Stein Mart(NASDAQ:SMRT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 19, 2016. Company reported revenue of $319.76M. Analysts estimated a revenue of $324.64M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.07.
Stein Mart (SMRT) made into the market gainers list on Mondays trading session with the shares advancing 1.47% or 0.12 points. Due to strong positive momentum, the stock ended at $8.27, which is also near the day’s high of $8.2899. The stock began the session at $8.12 and the volume stood at 69,420 shares. The 52-week high of the shares is $10.98 and the 52 week low is $5.61. The company has a current market capitalization of $383 M and it has 4,63,65,471 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, D Hunt Hawkins (President and COO) sold 10,000 shares at $7.23 per share price.Also, On Jan 19, 2016, Jay Stein (CEO) purchased 63,000 shares at $6.39 per share price.On Nov 30, 2015, Mitchell W Legler (director) purchased 10,000 shares at $7.19 per share price, according to the Form-4 filing with the securities and exchange commission.
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. It is focused on 35-65 year old woman customers. As of January 31 2015 it operated 270 stores in 30 states and an Internet store. It stores are located in the Northeast Midwest Southeast Texas and the Southwest. It is concentrated in the Southeast and Texas where 184 of its stores are located. The company’s typical store is approximately 32000 gross square feet with a racetrack design centralized check-out and individual dressing rooms. Its 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.