The stock of Stein Mart, Inc. (NASDAQ:SMRT) is a huge mover today! The stock increased 3.68% or $0.19 during the last trading session, hitting $5.36. About 188,025 shares traded hands. Stein Mart, Inc. (NASDAQ:SMRT) has declined 29.85% since April 22, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.
The move comes after 5 months positive chart setup for the $249.08 million company. It was reported on Nov, 25 by Barchart.com. We have $5.84 PT which if reached, will make NASDAQ:SMRT worth $22.42M more.
Analysts await Stein Mart, Inc. (NASDAQ:SMRT) to report earnings on March, 9. They expect $0.01 EPS, down 94.12% or $0.16 from last year’s $0.17 per share. SMRT’s profit will be $464,701 for 134.00 P/E if the $0.01 EPS becomes a reality. After $-0.24 actual EPS reported by Stein Mart, Inc. for the previous quarter, Wall Street now forecasts -104.17% EPS growth.
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. The firm earned “Neutral” rating on Thursday, September 29 by Sidoti. On Friday, November 20 the stock rating was downgraded by Johnson Rice to “Accumulate”. Northcoast initiated Stein Mart, Inc. (NASDAQ:SMRT) on Wednesday, July 29 with “Buy” rating. The rating was downgraded by Northland Capital on Monday, May 9 to “Neutral”.
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.
Pub Sector Pension Board last reported 0% of its portfolio in the stock. Aperio Grp Lc holds 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT) for 10,711 shares. Arizona State Retirement Sys holds 0% or 15,407 shares in its portfolio. Landscape Capital Management Ltd Llc last reported 0.03% of its portfolio in the stock. Cwm Ltd Limited Liability Company holds 0% or 400 shares in its portfolio. Raymond James & Assocs holds 0% or 91,417 shares in its portfolio. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT) for 9,253 shares. D E Shaw & last reported 204,501 shares in the company. Teacher Retirement System Of Texas has 4,140 shares for 0% of their US portfolio. Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. The Texas-based Barrow Hanley Mewhinney Strauss Llc has invested 0% in Stein Mart, Inc. (NASDAQ:SMRT). Comerica Bancorporation holds 29,183 shares or 0% of its portfolio. Teachers Retirement Of The State Of Kentucky holds 11,100 shares or 0% of its portfolio. Northern has invested 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT). California State Teachers Retirement last reported 65,304 shares in the company.
Insider Transactions: Since June 10, 2016, the stock had 2 insider purchases, and 2 selling transactions for $108,599 net activity. 10,000 Stein Mart, Inc. (NASDAQ:SMRT) shares with value of $72,280 were sold by HAWKINS D HUNT. $42,330 worth of shares were bought by WILLIAMS JOHN H JR on Tuesday, November 22. Another trade for 1,700 shares valued at $14,451 was sold by Kleffner Gregory W.
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, Prnewswire.com published: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Stein Mart …” on April 25, 2016. More interesting news about Stein Mart, Inc. (NASDAQ:SMRT) were released by: Globenewswire.com and their article: “Stein Mart Announces Eight New Stores Opening This Fall” published on August 03, 2016 as well as Marketwatch.com‘s news article titled: “Stein Mart CEO resigned; sales running below plan” with publication date: September 29, 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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