Stein Mart, Inc. (NASDAQ:SMRT) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Stein Mart, Inc. (NASDAQ:SMRT) to Sell in a statement released on 9/24/2016.
Yesterday Stein Mart, Inc. (NASDAQ:SMRT) traded -0.25% lower at $7.83. The company’s 50-day moving average is $8.17 and its two hundred day average is $7.56. With the last stock price close up 3.62% relative to the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same time period. 71,647 shares of Stein Mart, Inc. traded, down from an avg. volume of 130,053
See Chart Below
With a total market value of $0, Stein Mart, Inc. has P/E ratio of 16.38 with a 52 week low of $5.61 and a one year high of $10.28 .
A total of 3 equity analysts have released a ratings update on SMRT. 2 firms rating the stock a strong buy, 1 brokerage rating the stock a buy, one equity analyst rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $9.67.
General Information About Stein Mart, Inc. (NASDAQ:SMRT)
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. Its stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. It is concentrated in the Southeast and Texas where over 180 of its stores are located. The Company's stores offer a range of services, such as merchandise locator service, a Preferred Customer program, co-branded and private label credit card programs, and electronic gift cards. The Company's merchants purchase products from approximately 1,200 vendors. It leases all of its store locations, generally for approximately 10 years with options to extend the lease term for over two or five year periods.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.