|Bid||0.8600 x 1400|
|Ask||0.9200 x 1400|
|Day's Range||0.8500 - 0.9058|
|52 Week Range||0.6500 - 3.2800|
|Beta (3Y Monthly)||-0.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 20, 2019 - Aug 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
REDWOOD SHORES, Calif. and JACKSONVILLE, Fla., June 24, 2019 -- Stein Mart, a national specialty off-price retailer, has gained a holistic view of its inventory and a more.
D. Hawkins became the CEO of Stein Mart, Inc. (NASDAQ:SMRT) in 2016. This report will, first, examine the CEO...
JACKSONVILLE, Fla., June 10, 2019 -- Stein Mart, Inc. (NASDAQ: SMRT) announced today that it will be presenting at Oracle Retail Cross Talk 2019 on Tuesday, June 11, 2019..
Stein Mart’s stock got a 45 percent bump Tuesday from the news that the department store chain will install Amazon lockers at nearly 200 of its locations in 28 states in an effort to attract more foot traffic. The news came just before the company released fiscal first-quarter 2019 results today showing net sales were down more than $12 million from the same period a year ago. Amazon (NASDAQ: AMZN) shoppers can choose to have their packages delivered to the lockers, which are currently available at Whole Foods markets, convenience stores and other locations in more 70 major metropolitan areas across the country then go pick them up.
The Jacksonville, Florida-based company said it had net income of 8 cents per share. The apparel retailer posted revenue of $314.2 million in the period. The company's shares closed at $1.13. A year ago, ...
Net income of $4.0 million, or $0.08 per share in the first quarter of 2019 compared to $7.3 million, or $0.16 per share in 2018Outstanding debt $55.6 million lower compared to.
Another brick-and-mortar retailer is turning to Amazon to help save its struggling business. Today, discount chain operator Stein Mart announced it will install Amazon Hub lockers in nearly 200 stores as soon as next month. The lockers are self-serve kiosks that allow Amazon shoppers to take advantage of in-store pickup and returns.
Stein Mart Inc. stock soared 45% in Tuesday trading after the off-price retailer announced that it will install Amazon.com Inc.'s Hub Lockers in nearly 200 stores in 28 states. Amazon Lockers are found in various locations nationwide, including Whole Foods Market. Amazon has also partnered with Kohl's Corp. for the Amazon Returns program, which is rolling out this summer. Stein Mart stock is up 28% for the year to date while the S&P 500 index is up 14.2% for the period.
Stein Mart (SMRT) today announced that it is installing Amazon Hub Lockers in nearly 200 of its stores across 28 states. “We are thrilled to offer this innovative delivery experience to Amazon customers while introducing new shoppers to Stein Mart,” said Hunt Hawkins, Stein Mart’s chief executive officer.
JACKSONVILLE, Fla., May 08, 2019 -- Stein Mart, Inc. (NASDAQ: SMRT) plans to release its first quarter financial results on Wednesday, May 22, at 8:00 a.m. ET. Management will.
Stein Mart, Inc. (SMRT) announced today that they are gifting over 1,000 dresses to this year’s Military Spouse Night Out being held at the VyStar Veteran’s Memorial Arena on Thursday, April 25 from 5:00 to 8:00 p.m. More than 1,200 military spouses are expected to attend this free event which is hosted by the City of Jacksonville Military Affairs and Veterans Department to honor military spouses and our servicemen and servicewomen. “It is our privilege to provide this gift to our deserving military spouses who keep their families together while loved ones are defending our country. The highlight of the evening is an invitation in to Stein Mart’s locker-room turned dressing-room, where the wives can select, try on and take home a brand-new dress.
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 ...
FY2018 gross profit increased 180 basis pointsFY2018 SG&A expenses decreased $28.1 millionOperating income improved $36.1 million to $4.9 million in 2018 JACKSONVILLE,.
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.
JACKSONVILLE, Fla., Feb. 20, 2019 -- Stein Mart, Inc. (NASDAQ: SMRT) plans to release its fourth quarter and fiscal 2018 financial results after the U.S. financial markets.
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.
JACKSONVILLE, Fla., Jan. 11, 2019 -- Stein Mart, Inc. (NASDAQ: SMRT) today reported that its comparable stores sales for the nine-week period ended January 5, 2019 decreased.
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...
JACKSONVILLE, Fla., Jan. 03, 2019 -- Stein Mart, Inc. (NASDAQ: SMRT) announced today that its chief executive officer, Hunt Hawkins and president, MaryAnne Morin, will be.