Stein Mart (SMRT) Downgraded to Sell at ValuEngine

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ValuEngine cut shares of Stein Mart (NASDAQ:SMRT) from a hold rating to a sell rating in a research report released on Wednesday morning, ValuEngine reports.

Shares of SMRT opened at $0.91 on Wednesday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.22 and a current ratio of 1.75. Stein Mart has a 1 year low of $0.83 and a 1 year high of $3.56.

Stein Mart (NASDAQ:SMRT) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $314.16 million for the quarter. Stein Mart had a negative net margin of 0.48% and a negative return on equity of 13.79%.

A hedge fund recently bought a new stake in Stein Mart stock. Virtu Financial LLC purchased a new position in shares of Stein Mart, Inc. (NASDAQ:SMRT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,587 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned about 0.06% of Stein Mart as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.75% of the company’s stock.

About Stein Mart

Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home d├ęcor merchandise, accessories, and shoes at everyday discount prices in the Unites States. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.

See Also: Diluted Earnings Per Share

To view ValuEngine’s full report, visit ValuEngine’s official website.

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