Stein Mart (SMRT) Releases Quarterly Earnings Results

Stein Mart (NASDAQ:SMRT) posted its quarterly earnings data on Wednesday. The company reported $0.07 EPS for the quarter, Morningstar.com reports. Stein Mart had a negative return on equity of 13.11% and a negative net margin of 0.83%. The firm had revenue of $344.46 million during the quarter.

SMRT stock traded down $0.08 during trading on Thursday, reaching $1.13. The company’s stock had a trading volume of 500 shares, compared to its average volume of 158,088. Stein Mart has a 1 year low of $0.76 and a 1 year high of $4.04. The company has a current ratio of 1.74, a quick ratio of 0.24 and a debt-to-equity ratio of 4.65.

A hedge fund recently raised its stake in Stein Mart stock. Vanguard Group Inc boosted its holdings in Stein Mart, Inc. (NASDAQ:SMRT) by 1.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,279,928 shares of the company’s stock after buying an additional 18,158 shares during the period. Vanguard Group Inc owned 2.67% of Stein Mart worth $3,008,000 as of its most recent SEC filing. 10.30% of the stock is currently owned by hedge funds and other institutional investors.

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About Stein Mart

Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home décor merchandise, accessories, and shoes at everyday discount prices in the Unites States. 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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Earnings History for Stein Mart (NASDAQ:SMRT)

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