Capstone Asset Management Co. maintained its stake in shares of Stein Mart Inc. (NASDAQ:SMRT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,770 shares of the company’s stock at the end of the second quarter. Capstone Asset Management Co.’s holdings in Stein Mart were worth $176,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of SMRT. Arizona State Retirement System raised its stake in shares of Stein Mart by 3.5% in the first quarter. Arizona State Retirement System now owns 14,907 shares of the company’s stock worth $109,000 after buying an additional 500 shares in the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of Stein Mart by 27.7% in the first quarter. Landscape Capital Management L.L.C. now owns 33,760 shares of the company’s stock worth $247,000 after buying an additional 7,313 shares in the last quarter. AXA purchased a new stake in shares of Stein Mart during the first quarter worth approximately $337,000. Prudential Financial Inc. raised its stake in shares of Stein Mart by 2.7% in the first quarter. Prudential Financial Inc. now owns 68,058 shares of the company’s stock worth $499,000 after buying an additional 1,800 shares in the last quarter. Finally, Kennedy Capital Management Inc. purchased a new stake in shares of Stein Mart during the first quarter worth approximately $1,101,000. Hedge funds and other institutional investors own 50.67% of the company’s stock.
Shares of Stein Mart Inc. (NASDAQ:SMRT) traded up 0.79% on Friday, reaching $6.35. The company’s stock had a trading volume of 340,079 shares. The stock has a 50-day moving average price of $7.99 and a 200-day moving average price of $7.54. Stein Mart Inc. has a 1-year low of $5.61 and a 1-year high of $9.63. The company has a market capitalization of $297.83 million, a price-to-earnings ratio of 13.28 and a beta of 0.90.
Stein Mart (NASDAQ:SMRT) last issued its earnings results on Friday, August 19th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.01. Stein Mart had a return on equity of 30.61% and a net margin of 1.63%. The business had revenue of $319 million for the quarter. During the same quarter in the previous year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Stein Mart Inc. will post $0.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Tuesday, September 27th. Stein Mart’s dividend payout ratio (DPR) is presently 63.83%.
A number of brokerages recently commented on SMRT. Zacks Investment Research upgraded Stein Mart from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Johnson Rice downgraded Stein Mart from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TheStreet downgraded Stein Mart from a “buy” rating to a “hold” rating in a report on Monday, September 26th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.25.
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.
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