Michael A. Mortensen Sells 19,304 Shares of Smart (SFS) Stock
Smart (NYSE:SFS) SVP Michael A. Mortensen sold 19,304 shares of Smart stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $7.59, for a total value of $146,517.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Smart (SFS) traded up 1.95% during trading on Wednesday, hitting $7.85. The stock had a trading volume of 270,144 shares. Smart has a 1-year low of $6.60 and a 1-year high of $15.45. The firm’s 50-day moving average price is $7.31 and its 200-day moving average price is $9.93. The stock has a market cap of $581.06 million, a PE ratio of 65.42 and a beta of 0.36.
Smart (NYSE:SFS) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Smart had a net margin of 0.21% and a return on equity of 4.14%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. On average, equities research analysts predict that Smart will post $0.49 earnings per share for the current fiscal year.
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A number of analysts recently weighed in on the company. BidaskClub downgraded Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Citigroup Inc. reiterated a “neutral” rating and set a $8.50 target price (down from $10.00) on shares of Smart in a research report on Friday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $19.00 target price on shares of Smart in a research report on Friday, July 21st. Finally, TheStreet downgraded Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.47.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SFS. Wellington Management Group LLP boosted its stake in shares of Smart by 50.5% during the 1st quarter. Wellington Management Group LLP now owns 7,771,127 shares of the company’s stock worth $94,031,000 after acquiring an additional 2,608,286 shares in the last quarter. Boston Partners bought a new stake in shares of Smart during the 2nd quarter worth $4,876,000. Dimensional Fund Advisors LP boosted its stake in shares of Smart by 50.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,121,872 shares of the company’s stock worth $10,209,000 after acquiring an additional 377,326 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Smart by 10.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock worth $27,545,000 after acquiring an additional 282,997 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Smart by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock worth $29,384,000 after acquiring an additional 242,135 shares in the last quarter.
Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.
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