Last $12.56 USD
Change Today +0.11 / 0.88%
Volume 61.6K
SMRT On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

stein mart inc (SMRT) Snapshot

Open
$12.48
Previous Close
$12.45
Day High
$12.63
Day Low
$12.46
52 Week High
11/20/13 - $16.17
52 Week Low
02/5/14 - $11.53
Market Cap
561.8M
Average Volume 10 Days
104.0K
EPS TTM
$0.55
Shares Outstanding
44.7M
EX-Date
07/1/14
P/E TM
23.0x
Dividend
$0.30
Dividend Yield
1.79%
Current Stock Chart for STEIN MART INC (SMRT)

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stein mart inc (SMRT) Details

Stein Mart, Inc. operates as an apparel retailer in the United States. The company offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. It primarily focuses on 35-55 year old woman. As of August 21, 2014, the company operated approximately 260 stores in 29 states; and an Internet store. Stein Mart, Inc. was founded in 1908 and is headquartered in Jacksonville, Florida.

5,300 Employees
Last Reported Date: 04/15/14
Founded in 1908

stein mart inc (SMRT) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $283.5K
President and Chief Merchandising Officer
Total Annual Compensation: $815.3K
President and Chief Operating Officer
Total Annual Compensation: $684.7K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $475.4K
Executive Vice President and Director of Stor...
Total Annual Compensation: $400.6K
Compensation as of Fiscal Year 2013.

stein mart inc (SMRT) Key Developments

Stein Mart Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended August 2, 2014; Updates Earnings Guidance for the Year of 2014

Stein Mart Inc. announced consolidated unaudited earnings results for the second quarter and six months ended August 2, 2014. For the quarter, the company reported net sales of $298,157,000 compared with $290,969,000 for the same period a year ago. Operating income was $2,793,000 compared with $5,843,000 for the same period a year ago. Income before income taxes was $2,724,000 compared with $5,776,000 for the same period a year ago. Net income was $1,737,000 or $0.04 per basic and diluted share compared with $3,414,000 or $0.08 per basic and diluted share for the same period a year ago. Adjusted operating income was $4,470,000 compared with $7,630,000 for the same period a year ago. Adjusted net income was $2,777,000 or $0.06 per diluted share compared with $4,522,000 or $0.10 per diluted share for the same period a year ago. For the six months, the company reported net sales of $627,011,000 compared with $612,333,000 for the same period a year ago. Operating income was $25,890,000 compared with $30,225,000 for the same period a year ago. Income before income taxes was $25,756,000 compared with $30,097,000 for the same period a year ago. Net income was $15,812,000 or $0.35 per basic and diluted share compared with $18,106,000 or $0.41 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $15,723,000 compared with $2,739,000 for the same period a year ago. Acquisition of property and equipment was $22,289,000 compared with $18,989,000 for the same period a year ago. Adjusted operating income was $28,539,000 compared with $31,928,000 for the same period a year ago. Adjusted net income was $17,454,000 or $0.38 per diluted share compared with $19,162,000 or $0.43 per diluted share for the same period a year ago. Adjusted EBITDA was $44,770,000 compared with $46,391,000 for the same period a year ago. The company updated earnings guidance for the full year of 2014. New stores will increase sales an estimated 1.5% above its comparable store increases for the full year and 2.5% in the second half. The company continues to expect full year gross profit rate to be slightly less than the 29.1% reported in 2013. The company continues to expect the full year effective tax rate to be approximately 39.0%.

Stein Mart Inc. Expects to Open Six New Stores in the Second Half of 2014; Expects to Relocate Four Stores in the Second Half of 2014; Expects to Close One Store in the Second Half of 2014

Stein Mart Inc. announced that it expects to open six new stores, relocate four and close one during the second half of 2014.

Stein Mart Inc. Reports Sales Results for the Month, Second Quarter and Year to Date Ended July 2014

Stein Mart Inc. reported sales results for the month, second quarter and year to date ended July 2014. For the month, the company reported total sales were $75.3 million compared to $74.6 million a year ago. For the quarter, the company reported total sales were $298.1 million compared to $290.9 million a year ago. For the year to date, the company reported total sales were $627.0 million compared to $612.3 million a year ago.

 

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Industry Analysis

SMRT

Industry Average

Valuation SMRT Industry Range
Price/Earnings 24.4x
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 24.1x
TEV/Sales 0.4x
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