|Bid||0.9429 x 1200|
|Ask||0.9600 x 3000|
|Day's Range||0.9220 - 0.9601|
|52 Week Range||0.8300 - 3.7500|
|Beta (3Y Monthly)||-0.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Stein Mart Inc operates several hundred department stores in the United States. Warning! GuruFocus has detected 2 Warning Signs with SMRT. For the last quarter Stein Mart Inc reported a revenue of $344.5 million, compared with the revenue of $374.1 million during the same period a year ago.
It was a solid end to 2018 for Stein Mart (NASDAQ:SMRT) as the company's fourth quarter saw it turn a profit after tallying a loss in the year-ago period, lifting SMRT stock after hours.The Jacksonville, Fla. department and discount store chain reported net income of $4.4 million for the last three months of its fiscal year, or 9 cents per diluted share. In the year-ago period, the business brought in a net loss of $400,000, or a penny per diluted share.On an adjusted basis, Stein Mart's net income reached $3.4 million, or 7 cents per diluted share. a slight touch below its year-ago adjusted profit of $3.5 million, or 8 cents per diluted share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor the fiscal year, the company had a net loss of $6 million, or 13 cents per diluted share, which is 75.3% narrower than its 2017 net loss of $24.3 million, or 52 cents per diluted share. On an adjusted basis, its net loss for 2018 was $4.5 million, or 10 cents per share, a fraction of the year-ago adjusted net loss of $19.9 million, or 43 cents per share.Stein Mart's revenue for the quarter was $340.8 million, an 11.5% decline from the $384.9 million from the year-ago quarter. For the fiscal year, net sales were $1.26 billion, below the $1.32 billion it raked in during its fiscal 2017. Eight underperforming stores closed in its fiscal 2018.SMRT stock was surging roughly 3.4% during regular trading Wednesday. The strong earnings report saw Stein Mart's stock momentum continue after Wall Street closed, gaining 2.5% after hours. More From InvestorPlace * 15 Stocks Sitting on Huge Piles of Cash * 5 Airline Stocks In Serious Trouble * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio Compare Brokers The post Stein Mart Earnings: SMRT Stock Pops as Retail Chain Turns Profit appeared first on InvestorPlace.
The Jacksonville, Florida-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring gains, came to 7 cents per share. The apparel retailer posted revenue of $344.5 ...
All indications suggested Ross Stores (NASDAQ:ROST) was firing on all cylinders. Now, not so much. Though the company recently reported fourth-quarter earnings per share that were in-line with analysts' consensus estimate, a tepid 2019 profit outlook sent ROST stock lower on Wednesday.Source: Nicholas Eckhart via Flickr (Modified) The salt in the wound: Shares of Ross' peers and rivals, Kohl's (NYSE:KSS) and Target (NYSE:TGT), both markedly rose on Tuesday following solid quarterly prints and impressive guidance. * 5 Airline Stocks In Serious Trouble The lackluster outlook might -- might -- be an attempt by ROST to lowball expectations of a company that's in the habit of topping them. The Q4 results marked the first time in eleven quarters that Ross Stores' EPS didn't beat the consensus outlook. It was also only the second time in the past sixteen quarters that ROST's EPS didn't come in above the consensus outlook.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf the tepid guidance is not just an effort to lower expectations, then ROST stock just became a very difficult retail name to own. Earnings RecapIt was seemingly going to be another great year for ROST stock. The company logged same-store sales growth of 3.0% during Q3 as well as in the first nine months of 2018. SSS growth ramped up to 4% in Q4. Furthermore, its Q4 numbers were up against same-store sales growth of 5.0% in the final quarter of 2017.Same-store sales growth didn't translate into earnings growth, though. Adjusted for a favorable outcome on a tax matter, profits per share of ROST stock rolled in at $1.13, falling a penny short of some estimates while matching others. Operating margins fell 1.35 percentage points to 13.2%, though that dip is at least partially attributable to higher freight and wage costs.Overall revenue of $4.1 billion was slightly better than Q4-2017's top line.The owners of ROST stock understandably viewed the glass as half-empty, however, in light of the company's guidance. ROST is only looking for same-store sales growth of between 1% and 2% this year, and though it plans to open approximately 100 new stores, the 99 it added last year didn't meaningfully boost its overall sales last quarter.CEO Barbara Rentler explained, "While we hope to do better, we continue to take a prudent approach to forecasting our business for 2019. Although we remain favorably positioned as an off-price retailer, we face our own difficult sales and earnings comparisons, a very competitive retail landscape, and an uncertain macro-economic and political environment." Drilling Down on ROST StockThe current overall retail environment is uncertain.While the initial retail spending report from the Census Bureau indicated that spending slowed in December, sales of clothing and accessories reportedly grew 4.7% in the final month of last year, playing right into Ross Stores' hand.And a lukewarm economy that keeps consumers in a "willing but cautious" spending mood against a backdrop of continued department store closures is the proverbial sweet spot for Ross Stores.The off-price retailer struggled to exploit the opportunity, though. Rentler specifically noted "weakness in our ladies apparel business during the holiday season." During the conference call, Rentler clarified that the weakness was primarily the result of the wrong balance of assortment in certain women's apparel galleries. Inventory levels, however, are not backed up headed into the spring season.One surprising bright spot was men's clothing. The Outlook of ROST StockWhile the off-price retail segment has been one of the industry's few bright spots , it's been suggested by multiple observers that saturation is becoming an issue for the sector, and that the best days of off-price retail may be in the rear-view mirror. A slowdown of closures of full-price department stores also poses a threat to ROST and its peers, as it's these liquidations that supply much of Ross Stores' inventory.The company's 2019 outlook tacitly underscored that concern.Rentler isn't worried about that possibility, though. She explained during the conference call "I don't think it's an off-price tougher to execute model, I don't think that's the issue. I think the issues were internal, self-inflicted. It's the assortment that we've built out for the customer, I don't think it has anything to do with the off-price model."Upcoming earnings reports from ROST's rival, Stein Mart (NASDAQ:SMRT), will add perspective to that discussion. Stein Mart is slated to post its fourth-quarter numbers in mid-March.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Ross Stores' Guidance Raises Fundamental Questions appeared first on InvestorPlace.
It is a matter of introspection as to why these retailers did not deliver impressive numbers. Definitely, shifting shopping pattern from stores to online has been weighing on retailers.
The big shareholder groups in Stein Mart, Inc. (NASDAQ:SMRT) have power over the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a Read More...
For the first three quarters of the year, the company had a net loss of $10.4 million, compared to a loss of $23.9 million the previous year. While Stein Mart’s numbers have fluctuated wildly year-over-year, it’s mostly due to aggressive refresh practices that resulted in significant clearance selling of older product, reduction of bloated inventory, introduction of more modern brands and better inventory practices. Stein Mart also began to invest more heavily in ecommerce in 2018 and saw customer visits and online revenue soar more than 40 percent. At the third quarter report in late November, Stein Mart reported 288 stores, compared to 293 at this time last year. Stein Mart opened two stores and closed seven stores during the first nine months of 2018. Stein Mart CEO Hunt Hawkins, who recently received a pay increase, said he was encouraged by the progress the company has made on its "strategic initiatives" and forecast a gross profit rate increase for the fourth quarter.
On a per-share basis, the Jacksonville, Florida-based company said it had a loss of 36 cents. The apparel retailer posted revenue of $279.1 million in the period. In the final minutes of trading on Tuesday, ...
The rating on the Cl. H was downgraded due to Moody's expected plus realized losses. Moody's rating action reflects a base expected loss of 2.6% of the current pooled balance, compared to 36.0% at Moody's last review. Moody's base expected loss plus realized losses is now 5.8% of the original pooled balance.
Moody's Investors Service ("Moody's") has affirmed the ratings on seven classes in Wells Fargo Commercial Mortgage Trust 2017-C40 as follows: Cl. A-1, Affirmed Aaa (sf); previously on Oct 18, ...
On a per-share basis, the Jacksonville, Florida-based company said it had a loss of 2 cents. The apparel retailer posted revenue of $310.9 million in the period. In the final minutes of trading on Wednesday, ...
Moody's Investors Service, ("Moody's") has affirmed the ratings on 14 classes in Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5, Commercial Mortgage Pass-Through Certificates, Series ...
Positive seasonality for small caps and penny stocks has ended. Legacy Reserves LP ( LGCY) soared nearly 84% in the first two weeks of the month, posting a 3-year high, while solar manufacturer Enphase Energy, Inc. ( ENPH) broke out of a 2-month basing pattern and gained 40%. Enphase Energy, Inc. ( ENPH) posted an-all time high at $17.97 in September 2014 and broke down in May 2015, entering a brutal decline that ended at an all-time low at 65-cents in the second quarter of 2017.
Stein Mart, Inc. (NASDAQ:SMRT) reported strong quarterly earnings results that sent shares soaring late in the day, despite a decline in its operating income. Net income for its first quarter came in at $7.3 million, or 16 cents per diluted share, ahead of its net income from the year-ago quarter of $3.7 million, or 8 cents per diluted share. Stein Mart’s first-quarter results included less than $100,000 in income tax expenses.