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Stock analysts at Canaccord Genuity dropped their price objective on shares of Stein Mart (NASDAQ:SMRT) from $19.00 to $17.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 35.67% from the stock’s previous close.

Shares of Stein Mart (NASDAQ:SMRT) opened at 12.57 on Thursday. 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 $13.14 and a 200-day moving average of $13.39. The company has a market cap of $564.8 million and a price-to-earnings ratio of 24.60.

Stein Mart (NASDAQ:SMRT) last released its earnings data on Thursday, August 21st. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $298.20 million for the quarter, compared to the consensus estimate of $300.80 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Stein Mart will post $0.70 EPS for the current fiscal year.

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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