Stein Mart Director Mcfarland Linda Farthing Unloads 20,000 Shares (SMRT)
Stein Mart (NASDAQ:SMRT) Director Mcfarland Linda Farthing sold 20,000 shares of the stock on the open market in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $13.50, for a total value of $270,000.00. Following the completion of the transaction, the director now directly owns 46,408 shares in the company, valued at approximately $626,508. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Stein Mart (NASDAQ:SMRT) traded up 3.78% on Thursday, hitting $13.47. 35,755 shares of the company’s stock traded hands. Stein Mart has a 52-week low of $6.56 and a 52-week high of $15.21. The stock has a 50-day moving average of $12.91 and a 200-day moving average of $11.70. The company has a market cap of $596.5 million and a P/E ratio of 19.26.
Stein Mart (NASDAQ:SMRT) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $295.53 million. During the same quarter last year, the company posted $0.02 earnings per share. Stein Mart’s revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that Stein Mart will post $0.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, October 2nd.
Separately, analysts at Credit Suisse raised their price target on shares of Stein Mart (NASDAQ:SMRT) from $12.00 to $13.00 in a research note to investors on Friday, August 23rd. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Stein Mart presently has a consensus rating of “Buy” and an average price target of $12.87.
Stein Mart, Inc (NASDAQ:SMRT) is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store.
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