Stein Mart (NASDAQ:SMRT) was down 5.9% on Thursday . The company traded as low as $3.50 and last traded at $3.52. Approximately 1,334,700 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 1,258,141 shares. The stock had previously closed at $3.74.
Separately, ValuEngine upgraded shares of Stein Mart from a “hold” rating to a “buy” rating in a report on Monday, January 29th.
The company has a current ratio of 1.46, a quick ratio of 0.17 and a debt-to-equity ratio of 2.95.
Stein Mart (NASDAQ:SMRT) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $0.08 earnings per share for the quarter. Stein Mart had a negative net margin of 1.84% and a negative return on equity of 33.73%. The business had revenue of $384.87 million for the quarter. During the same quarter in the previous year, the business posted ($0.09) earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Stone Ridge Asset Management LLC acquired a new stake in shares of Stein Mart in the 4th quarter valued at $324,000. California Public Employees Retirement System raised its holdings in shares of Stein Mart by 46.8% in the 3rd quarter. California Public Employees Retirement System now owns 518,352 shares of the company’s stock valued at $674,000 after purchasing an additional 165,152 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its holdings in shares of Stein Mart by 60.2% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 764,200 shares of the company’s stock valued at $886,000 after purchasing an additional 287,276 shares in the last quarter. Institutional investors and hedge funds own 15.16% of the company’s stock.
About Stein Mart
Stein Mart, Inc operates as a retailer that provides fashion merchandise products and related services in the United States. It offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.
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