Stein Mart, Inc. (NASDAQ:SMRT) was downgraded by investment analysts at TheStreet from a “c” rating to a “d+” rating in a report issued on Wednesday.

Shares of Stein Mart (NASDAQ:SMRT) traded up 6.19% during trading on Wednesday, hitting $1.20. The stock had a trading volume of 1,848,579 shares. The stock’s market cap is $56.62 million. The stock’s 50-day moving average price is $2.39 and its 200 day moving average price is $3.91. Stein Mart has a one year low of $1.00 and a one year high of $9.23.

Stein Mart (NASDAQ:SMRT) last posted its quarterly earnings data on Wednesday, May 17th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $337.30 million for the quarter, compared to analyst estimates of $362.21 million. Stein Mart had a return on equity of 16.09% and a net margin of 0.84%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. On average, equities analysts forecast that Stein Mart will post $0.10 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in Stein Mart by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System raised its stake in Stein Mart by 3.9% in the third quarter. Arizona State Retirement System now owns 16,007 shares of the company’s stock valued at $102,000 after buying an additional 600 shares during the last quarter. First Trust Advisors LP raised its stake in Stein Mart by 9.8% in the third quarter. First Trust Advisors LP now owns 16,826 shares of the company’s stock valued at $107,000 after buying an additional 1,507 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Stein Mart by 19.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 19,500 shares of the company’s stock valued at $107,000 after buying an additional 3,200 shares during the last quarter. Finally, KCG Holdings Inc. raised its stake in Stein Mart by 92.6% in the first quarter. KCG Holdings Inc. now owns 36,085 shares of the company’s stock valued at $109,000 after buying an additional 17,346 shares during the last quarter. 51.14% of the stock is owned by institutional investors.

Stein Mart Company Profile

Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.

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