Stein Mart Inc. (NASDAQ:SMRT) – Analysts at Northcoast Research lowered their Q4 2017 earnings per share estimates for shares of Stein Mart in a note issued to investors on Thursday. Northcoast Research analyst J. Stein now forecasts that the firm will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.21. Northcoast Research also issued estimates for Stein Mart’s Q1 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.17 EPS and FY2018 earnings at $0.45 EPS.
Stein Mart (NASDAQ:SMRT) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $319 million for the quarter. During the same period in the prior year, the company earned $0.10 EPS. Stein Mart’s revenue was up 2.6% on a year-over-year basis.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Stein Mart from a “hold” rating to a “sell” rating in a research note on Saturday, September 24th. TheStreet upgraded shares of Stein Mart from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Johnson Rice lowered shares of Stein Mart from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Sidoti lowered shares of Stein Mart from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $7.00 in a research note on Thursday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.25.
Stein Mart (NASDAQ:SMRT) opened at 6.35 on Friday. The firm has a 50-day moving average price of $7.99 and a 200 day moving average price of $7.54. Stein Mart has a one year low of $5.61 and a one year high of $9.63. The firm has a market capitalization of $297.83 million, a P/E ratio of 13.28 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be issued a $0.075 dividend. 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%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. AXA bought a new position in Stein Mart during the first quarter valued at about $337,000. SECOR Capital Advisors LP boosted its position in Stein Mart by 47.2% in the second quarter. SECOR Capital Advisors LP now owns 114,692 shares of the company’s stock valued at $886,000 after buying an additional 36,760 shares during the period. Paradigm Capital Management Inc. NY boosted its position in Stein Mart by 9.6% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,899,600 shares of the company’s stock valued at $14,665,000 after buying an additional 166,292 shares during the period. Bank of New York Mellon Corp boosted its position in Stein Mart by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 542,647 shares of the company’s stock valued at $4,189,000 after buying an additional 16,092 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Stein Mart by 38.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 273,434 shares of the company’s stock valued at $2,111,000 after buying an additional 75,645 shares during the period. Institutional investors and hedge funds own 50.67% of the company’s stock.
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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