Stein Mart Inc. (SMRT) Set to Announce Quarterly Earnings on Thursday
Stein Mart Inc. (NASDAQ:SMRT) is set to announce its earnings results on Thursday, November 17th. Investors that wish to register for the company’s conference call can do so using this link.
Stein Mart (NASDAQ:SMRT) last issued its quarterly earnings data 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. 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 company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, analysts expect Stein Mart to post $0.38 EPS for the current fiscal year and $0.48 EPS for the next fiscal year.
Shares of Stein Mart Inc. (NASDAQ:SMRT) opened at 6.80 on Tuesday. Stein Mart Inc. has a 52 week low of $5.61 and a 52 week high of $9.23. The firm has a market cap of $318.93 million, a P/E ratio of 14.23 and a beta of 0.76. The company’s 50-day moving average price is $6.27 and its 200 day moving average price is $7.30.
Several hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in shares of Stein Mart by 32.4% in the second quarter. Alliancebernstein L.P. now owns 13,900 shares of the company’s stock valued at $107,000 after buying an additional 3,400 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Stein Mart by 9.9% in the second quarter. BlackRock Advisors LLC now owns 14,019 shares of the company’s stock valued at $108,000 after buying an additional 1,260 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Stein Mart by 3.4% in the second quarter. Arizona State Retirement System now owns 15,407 shares of the company’s stock valued at $119,000 after buying an additional 500 shares in the last quarter. American International Group Inc. boosted its stake in shares of Stein Mart by 3.7% in the second quarter. American International Group Inc. now owns 22,928 shares of the company’s stock valued at $177,000 after buying an additional 815 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Stein Mart during the third quarter valued at $151,000. 51.35% of the stock is currently owned by institutional investors.
Several brokerages have commented on SMRT. TheStreet upgraded shares of Stein Mart from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Zacks Investment Research downgraded shares of Stein Mart from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Johnson Rice downgraded shares of Stein Mart from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Sidoti downgraded shares of Stein Mart from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $7.00 in a report on Thursday, September 29th. Finally, Credit Suisse Group AG set a $8.00 price target on shares of Stein Mart and gave the stock a “hold” rating in a report on Saturday, October 1st. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Stein Mart presently has an average rating of “Hold” and a consensus price target of $7.50.
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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