News headlines about Stein Mart (NASDAQ:SMRT) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stein Mart earned a daily sentiment score of 0.35 on Accern’s scale. Accern also assigned media stories about the company an impact score of 80 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Changes in Signals Identified: Stein Mart, Inc. (SMRT), Sorrento … – AllStockNews (allstocknews.com)
- ETFs with exposure to Stein Mart, Inc. : June 22, 2017 (finance.yahoo.com)
- Stein Mart, Inc. (SMRT) is at $1.63 per share and Gener8 Maritime, Inc. (GNRT) is listed at $5.80 – Stocks Gallery (stocksgallery.com)
- Stein Mart, Inc. Announces Results of Annual Meeting of Shareholders – GlobeNewswire (press release) (globenewswire.com)
Separately, TheStreet lowered shares of Stein Mart from a “c” rating to a “d+” rating in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Stein Mart has an average rating of “Hold” and an average target price of $7.50.
Shares of Stein Mart (SMRT) traded up 1.86% on Tuesday, reaching $1.64. 375,647 shares of the company were exchanged. Stein Mart has a 52-week low of $1.00 and a 52-week high of $9.23. The stock has a 50 day moving average of $1.71 and a 200-day moving average of $3.20. The company’s market capitalization is $78.10 million.
Stein Mart (NASDAQ:SMRT) last issued its earnings results on Wednesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.05. Stein Mart had a negative return on equity of 10.71% and a negative net margin of 0.69%. The company had revenue of $337.30 million for the quarter, compared to analyst estimates of $362.21 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, analysts predict that Stein Mart will post ($0.20) EPS for the current fiscal year.
In related news, Chairman Jay Stein bought 900,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $1,350,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Sisisky bought 50,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were bought at an average price of $1.51 per share, for a total transaction of $75,500.00. Following the completion of the transaction, the director now directly owns 135,351 shares of the company’s stock, valued at approximately $204,380.01. The disclosure for this purchase can be found here. Insiders have acquired 1,003,500 shares of company stock worth $1,505,595 over the last 90 days. 34.70% of the stock is currently owned by company insiders.
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.
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