Q4 2017 EPS Estimates for Stein Mart Inc. (SMRT) Cut by Analyst
Stein Mart Inc. (NASDAQ:SMRT) – Analysts at Northcoast Research dropped their Q4 2017 earnings estimates for shares of Stein Mart in a report issued on Thursday. Northcoast Research analyst J. Stein now expects that the brokerage will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.21. Northcoast Research also issued estimates for Stein Mart’s Q1 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.17 EPS and FY2018 earnings at $0.45 EPS.
SMRT has been the topic of several other reports. Zacks Investment Research upgraded shares of Stein Mart from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Johnson Rice lowered shares of Stein Mart from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TheStreet lowered shares of Stein Mart from a “buy” rating to a “hold” rating in a report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Stein Mart currently has a consensus rating of “Hold” and a consensus target price of $7.25.
Shares of Stein Mart (NASDAQ:SMRT) traded up 0.79% on Friday, reaching $6.35. 340,079 shares of the company traded hands. Stein Mart has a one year low of $5.61 and a one year high of $9.63. The company has a market capitalization of $297.83 million, a PE ratio of 13.28 and a beta of 0.90. The firm has a 50-day moving average price of $7.99 and a 200 day moving average price of $7.54.
Stein Mart (NASDAQ:SMRT) last announced its earnings results on Friday, August 19th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $319 million for the quarter. During the same period last year, the firm earned $0.10 EPS. The company’s revenue was up 2.6% compared to the same quarter last 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 paid a $0.075 dividend. The ex-dividend date is Tuesday, September 27th. This represents a $0.30 annualized dividend and a dividend yield of 4.72%. Stein Mart’s dividend payout ratio is currently 63.83%.
Several hedge funds have recently added to or reduced their stakes in SMRT. Royce & Associates LP raised its stake in Stein Mart by 0.7% in the first quarter. Royce & Associates LP now owns 5,726,822 shares of the company’s stock valued at $41,978,000 after buying an additional 37,698 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Stein Mart by 5,393.2% in the second quarter. Wedge Capital Management L L P NC now owns 3,960,627 shares of the company’s stock valued at $53,746,000 after buying an additional 3,888,527 shares in the last quarter. BlackRock Fund Advisors raised its stake in Stein Mart by 7.7% in the second quarter. BlackRock Fund Advisors now owns 2,046,357 shares of the company’s stock valued at $15,798,000 after buying an additional 147,001 shares in the last quarter. Paradigm Capital Management Inc. NY raised its stake 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. Finally, Vanguard Group Inc. raised its stake in Stein Mart by 12.0% in the second quarter. Vanguard Group Inc. now owns 1,340,356 shares of the company’s stock valued at $10,348,000 after buying an additional 143,394 shares in the last quarter. Institutional investors own 50.67% of the company’s stock.
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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