The stock of Stein Mart, Inc. (NASDAQ:SMRT) is a huge mover today! The stock last traded at $5.12 per share. It is up 29.09% since April 18, 2016 and is downtrending. It has underperformed by 33.52% the S&P500.
The move comes after 5 months positive chart setup for the $180.54 million company. It was reported on Nov, 18 by Barchart.com. We have $8.81 PT which if reached, will make NASDAQ:SMRT worth $129.99M more.
Stein Mart, Inc. (NASDAQ:SMRT) Ratings Coverage
Out of 4 analysts covering Stein Mart (NASDAQ:SMRT), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Stein Mart has been the topic of 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Thursday, September 29 the stock rating was downgraded by Sidoti to “Neutral”. On Monday, May 9 the stock rating was downgraded by Northland Capital to “Neutral”. Johnson Rice downgraded Stein Mart, Inc. (NASDAQ:SMRT) on Friday, November 20 to “Accumulate” rating. The rating was initiated by Northcoast on Wednesday, July 29 with “Buy”.
According to Zacks Investment Research, “Stein Mart, Inc. operates retail store chain offering fashionable, current-season, primarily branded merchandise comparable in quality and presentation to that of traditional department and fine specialty stores at prices typically 25% to 60% below those regularly charged by such stores. The company is focused on assorting merchandise that features moderate to designer brand-name apparel for women, men and children, as well as accessories, gifts, linens, shoes and fragrances.”
Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.21, from 1.29 in 2016Q1. The ratio is positive, as 8 funds sold all Stein Mart, Inc. shares owned while 34 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 27.57 million shares or 18.94% more from 23.18 million shares in 2016Q1.
Price T Rowe Md holds 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT) for 19,830 shares. Renaissance Tech Lc has 11,800 shares for 0% of their US portfolio. Comml Bank Of America Corporation De accumulated 103,754 shares or 0% of the stock. D E Shaw &, a New York-based fund reported 204,501 shares. Blackrock Fund Advsr accumulated 0% or 2.05M shares. Teachers accumulated 0% or 74,651 shares. Barrow Hanley Mewhinney Strauss Llc has 273,434 shares for 0% of their US portfolio. Ny State Common Retirement Fund accumulated 26,800 shares or 0% of the stock. Ellington Gru Limited Liability has 11,300 shares for 0.12% of their US portfolio. Blackrock owns 3,987 shares or 0% of their US portfolio. Citigroup last reported 27,633 shares in the company. Cwm Lc has invested 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT). Tfs Capital Lc holds 0.05% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT) for 38,415 shares. The New York-based Millennium Mngmt Ltd Limited Liability Company has invested 0% in Stein Mart, Inc. (NASDAQ:SMRT). Tiaa Cref Inv Mngmt Limited has invested 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT).
Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 2 insider sales for $86,731 net activity. $14,451 worth of shares were sold by Kleffner Gregory W on Wednesday, August 24. HAWKINS D HUNT sold 10,000 shares worth $72,280.
More notable recent Stein Mart, Inc. (NASDAQ:SMRT) news were published by: Fool.com which released: “Why Stein Mart, Inc. Stock Plunged Today” on November 17, 2016, also Fool.com with their article: “Why Stein Mart Inc. Shares Dropped 13% in November” published on December 06, 2015, Marketwatch.com published: “Stein Mart CEO resigned; sales running below plan” on September 29, 2016. More interesting news about Stein Mart, Inc. (NASDAQ:SMRT) were released by: Globenewswire.com and their article: “Stein Mart, Inc. Reports Second Quarter Fiscal 2016 Results” published on August 19, 2016 as well as Globenewswire.com‘s news article titled: “Stein Mart Announces Eight New Stores Opening This Fall” with publication date: August 03, 2016.
SMRT Company Profile
Stein Mart, Inc., incorporated on October 14, 1983, is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Firm offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target clients are women over 45 years old. The Firm operates approximately 280 stores in over 30 states and an Internet store. The Company’s stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. It is concentrated in the Southeast and Texas where over 180 of its stores are located.
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