Stein Mart Director Martin E. Stein, Jr. Sells 8,495 Shares (SMRT)
Stein Mart (NASDAQ:SMRT) Director Martin E. Stein, Jr. unloaded 8,495 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $14.23, for a total transaction of $120,883.85. Following the completion of the transaction, the director now directly owns 50,573 shares in the company, valued at approximately $719,654. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Stein Mart (NASDAQ:SMRT) traded up 0.72% on Tuesday, hitting $14.02. The stock had a trading volume of 31,430 shares. Stein Mart has a 52-week low of $11.53 and a 52-week high of $16.17. The stock has a 50-day moving average of $13.69 and a 200-day moving average of $13.44. The company has a market cap of $627.0 million and a P/E ratio of 25.22.
Stein Mart (NASDAQ:SMRT) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.32 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.32. The company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $328.06 million. During the same quarter last year, the company posted $0.33 earnings per share. Stein Mart’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that Stein Mart will post $0.71 earnings per share for the current fiscal year.
Separately, analysts at Canaccord Genuity raised their price target on shares of Stein Mart from $17.00 to $18.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock.
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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