Shares of Stein Mart Inc. (NASDAQ:SMRT) saw strong trading volume on Monday . 99,133 shares were traded 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 analysts have commented on SMRT shares. TheStreet upgraded shares of Stein Mart from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research cut shares of Stein Mart from a “hold” rating to a “sell” rating in a research report on Tuesday, May 17th. Northcoast Research cut shares of Stein Mart from a “buy” rating to a “neutral” rating in a research report on Monday, May 9th. Finally, Northland Securities cut shares of Stein Mart from a “buy” rating to a “neutral” rating in a research report on Monday, May 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Stein Mart currently has an average rating of “Hold” and an average price target of $7.50.

The firm’s 50 day moving average price is $8.26 and its 200-day moving average price is $7.36. The company has a market capitalization of $411.26 million and a PE ratio of 17.50.

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

In related news, COO D Hunt Hawkins sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $7.23, for a total value of $72,300.00. Following the transaction, the chief operating officer now directly owns 250,848 shares of the company’s stock, valued at approximately $1,813,631.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Stein Mart stock. Foresters Investment Management Company Inc. raised its position in Stein Mart Inc. (NASDAQ:SMRT) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 954,600 shares of the company’s stock after buying an additional 5,200 shares during the period. Foresters Investment Management Company Inc. owned about 2.09% of Stein Mart worth $6,424,000 as of its most recent filing with the SEC.

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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