NASDAQ:SMRT) has earned an average rating of “Hold” from the seven research firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.50.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Stein Mart from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. TheStreet upgraded Stein Mart from a “hold” rating to a “buy” rating in a research note on Monday, August 15th.
Several hedge funds have recently bought and sold shares of the company. AXA bought a new stake in Stein Mart during the first quarter worth $337,000. SECOR Capital Advisors LP increased its position in Stein Mart by 47.2% in the second quarter. SECOR Capital Advisors LP now owns 114,692 shares of the company’s stock valued at $886,000 after buying an additional 36,760 shares in the last quarter. Paradigm Capital Management Inc. NY increased its position in Stein Mart by 9.6% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,899,600 shares of the company’s stock valued at $14,665,000 after buying an additional 166,292 shares in the last quarter. Bank of New York Mellon Corp increased its position in Stein Mart by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 542,647 shares of the company’s stock valued at $4,189,000 after buying an additional 16,092 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in Stein Mart by 38.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 273,434 shares of the company’s stock valued at $2,111,000 after buying an additional 75,645 shares in the last quarter. 50.67% of the stock is currently owned by institutional investors and hedge funds.
Stein Mart (NASDAQ:SMRT) opened at 6.26 on Thursday. The stock has a 50 day moving average price of $7.92 and a 200-day moving average price of $7.53. The company has a market cap of $293.61 million, a price-to-earnings ratio of 13.10 and a beta of 0.87. Stein Mart has a 1-year low of $5.61 and a 1-year high of $9.30.
Stein Mart (NASDAQ:SMRT) last issued its quarterly earnings results on Friday, August 19th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.01. Stein Mart had a return on equity of 30.61% and a net margin of 1.63%. The firm had revenue of $319 million for the quarter. During the same period in the prior year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Stein Mart will post $0.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Tuesday, September 27th. Stein Mart’s dividend payout ratio is currently 63.83%.
About Stein Mart
Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.
Receive News & Ratings for Stein Mart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stein Mart Inc. and related companies with MarketBeat.com's FREE daily email newsletter.