According to Zacks, “Stein Mart, Inc. operates retail store chain offering fashionable, current-season, primarily branded merchandise comparable in quality and presentation to that of traditional department and fine specialty stores at prices typically 25% to 60% below those regularly charged by such stores. The company is focused on assorting merchandise that features moderate to designer brand-name apparel for women, men and children, as well as accessories, gifts, linens, shoes and fragrances. “
Separately, TheStreet upgraded shares of Stein Mart from a hold rating to a buy rating in a research note on Monday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Stein Mart presently has a consensus rating of Hold and a consensus target price of $7.50.
Shares of Stein Mart (NASDAQ:SMRT) opened at 7.83 on Friday. The firm has a market cap of $367.24 million, a P/E ratio of 16.38 and a beta of 0.90. Stein Mart has a 12 month low of $5.61 and a 12 month high of $10.28. The stock’s 50 day moving average price is $8.17 and its 200-day moving average price is $7.56.
Stein Mart (NASDAQ:SMRT) last announced its quarterly earnings results on Friday, August 19th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $319 million for the quarter. Stein Mart had a return on equity of 30.61% and a net margin of 1.63%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Equities research analysts anticipate that Stein Mart will post $0.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, September 27th. Stein Mart’s dividend payout ratio (DPR) is currently 63.83%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in Stein Mart by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Arizona State Retirement System boosted its position in Stein Mart by 3.5% in the first quarter. Arizona State Retirement System now owns 14,907 shares of the company’s stock worth $109,000 after buying an additional 500 shares during the period. American International Group Inc. boosted its position in Stein Mart by 3.7% in the second quarter. American International Group Inc. now owns 22,928 shares of the company’s stock worth $177,000 after buying an additional 815 shares during the period. Thrivent Financial for Lutherans boosted its position in Stein Mart by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 231,468 shares of the company’s stock worth $1,787,000 after buying an additional 1,070 shares during the period. Finally, BlackRock Advisors LLC boosted its position in Stein Mart by 9.9% in the second quarter. BlackRock Advisors LLC now owns 14,019 shares of the company’s stock worth $108,000 after buying an additional 1,260 shares during the period. Institutional investors own 50.67% of the company’s stock.
Stein Mart Company Profile
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.
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