News headlines about Stein Mart (NASDAQ:SMRT) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Stein Mart earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.3041333140575 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Trending Stocks – Stein Mart, Inc. (NASDAQ:SMRT), Enterprise Products Partners LP (NYSE:EPD) - Stock Watch (stocksnewstimes.com)
- Following the Numbers: Technical Watch on Shares of Stein Mart Inc (SMRT) - Wall Street Review (thewallstreetreview.com)
- Investor Center: Technicals in View For Stein Mart Inc (SMRT) - Berry Recorder (berryrecorder.com)
- Stein Mart, Inc. (SMRT) is Rich Dividend Yielding stock with rate of 25.21% - Voice Of Analysts (analystsbuzz.com)
- Stein Mart, Inc. (SMRT) shares of $1.20 - Stocks Gallery (stocksgallery.com)
Separately, TheStreet cut shares of Stein Mart from a “c” rating to a “d+” rating in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.50.
Stein Mart (NASDAQ SMRT) remained flat at $1.26 during midday trading on Thursday. 974,389 shares of the stock were exchanged. The stock’s 50-day moving average is $1.51 and its 200-day moving average is $2.63. Stein Mart has a 52 week low of $1.00 and a 52 week high of $9.23. The firm’s market cap is $60.00 million.
Stein Mart (NASDAQ:SMRT) last posted its earnings results on Wednesday, May 17th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $337.30 million during the quarter, compared to the consensus estimate of $362.21 million. Stein Mart had a negative return on equity of 10.71% and a negative net margin of 0.69%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. On average, equities analysts predict that Stein Mart will post ($0.09) EPS for the current year.
In other news, Director Richard L. Sisisky acquired 50,000 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average price of $1.51 per share, with a total value of $75,500.00. Following the completion of the purchase, the director now directly owns 135,351 shares of the company’s stock, valued at approximately $204,380.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jay Stein acquired 900,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $1.50 per share, with a total value of $1,350,000.00. The disclosure for this purchase can be found here. Insiders bought 1,003,500 shares of company stock valued at $1,505,595 in the last ninety days. 34.70% of the stock is currently owned by insiders.
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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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