Insider Selling: Mcfarland Linda Farthing Sells 20,000 Shares of Stein Mart Stock (SMRT)
Stein Mart (NASDAQ:SMRT) Director Mcfarland Linda Farthing sold 20,000 shares of the stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $15.00, for a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 46,408 shares of the company’s stock, valued at approximately $696,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Stein Mart (NASDAQ:SMRT) traded up 0.33% during mid-day trading on Monday, hitting $15.39. 41,752 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 $13.08 and a 200-day moving average of $11.4. The company has a market cap of $681.5 million and a P/E ratio of 22.76.
Stein Mart (NASDAQ:SMRT) last released its 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 in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Stein Mart will post $0.70 earnings per share for the current fiscal year.
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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Stein Mart presently has an average rating of “Buy” and a consensus 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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