Stein Mart Inc. (NASDAQ:SMRT) – Equities research analysts at Northcoast Research lowered their Q1 2018 earnings per share (EPS) estimates for shares of Stein Mart in a research note issued to investors on Friday. Northcoast Research analyst J. Stein now anticipates that the firm will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.31. Northcoast Research also issued estimates for Stein Mart’s Q2 2018 earnings at $0.04 EPS and FY2018 earnings at $0.35 EPS.

Stein Mart (NASDAQ:SMRT) last posted its quarterly earnings results on Thursday, November 17th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.09. Stein Mart had a net margin of 0.84% and a return on equity of 16.09%. The business had revenue of $299.50 million for the quarter, compared to analysts’ expectations of $303.16 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis.

Earnings History and Estimates for Stein Mart (NASDAQ:SMRT)

A number of other analysts also recently issued reports on SMRT. Credit Suisse Group AG set a $8.00 price target on shares of Stein Mart and gave the company a “hold” rating in a report on Saturday, October 1st. Johnson Rice downgraded shares of Stein Mart from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Sidoti cut shares of Stein Mart from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $7.00 in a research note on Thursday, September 29th. TheStreet cut shares of Stein Mart from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Zacks Investment Research cut shares of Stein Mart from a “hold” rating to a “sell” rating in a research note on Saturday, September 24th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.50.

Stein Mart (NASDAQ:SMRT) traded down 1.1360% during mid-day trading on Monday, reaching $5.1607. 246,922 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $6.05 and its 200 day moving average price is $7.24. The firm has a market cap of $242.13 million, a price-to-earnings ratio of 20.9785 and a beta of 0.76. Stein Mart has a one year low of $5.05 and a one year high of $9.23.

In related news, Vice Chairman John H. Williams, Jr. acquired 8,300 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was bought at an average price of $5.10 per share, with a total value of $42,330.00. Following the purchase, the insider now directly owns 150,000 shares in the company, valued at approximately $765,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman John H. Williams, Jr. acquired 30,000 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were bought at an average cost of $5.10 per share, with a total value of $153,000.00. Following the purchase, the insider now owns 141,700 shares in the company, valued at $722,670. The disclosure for this purchase can be found here. 34.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC increased its position in Stein Mart by 12.1% in the third quarter. BlackRock Advisors LLC now owns 15,722 shares of the company’s stock worth $100,000 after buying an additional 1,703 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Stein Mart by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in Stein Mart by 3.9% in the third quarter. Arizona State Retirement System now owns 16,007 shares of the company’s stock worth $102,000 after buying an additional 600 shares in the last quarter. Alliancebernstein L.P. increased its position in Stein Mart by 32.4% in the second quarter. Alliancebernstein L.P. now owns 13,900 shares of the company’s stock worth $107,000 after buying an additional 3,400 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Stein Mart by 9.8% in the third quarter. First Trust Advisors LP now owns 16,826 shares of the company’s stock worth $107,000 after buying an additional 1,507 shares in the last quarter. 51.67% of the stock is owned by institutional investors.

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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.

5 Day Chart for NASDAQ:SMRT

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