Stein Mart, Inc. (NASDAQ:SMRT) announced a quarterly dividend on Tuesday, March 14th. Investors of record on Friday, March 31st will be paid a dividend of 0.075 per share on Friday, April 14th. This represents a $0.30 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date of this dividend is Wednesday, March 29th.
Shares of Stein Mart (NASDAQ:SMRT) opened at 2.80 on Tuesday. The company has a market capitalization of $131.65 million, a PE ratio of 311.11 and a beta of 0.59. Stein Mart has a 52 week low of $2.57 and a 52 week high of $9.23. The company has a 50-day moving average price of $3.28 and a 200-day moving average price of $5.07.
Stein Mart (NASDAQ:SMRT) last released its earnings results on Wednesday, March 8th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.06. Stein Mart had a return on equity of 16.09% and a net margin of 0.84%. The company earned $385.50 million during the quarter, compared to analysts’ expectations of $395.92 million. During the same period in the prior year, the company posted $0.17 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. Analysts predict that Stein Mart will post $0.14 earnings per share for the current year.
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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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