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

Several equities analysts recently commented on SMRT shares. Zacks Investment Research upgraded shares of Stein Mart from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. Northland Securities downgraded shares of Stein Mart from a “buy” rating to a “neutral” rating in a research note on Monday, May 9th. Northcoast Research downgraded shares of Stein Mart from a “buy” rating to a “neutral” rating in a research note on Monday, May 9th. Finally, TheStreet upgraded shares of Stein Mart from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Stein Mart has an average rating of “Hold” and a consensus price target of $7.50.

The stock has a market cap of $374.32 million and a PE ratio of 16.72. The stock has a 50 day moving average price of $8.48 and a 200 day moving average price of $7.49.

Stein Mart (NASDAQ:SMRT) last posted its quarterly earnings data on Friday, August 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.01. During the same quarter in the prior year, the business posted $0.10 EPS. The business had revenue of $319 million for the quarter. The firm’s revenue was up 2.6% compared to the same quarter last year. Analysts predict that Stein Mart Inc. will post $0.57 EPS for the current fiscal year.

In other news, COO D Hunt Hawkins sold 10,000 shares of Stein Mart stock in a transaction on Friday, June 10th. The stock was sold at an average price of $7.23, for a total transaction of $72,300.00. Following the sale, the chief operating officer now directly owns 250,848 shares in the company, valued at approximately $1,813,631.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.