Stein Mart (NASDAQ:SMRT) issued its quarterly earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, Morningstar.com reports. The firm had revenue of $296.33 million for the quarter. Stein Mart had a negative net margin of 0.75% and a negative return on equity of 21.82%.
SMRT stock traded down $0.17 during mid-day trading on Thursday, reaching $0.77. The company had a trading volume of 3,320 shares, compared to its average volume of 74,854. The company has a debt-to-equity ratio of 10.68, a current ratio of 1.18 and a quick ratio of 0.19. The firm has a 50 day moving average of $0.81 and a 200 day moving average of $0.94. Stein Mart has a 12 month low of $0.65 and a 12 month high of $3.15.
A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Stein Mart in the 1st quarter worth about $29,000. Augustine Asset Management Inc. bought a new position in Stein Mart in the 2nd quarter worth about $62,000. D. E. Shaw & Co. Inc. bought a new position in Stein Mart in the 2nd quarter worth about $70,000. Finally, Vanguard Group Inc. grew its stake in Stein Mart by 44.4% in the 2nd quarter. Vanguard Group Inc. now owns 976,732 shares of the company’s stock worth $840,000 after acquiring an additional 300,507 shares in the last quarter. Institutional investors and hedge funds own 7.18% of the company’s stock.
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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