Shares of Stein Mart Inc. (NASDAQ:SMRT) were up 1% during trading on Wednesday . The stock traded as high as $8.36 and last traded at $8.28, with a volume of 67,743 shares trading hands. The stock had previously closed at $8.20.

Several analysts have recently commented on SMRT shares. Zacks Investment Research downgraded Stein Mart from a “hold” rating to a “sell” rating in a research note on Friday, April 22nd. Northcoast Research downgraded Stein Mart from a “buy” rating to a “neutral” rating in a research note on Monday, May 9th. Finally, Northland Securities downgraded Stein Mart from a “buy” rating to a “neutral” rating in a research note on Monday, May 9th.

The company has a market capitalization of $385.29 million and a price-to-earnings ratio of 16.39. The stock’s 50-day moving average price is $7.41 and its 200-day moving average price is $7.08.

Stein Mart (NASDAQ:SMRT) last posted its quarterly earnings results on Thursday, May 19th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $364.77 million. The business’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Stein Mart Inc. will post $0.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, June 28th. This represents a $0.30 annualized dividend and a yield of 3.61%.

In other Stein Mart news, COO D Hunt Hawkins sold 10,000 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $7.23, for a total transaction of $72,300.00. Following the completion of the sale, the chief operating officer now directly owns 250,848 shares in the company, valued at $1,813,631.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

A number of hedge funds have bought and sold shares of SMRT. Royce & Associates LLC raised 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 during the last quarter. Paradigm Capital Management Inc. NY raised 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 during the last quarter. GSA Capital Partners LLP raised its stake in Stein Mart by 67.3% in the fourth quarter. GSA Capital Partners LLP now owns 151,509 shares of the company’s stock valued at $1,020,000 after buying an additional 60,925 shares during the last quarter. Foresters Investment Management Company Inc. raised its stake in Stein Mart by 0.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 954,600 shares of the company’s stock valued at $6,424,000 after buying an additional 5,200 shares during the last quarter. Finally, LSV Asset Management raised 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 during 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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