Stein Mart Inc. (NASDAQ:SMRT) rose 4.8% during mid-day trading on Wednesday . The company traded as high as $7.71 and last traded at $7.71, with a volume of 72,002 shares. The stock had previously closed at $7.36.

SMRT has been the topic of a number of research reports. Zacks Investment Research lowered shares of Stein Mart from a “hold” rating to a “sell” rating in a report on Friday, April 22nd. Northland Securities lowered shares of Stein Mart from a “buy” rating to a “neutral” rating in a report on Monday, May 9th. Finally, Northcoast Research lowered shares of Stein Mart from a “buy” rating to a “neutral” rating in a report on Monday, May 9th.

The stock has a market cap of $357.47 million and a price-to-earnings ratio of 15.21. The firm’s 50 day moving average is $7.15 and its 200 day moving average is $7.04.

Stein Mart (NASDAQ:SMRT) last announced its earnings results on Thursday, May 19th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm earned $355.70 million during the quarter, compared to analysts’ expectations of $364.77 million. Stein Mart’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. On average, analysts expect that Stein Mart Inc. will post $0.57 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, June 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.89%.

In other news, COO D Hunt Hawkins sold 10,000 shares of the company’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $7.23, for a total value of $72,300.00. Following the completion of the transaction, the chief operating officer now directly owns 250,848 shares in the company, valued at $1,813,631.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

A number of hedge funds recently bought and sold shares of the stock. Royce & Associates LLC boosted its stake in Stein Mart by 20.0% in the fourth quarter. Royce & Associates LLC now owns 5,689,124 shares of the company’s stock valued at $38,288,000 after buying an additional 948,675 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its stake in Stein Mart by 28.8% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,624,900 shares of the company’s stock valued at $10,935,000 after buying an additional 363,700 shares in the last quarter. Penn Capital Management Co. Inc. boosted its stake in Stein Mart by 0.4% in the fourth quarter. Penn Capital Management Co. Inc. now owns 668,402 shares of the company’s stock valued at $4,498,000 after buying an additional 2,531 shares in the last quarter. LSV Asset Management boosted its stake in Stein Mart by 0.7% in the fourth quarter. LSV Asset Management now owns 494,500 shares of the company’s stock valued at $3,327,000 after buying an additional 3,200 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Stein Mart by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 192,408 shares of the company’s stock valued at $1,295,000 after buying an additional 7,132 shares in the last quarter.

Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. It is focused on 35-65 year old woman customers. As of January 31, 2015, it operated 270 stores in 30 states and an Internet store.

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