Last $11.84 USD
Change Today -0.42 / -3.43%
Volume 195.7K
SMRT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

stein mart inc (SMRT) Snapshot

Open
$12.30
Previous Close
$12.26
Day High
$12.48
Day Low
$11.78
52 Week High
11/20/13 - $16.17
52 Week Low
02/5/14 - $11.53
Market Cap
532.0M
Average Volume 10 Days
75.6K
EPS TTM
$0.56
Shares Outstanding
44.9M
EX-Date
07/1/14
P/E TM
21.3x
Dividend
$0.30
Dividend Yield
1.90%
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 September 10, 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 Six New Store Openings in 2014; Relocates Four Existing Stores to New Locations

Stein Mart Inc. announced that the six new stores opening this fall as part of it's 2014 store expansion plan that includes nine new locations, strategically selected in key growth markets, and seven relocations. The six new stores opening this fall are located in Albuquerque, NM: Sierra Vista Shopping Center on October 23, 2014; Carlsbad, CA: La Costa Town Square on November 6, 2014; Citrus Heights, CA: Marketplace at Birdcage on October 2, 2014; Clovis CA: Clovis Crossing shopping center on September 26, 2014; Delray Beach, FL: Delray Place shopping center on December 4, 2014; and Gainesville, VA: Virginia Gateway shopping center on October 2, 2014. In addition to opening the six new stores, the company will relocate four existing stores to new locations this fall in Franklin, TN: Thoroughbred Village Shopping Center on October 23, 2014; Las Vegas, NV: Sahara Center on September 26, 2014; Mobile, AL: Pinebook Shopping Center on September 26, 2014; and Rocklin, CA: Rocklin Commons Shopping Center on October 2, 2014.

Stein Mart, Inc. Reports Sales Results for the Four Weeks and Thirty Weeks Ended August 30, 2014

Stein Mart Inc. reported sales results for the four weeks and thirty weeks ended August 30, 2014. For the four weeks, the company reported total sales of $86.5 million, a 3.8% increase over total sales of $83.3 million for the four-week period ended August 31, 2013. Comparable store sales increased 2.5% from comparable store sales for the four-week period ended August 31, 2013. For the thirty weeks, the company reported total sales of $713.5 million, increased 2.6% from total sales of $695.6 million for the thirty-week period ended August 31, 2013. Comparable store sales for the thirty-week period ended August 30, 2014 increased 2.0% from comparable store sales for the thirty-week period ended August 31, 2013.

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%.

 

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SMRT

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Valuation SMRT Industry Range
Price/Earnings 23.1x
Price/Sales 0.4x
Price/Book 1.9x
Price/Cash Flow 22.9x
TEV/Sales 0.4x
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