Last $14.64 USD
Change Today +0.10 / 0.69%
Volume 67.3K
SMRT On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

stein mart inc (SMRT) Snapshot

Open
$14.52
Previous Close
$14.54
Day High
$14.75
Day Low
$14.49
52 Week High
01/14/14 - $15.04
52 Week Low
10/10/14 - $11.25
Market Cap
657.9M
Average Volume 10 Days
142.1K
EPS TTM
$0.58
Shares Outstanding
44.9M
EX-Date
12/30/14
P/E TM
25.2x
Dividend
$0.30
Dividend Yield
1.71%
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. It offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. The company primarily focuses on 35-55 year old woman. As of November 1, 2014, it operated 268 stores. The company also sells its products through 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. Declares Quarterly Dividend, Payable on January 16, 2015

Stein Mart Inc. announced that its Board of Directors declared a quarterly dividend of $0.075 per common share, payable on January 16, 2015 to shareholders of record as of the close of business on January 2, 2015.

Stein Mart Inc. Reports Total Sales for the Four-Week and Forty-Three Week Period Ended November 29, 2014

Stein Mart Inc. reported total sales for the four-week and forty-three week period ended November 29, 2014. Sales for the four week were $127.9 million, a 6.7% increase over total sales of $119.9 million for the four-week period ended November 30, 2013. Comparable store sales for the four-week period ended November 29, 2014 increased 4.8% from comparable store sales for the four-week period ended November 30, 2013. Total sales of $1.06 billion for the forty-three week period ended November 29, 2014 increased 3.5% from total sales of $1.02 billion for the forty-three week period ended November 30, 2013. Comparable store sales for the forty-three week period ended November 29, 2014 increased 2.6% from comparable store sales for the forty-three week period ended November 30, 2013.

Stein Mart, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for 2014; and Plans to Open At Least Ten New Stores in 2015

Stein Mart Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of USD 303,667,000 compared to USD 290,453,000 a year ago. Operating loss was USD 1,716,000 compared to USD 108,000 a year ago. Loss before income taxes was USD 1,782,000 compared to USD 177,000 a year ago. Net loss was USD 1,211,000 or USD 0.03 per basic and diluted share compared to net income of USD 28,000 or USD 0.00 per basic and diluted share a year ago. Non-GAAP income from operations was USD 29,474,000 compared to USD 31,261,000 a year ago. Non-GAAP net income attributable to the company’s shareholders was USD 28,003,000 or USD 0.23 per diluted share compared to USD 11,662,000 or USD 0.23 per basic and diluted share a year ago. The adjusted net income was USD 0.9 million or USD 0.02 per diluted share compared to adjusted net loss of USD 0.3 million or USD 0.01 loss per diluted share in 2013. For the nine months period, the company reported net sales of USD 930,678,000 compared to USD 902,786,000 a year ago. Operating income was USD 24,174,000 compared to USD 30,117,000 a year ago. Income before income taxes was USD 23,974,000 compared to USD 29,920,000 a year ago. Net profit was USD 14,601,000 or USD 0.32 per diluted share compared to USD 18,134,000 or USD 0.40 per diluted share a year ago. Non-GAAP income from operations was USD 40,041,000 compared to USD 70,188,000 a year ago. Non-GAAP net income attributable to the company’s shareholders was USD 35,207,000 or USD 0.29 per diluted share compared to USD 59,376,000 or USD 0.45 per basic and diluted share a year ago. Net cash provided by operating activities was USD 42,579,000 against USD 25,159,000, last year. Acquisition of property and equipment was USD 34,043,000 against USD 30,272,000, last year. EBITDA was USD 45,883,000 against USD 50,951,000, last year. Adjusted EBITDA was USD 55,821,000 against USD 54,323,000, last year. Adjusted net income was USD 18.3 million or USD 0.40 per diluted share compared to USD 18.8 million or USD 0.42 per diluted share in 2013 The company has provided earnings guidance for 2014. For the period, the company continues to anticipate that new stores will increase sales an estimated 2.5% above the comparable store increases for the second half. The capital expenditures for 2014 are expected to be approximately USD 41 million. The effective tax rate is still expected to be around 39%. The company plans to open at least ten new stores, relocate two stores and close two stores in 2015.

 

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Industry Analysis

SMRT

Industry Average

Valuation SMRT Industry Range
Price/Earnings 30.1x
Price/Sales 0.5x
Price/Book 2.4x
Price/Cash Flow 29.7x
TEV/Sales 0.5x
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