Stein Mart Inc. (NASDAQ:SMRT) shares fell 2.7% during trading on Tuesday . The company traded as low as $8.05 and last traded at $8.05, with a volume of 51,267 shares traded. The stock had previously closed at $8.27.

A number of brokerages recently commented on SMRT. Zacks Investment Research cut Stein Mart from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet upgraded Stein Mart from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Northcoast Research cut Stein Mart from a “buy” rating to a “neutral” rating in a research report on Monday, May 9th. Finally, Northland Securities cut Stein Mart from a “buy” rating to a “neutral” rating in a research report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.50.

The firm has a market cap of $378.53 million and a PE ratio of 16.90. The stock’s 50-day moving average price is $8.48 and its 200-day moving average price is $7.49.

Stein Mart (NASDAQ:SMRT) last announced its earnings results on Friday, August 19th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. During the same period last year, the company posted $0.10 EPS. The business earned $319 million during the quarter. Stein Mart’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Stein Mart Inc. will post $0.57 EPS for the current year.

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 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 in the company, valued at approximately $1,813,631.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.

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