Stein Mart (SMRT) Stock Price Down 5.9%

Stein Mart (NASDAQ:SMRT) shares were down 5.9% during trading on Thursday . The company traded as low as $3.50 and last traded at $3.52. Approximately 1,334,700 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 1,258,141 shares. The stock had previously closed at $3.74.

Separately, ValuEngine raised shares of Stein Mart from a “hold” rating to a “buy” rating in a research report on Monday, January 29th.

The company has a quick ratio of 0.17, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Stein Mart (NASDAQ:SMRT) last posted its earnings results on Wednesday, March 14th. The company reported $0.08 EPS for the quarter. The firm had revenue of $384.87 million for the quarter. Stein Mart had a negative net margin of 1.84% and a negative return on equity of 33.73%. During the same period last year, the business earned ($0.09) earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System grew its position in shares of Stein Mart by 46.8% in the 3rd quarter. California Public Employees Retirement System now owns 518,352 shares of the company’s stock valued at $674,000 after buying an additional 165,152 shares during the last quarter. Paradigm Capital Management Inc. NY grew its position in shares of Stein Mart by 60.2% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 764,200 shares of the company’s stock valued at $886,000 after buying an additional 287,276 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Stein Mart in the 4th quarter valued at $324,000. 15.16% of the stock is currently owned by hedge funds and other institutional investors.

About Stein Mart

Stein Mart, Inc operates as a retailer that provides fashion merchandise products and related services in the United States. It offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.

Receive News & Ratings for Stein Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stein Mart and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit