Smart (SFS) Hits New 12-Month Low at $6.58
Smart (NYSE:SFS) shares reached a new 52-week low on Monday . The company traded as low as $6.58 and last traded at $6.63, with a volume of 790,405 shares traded. The stock had previously closed at $7.20.
A number of research analysts have weighed in on SFS shares. Zacks Investment Research lowered shares of Smart from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Deutsche Bank AG reissued a “buy” rating and set a $12.00 target price (down previously from $14.00) on shares of Smart in a research report on Wednesday, July 26th. TheStreet lowered shares of Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 target price on shares of Smart in a research report on Friday, July 21st. Finally, BidaskClub raised shares of Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.91.
The stock has a 50-day moving average of $7.34 and a 200-day moving average of $9.68. The company has a market cap of $499.64 million, a P/E ratio of 56.25 and a beta of 0.36.
Smart (NYSE:SFS) last posted its earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Smart had a return on equity of 4.14% and a net margin of 0.21%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. Analysts forecast that Smart will post $0.49 earnings per share for the current year.
In other Smart news, SVP Michael A. Mortensen sold 19,304 shares of Smart stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $7.59, for a total value of $146,517.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average price of $6.95 per share, with a total value of $34,750.00. Following the purchase, the director now directly owns 20,140 shares in the company, valued at $139,973. The disclosure for this purchase can be found here. Company insiders own 8.47% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Credit Suisse AG raised its stake in Smart by 0.4% in the 1st quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock worth $563,000 after purchasing an additional 193 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Smart by 6.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock worth $1,203,000 after purchasing an additional 5,796 shares in the last quarter. First Trust Advisors LP raised its stake in Smart by 33.4% in the 1st quarter. First Trust Advisors LP now owns 132,191 shares of the company’s stock worth $1,600,000 after purchasing an additional 33,113 shares in the last quarter. Citadel Advisors LLC raised its stake in Smart by 13.7% in the 1st quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock worth $361,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Smart by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock worth $29,384,000 after purchasing an additional 242,135 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “Smart (SFS) Hits New 12-Month Low at $6.58” was reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/smart-sfs-hits-new-12-month-low-at-6-58/1638124.html.
Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.
Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with Analyst Ratings Network's FREE daily email newsletter.