November 16, 2016 - By Hazel Jackson · 0 Comments
The stock of Stein Mart Incorporated (NASDAQ:SMRT) registered a decrease of 2.2% in short interest. SMRT’s total short interest was 787,400 shares in November as published by FINRA. Its down 2.2% from 805,100 shares, reported previously. With 79,500 shares average volume, it will take short sellers 10 days to cover their SMRT’s short positions. The short interest to Stein Mart Incorporated’s float is 2.53%. The stock closed at $6.64 during the last session. It is down 4.18% since April 14, 2016 and is downtrending. It has underperformed by 8.87% the S&P500.
Stein Mart, Inc. is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The company has a market cap of $304.10 million. The Firm offers apparel for women and men, as well as accessories, shoes and home fashions. It has a 13.91 P/E ratio. The Company’s target clients are women over 45 years old.
Insitutional Activity: The institutional sentiment decreased to 1.29 in Q2 2016. Its down 0.22, from 1.51 in 2016Q1. The ratio turned negative, as 8 funds sold all Stein Mart, Inc. shares owned while 34 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 27.57 million shares or 18.94% more from 23.18 million shares in 2016Q1.
Principal Fincl Gru accumulated 208,854 shares or 0% of the stock. Foundry Partners Ltd Llc holds 0.19% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT) for 425,675 shares. Teachers Advsrs Inc accumulated 74,651 shares or 0% of the stock. Jpmorgan Chase accumulated 0% or 1,024 shares. Rhumbline Advisers accumulated 0% or 38,554 shares. D E Shaw has invested 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT). Teacher Retirement System Of Texas, a Texas-based fund reported 4,140 shares. Moreover, Ancora Advisors Ltd Liability Com has 0.01% invested in Stein Mart, Inc. (NASDAQ:SMRT) for 10,000 shares. Wedge Management L Limited Partnership Nc last reported 3.96M shares in the company. Swiss Bancshares holds 49,000 shares or 0% of its portfolio. Vanguard Group Inc owns 1.34 million shares or 0% of their US portfolio. Schwab Charles Invest Management Inc holds 0% or 97,502 shares in its portfolio. Blackrock Fund Advisors reported 2.05 million shares or 0% of all its holdings. First Trust Advisors L P has 15,319 shares for 0% of their US portfolio. California State Teachers Retirement owns 65,304 shares or 0% of their US portfolio.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 2 sales for $86,731 net activity. HAWKINS D HUNT sold $72,280 worth of Stein Mart, Inc. (NASDAQ:SMRT) on Friday, June 10. Kleffner Gregory W sold $14,451 worth of Stein Mart, Inc. (NASDAQ:SMRT) on Wednesday, August 24.
Out of 4 analysts covering Stein Mart (NASDAQ:SMRT), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Stein Mart has been the topic of 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Wednesday, July 29, the company rating was initiated by Northcoast. The stock of Stein Mart, Inc. (NASDAQ:SMRT) has “Accumulate” rating given on Friday, November 20 by Johnson Rice. The rating was downgraded by Northland Capital on Monday, May 9 to “Neutral”. The stock has “Neutral” rating given by Sidoti on Thursday, September 29.
Stein Mart, Inc., incorporated on October 14, 1983, is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Firm offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target clients are women over 45 years old. The Firm operates approximately 280 stores in over 30 states and an Internet store. The Company’s stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. It is concentrated in the Southeast and Texas where over 180 of its stores are located.
More notable recent Stein Mart, Inc. (NASDAQ:SMRT) news were published by: Marketwatch.com which released: “Stein Mart CEO resigned; sales running below plan” on September 29, 2016, also Fool.com with their article: “Why Stein Mart Inc. Shares Dropped 13% in November” published on December 06, 2015, Globenewswire.com published: “Stein Mart, Inc. Reports Second Quarter Fiscal 2016 Results” on August 19, 2016. More interesting news about Stein Mart, Inc. (NASDAQ:SMRT) were released by: Globenewswire.com and their article: “Stein Mart Announces Eight New Stores Opening This Fall” published on August 03, 2016 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Stein Mart …” with publication date: April 25, 2016.
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By Hazel Jackson