Stein Mart (SMRT) Posts Quarterly Earnings Results
Stein Mart (NASDAQ:SMRT) announced its earnings results on Wednesday. The company reported $0.08 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $314.16 million during the quarter. Stein Mart had a negative net margin of 0.48% and a negative return on equity of 13.79%.
NASDAQ SMRT traded down $0.06 during trading hours on Thursday, reaching $0.97. 5,342 shares of the company traded hands, compared to its average volume of 912,846. Stein Mart has a 12 month low of $0.83 and a 12 month high of $3.75. The company has a current ratio of 1.75, a quick ratio of 0.22 and a debt-to-equity ratio of 3.26.
A hedge fund recently raised its stake in Stein Mart stock. Vanguard Group Inc lifted its holdings in Stein Mart, Inc. (NASDAQ:SMRT) by 1.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,279,928 shares of the company’s stock after buying an additional 18,158 shares during the quarter. Vanguard Group Inc owned approximately 2.67% of Stein Mart worth $3,008,000 as of its most recent filing with the SEC. 9.75% of the stock is owned by institutional investors and hedge funds.
About Stein Mart
Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home décor merchandise, accessories, and shoes at everyday discount prices in the Unites States. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.
Further Reading: Gross Domestic Product (GDP)
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