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 company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $15.50, for a total transaction of $310,000.00. Following the transaction, the director now directly owns 46,408 shares of the company’s stock, valued at approximately $719,324. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Stein Mart (NASDAQ:SMRT) traded down 2.33% on Tuesday, hitting $15.12. The stock had a trading volume of 243,026 shares. 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 $669.6 million and a P/E ratio of 22.97.
Stein Mart (NASDAQ:SMRT) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ 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. Analysts expect that Stein Mart will post $0.70 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sidoti downgraded shares of Stein Mart from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus 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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