Stein Mart Inc. Sets New 1-Year High at $15.21 (SMRT)
Stein Mart (NASDAQ:SMRT)’s share price reached a new 52-week high on Thursday, AnalystRatingsNetwork reports. The company traded as high as $15.21 and last traded at $15.15, with a volume of 151,476 shares traded. The stock had previously closed at $14.81.
Separately, analysts at Credit Suisse raised their price target on shares of Stein Mart 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.87.
In other Stein Mart news, EVP D Hunt Hawkins unloaded 28,565 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $14.76, for a total value of $421,619.40. The transaction was disclosed in a filing with the SEC, which is available at this link.
Stein Mart has a 52-week low of $6.56 and a 52-week high of $15.21. The stock’s 50-day moving average is $13.08 and its 200-day moving average is $11.4. The company has a market cap of $670.9 million and a P/E ratio of 21.97.
Stein Mart (NASDAQ:SMRT) last announced its earnings results on Thursday, August 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis.
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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