Stein Mart Inc. (NASDAQ:SMRT) traded down 1.8% during mid-day trading on Thursday . The stock traded as low as $8.15 and last traded at $8.16, with a volume of 58,912 shares changing hands. The stock had previously closed at $8.31.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Stein Mart from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Northland Securities lowered Stein Mart from a “buy” rating to a “neutral” rating in a report on Monday, May 9th. Finally, Northcoast Research lowered Stein Mart from a “buy” rating to a “neutral” rating in a report on Monday, May 9th.

The stock has a market capitalization of $384.37 million and a price-to-earnings ratio of 16.35. The stock’s 50 day moving average is $7.49 and its 200 day moving average is $7.10.

Stein Mart (NASDAQ:SMRT) last released its quarterly earnings data on Thursday, May 19th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company earned $355.70 million during the quarter, compared to the consensus estimate of $364.77 million. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. Equities research analysts anticipate that Stein Mart Inc. will post $0.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.62%.

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

Other large investors recently added to or reduced their stakes in the company. Foresters Investment Management Company Inc. increased 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 worth $6,424,000 after buying an additional 5,200 shares in the last quarter. Paradigm Capital Management Inc. NY increased 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 worth $10,935,000 after buying an additional 363,700 shares in the last quarter. Royce & Associates LLC increased 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 worth $38,288,000 after buying an additional 948,675 shares in the last quarter. GSA Capital Partners LLP increased 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 worth $1,020,000 after buying an additional 60,925 shares in the last quarter. Finally, LSV Asset Management increased 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 worth $3,327,000 after buying an additional 3,200 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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