Stein Mart Inc. (NASDAQ:SMRT) shares saw an uptick in trading volume on Monday . 99,133 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 87,334 shares.The stock last traded at $9.18 and had previously closed at $8.79.

A number of research firms recently commented on SMRT. Zacks Investment Research raised shares of Stein Mart from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. Northland Securities lowered shares of Stein Mart from a “buy” rating to a “neutral” rating in a research note on Monday, May 9th. Finally, Northcoast Research lowered shares of 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 $423.78 million and a P/E ratio of 18.03. The stock’s 50 day moving average price is $8.21 and its 200 day moving average price is $7.35.

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

In other news, COO D Hunt Hawkins sold 10,000 shares of the company’s stock in a transaction that occurred 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 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 can be accessed through this link.

A hedge fund recently raised its stake in Stein Mart stock. GSA Capital Partners LLP increased its stake in shares of Stein Mart Inc. (NASDAQ:SMRT) by 67.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 151,509 shares of the company’s stock after buying an additional 60,925 shares during the period. GSA Capital Partners LLP owned approximately 0.33% of Stein Mart worth $1,020,000 as of its most recent SEC filing.

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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