Stein Mart (SMRT) Upgraded at ValuEngine

Stein Mart (NASDAQ:SMRT) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Shares of Stein Mart (NASDAQ:SMRT) opened at $0.73 on Monday. The firm has a market cap of $35.01, a PE ratio of -1.18 and a beta of 0.82. Stein Mart has a 12 month low of $0.69 and a 12 month high of $3.92. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.17 and a current ratio of 1.36.

Stein Mart (NASDAQ:SMRT) last released its quarterly earnings data on Wednesday, November 15th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.10). The business had revenue of $285.40 million for the quarter. Stein Mart had a negative return on equity of 44.60% and a negative net margin of 2.18%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMRT. Paradigm Capital Management Inc. NY raised its stake in Stein Mart by 694.9% during the third quarter. Paradigm Capital Management Inc. NY now owns 476,924 shares of the company’s stock worth $620,000 after acquiring an additional 416,924 shares during the period. Dimensional Fund Advisors LP raised its stake in Stein Mart by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,161,974 shares of the company’s stock worth $3,654,000 after acquiring an additional 395,327 shares during the period. GSA Capital Partners LLP acquired a new stake in Stein Mart during the third quarter worth about $372,000. Arrowstreet Capital Limited Partnership raised its stake in Stein Mart by 135.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 475,376 shares of the company’s stock worth $803,000 after acquiring an additional 273,470 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Stein Mart by 173.3% during the second quarter. Goldman Sachs Group Inc. now owns 278,382 shares of the company’s stock worth $470,000 after acquiring an additional 176,506 shares during the period. Hedge funds and other institutional investors own 19.99% of the company’s stock.

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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.

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

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