|Bid||1.33 x 1500|
|Ask||1.34 x 1200|
|Day's Range||1.20 - 1.34|
|52 Week Range||1.00 - 9.23|
|PE Ratio (TTM)||-6.47|
|Earnings Date||Aug 17, 2017 - Aug 21, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||2.00|
Stein Mart shares continued tumbling throughout Thursday after the Wednesday evening release of dismal first quarter results. With trading volume almost 30 times the average day, the price fell as low as $1, a level it hasn't seen since early 2009. In after-hours trading Wednesday night, Stein Mart shares hit the lowest level they've seen since 2008, tumbling from $1.70 at the close to $1.30.
Q1 2017 Stein Mart Inc Earnings Call
Stein Mart Inc. is suspending quarterly dividends to reduce expenditures, the company said Wednesday. Stein Mart CEO Hunt Hawkins said suspending the 7 1/2-cent quarterly dividends was a difficult choice, but necessary, as it will free up about $14 million annually to apply against debt. "We continue to experience softer-than-planned store traffic and sales,” Hawkins said in a statement.