Stein Mart Inc. (NASDAQ:SMRT) was down 2.1% on Monday . The company traded as low as $7.44 and last traded at $7.58, with a volume of 140,696 shares changing hands. The stock had previously closed at $7.74.

A number of equities research analysts have recently weighed in on SMRT shares. Zacks Investment Research raised shares of Stein Mart from a “sell” rating to a “hold” rating in a report on Friday, June 10th. TheStreet raised shares of Stein Mart from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.50.

The firm has a market capitalization of $355.52 million, a P/E ratio of 15.86 and a beta of 0.90. The stock’s 50-day moving average price is $8.25 and its 200-day moving average price is $7.56.

Stein Mart (NASDAQ:SMRT) last released its earnings results on Friday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.01. The business had revenue of $319 million for the quarter. Stein Mart had a return on equity of 30.61% and a net margin of 1.63%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Analysts anticipate that Stein Mart Inc. will post $0.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $0.30 dividend on an annualized basis and a yield of 3.96%. Stein Mart’s dividend payout ratio (DPR) is presently 63.83%.

A number of large investors have recently added to or reduced their stakes in SMRT. Louisiana State Employees Retirement System raised its stake in Stein Mart by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its stake in 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 during the period. American International Group Inc. raised its stake in Stein Mart by 3.7% in the second quarter. American International Group Inc. now owns 22,928 shares of the company’s stock worth $177,000 after buying an additional 815 shares during the period. Thrivent Financial for Lutherans raised its stake in Stein Mart by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 231,468 shares of the company’s stock worth $1,787,000 after buying an additional 1,070 shares during the period. Finally, BlackRock Advisors LLC raised its stake in Stein Mart by 9.9% in the second quarter. BlackRock Advisors LLC now owns 14,019 shares of the company’s stock worth $108,000 after buying an additional 1,260 shares during the period. Institutional investors own 50.72% of the company’s stock.

Stein Mart Company Profile

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.

5 Day Chart for NASDAQ:SMRT

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