Stein Mart, Inc. (NASDAQ:SMRT) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 15, 2016
Just yesterday Stein Mart, Inc. (NASDAQ:SMRT) traded 0.26% higher at $7.59. Stein Mart, Inc.’s 50-day average is $8.30 and its 200-day average is $7.55. With the last close up 0.79% relative to the two hundred day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trading volume was was down over the average, with 72,469 shares of SMRT changing hands under the typical 130,939 shares..
Zacks Investment Research has upgraded Stein Mart, Inc.(NASDAQ:SMRT) to Hold in a report released Friday September 16 2016.
In addition to Zacks Investment Research reporting it’s stock price target, a total of 3 brokers have reported on Stein Mart, Inc.. The 12-month target is $9.67 with two analysts rating the company a strong buy, one analyst rating the stock a buy, one firm rating the stock a hold, 0 rating the company to underperform, and finally 0 brokerages rating the company as sell.
Stein Mart, Inc. has a one-year low of $5.61 and a one-year high of $10.44 with a price-earnings ratio of 16. The company’s total market value is presently $0.0.
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, and generally for approximately 10 years with options to extend the lease term for over two or five year periods.
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