Stein Mart Inc. (NASDAQ:SMRT) Vice Chairman John H. Williams, Jr. purchased 8,300 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were bought at an average cost of $5.10 per share, for a total transaction of $42,330.00. Following the completion of the purchase, the insider now owns 150,000 shares in the company, valued at $765,000. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Stein Mart Inc. (NASDAQ:SMRT) opened at 5.17 on Friday. The firm’s 50 day moving average is $6.02 and its 200 day moving average is $7.23. Stein Mart Inc. has a 1-year low of $5.05 and a 1-year high of $9.23. The firm has a market capitalization of $242.57 million, a PE ratio of 21.02 and a beta of 0.76.

Stein Mart (NASDAQ:SMRT) last posted its earnings results on Thursday, November 17th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.09. The company earned $299.50 million during the quarter, compared to the consensus estimate of $303.16 million. Stein Mart had a net margin of 0.84% and a return on equity of 16.09%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. Analysts anticipate that Stein Mart Inc. will post $0.33 EPS for the current fiscal year.

Several large investors have recently modified their holdings of SMRT. Louisiana State Employees Retirement System boosted its stake in shares of 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. 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 worth $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 worth $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 worth $119,000 after buying an additional 500 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of 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. Institutional investors and hedge funds own 51.67% of the company’s stock.

SMRT has been the topic of a number of research reports. TheStreet raised shares of Stein Mart from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Zacks Investment Research raised shares of Stein Mart from a “sell” rating to a “hold” rating in a research note on Friday, September 16th. Credit Suisse Group AG set a $8.00 price objective on shares of Stein Mart and gave the company a “hold” rating in a research note on Saturday, October 1st. Johnson Rice cut shares of Stein Mart from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Finally, Sidoti cut shares of Stein Mart from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $7.00 in a research note on Thursday, September 29th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.50.

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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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