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Last $12.40 USD
Change Today +0.05 / 0.40%
Volume 199.5K
SMRT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

stein mart inc (SMRT) Snapshot

Open
$12.36
Previous Close
$12.35
Day High
$12.47
Day Low
$12.34
52 Week High
03/24/15 - $12.95
52 Week Low
10/10/14 - $7.83
Market Cap
557.3M
Average Volume 10 Days
227.4K
EPS TTM
$0.68
Shares Outstanding
44.9M
EX-Date
03/31/15
P/E TM
18.1x
Dividend
$0.30
Dividend Yield
42.54%
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.

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 Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 31, 2015; Provides Financial Guidance for 2015

Stein Mart Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended January 31, 2015. For the quarter the company reported net sales of $386,999,000 against $360,785,000 a year ago. Operating income was $20,535,000 against $10,716,000 a year ago. Income before income taxes was $20,469,000 against $10,648,000 a year ago. Net income was $12,305,000 or $0.27 per diluted share against $7,421,000 or $0.16 per diluted share a year ago. Adjusted operating income was $23,702,000 against $21,305,000 a year ago. Adjusted net income was $14,649,000 or $0.32 per diluted share against $13,986,000 or $0.31 per diluted share a year ago. 2014 fourth quarter results include $1.1 million in higher healthcare costs and $300,000 of higher preopening costs compared to 2013. These increases impacted results by $0.03 per diluted share. 2014 fourth quarter adjusted results include a 38% income tax rate compared to 2013, which was favorably impacted by a 30.3% rate. The impact of this rate differential was $0.02 per diluted share for the fourth quarter of 2013. The company reported 5.6% comparable store sales increase for the fourth quarter especially as it was on top of last year's 3.1% comp increase. Same-store sales increase was driven by increases in average unit retail prices, the number of transactions and average units per transaction. For the year, the company reported net sales of $1,317,677,000 against $1,263,571,000 a year ago. Operating income was $44,709,000 against $40,833,000 a year ago. Income before income taxes was $44,443,000 against $40,568,000 a year ago. Net income was $26,906,000 or $0.59 per diluted share against $25,555,000 or $0.57 per diluted share a year ago. Net cash provided by operating activities was $52,431,000 against $40,066,000 a year ago. Capital expenditures were $40,231,000 against $36,266,000 a year ago. Adjusted operating income was $53,872,000 against $52,578,000 a year ago. Adjusted net income was $32,967,000 or $0.72 per diluted share against $32,837,000 or $0.73 per diluted share a year ago. EBITDA was $73,825,000 against $68,585,000 a year ago. Adjusted EBITDA was $87,037,000 against $82,545,000 a year ago. Fiscal 2014 results include $4.3 million in higher healthcare costs and $1.8 million higher preopening costs compared to 2013. These increases were $0.08 per diluted share. Comparable store sales for the year increased 3.3% on top of last year's 3.7% comp increase. These same-store sales increase was driven by increases in average unit prices and units per transaction, offset by a slight decrease in the number of transactions. The company provided financial guidance for 2015. For 2015, the company expects to open eleven new stores, close two stores and relocate one store. The company anticipates that new stores opened in 2014 and 2015 will increase sales an estimated 3.0% above comparable store increases for the year, with the increase being somewhat higher in the second half of the year. The gross profit rate is expected to be consistent with the 2014 rate of 29.3%. Debt will fluctuate mostly between approximately $150 and $200 million in 2015 based on seasonal working capital needs and interest expense is estimated to be approximately $3.5 million in 2015. The effective tax rate for the year is estimated to be approximately 39.0%. Capital expenditures for 2015 are expected to be approximately $46 million.

Stein Mart Inc. Declares Quarterly Dividend, Payable on April 17, 2015

Stein Mart's Board of Directors declared a regular quarterly dividend of $0.075 per common share, payable on April 17, 2015 to shareholders of record as of the close of business on April 2, 2015.

Stein Mart, Inc. Announces Sales Results for the Month Ended February 28, 2015

Stein Mart Inc. announced sales results for the month ended February 28, 2015. For the period, the company reported total sales of $88.6 million, a 4.9% increase over total sales of $84.5 million for the four-week period ended March 1, 2014. Comparable store sales increased 2.6% from February 2014. Sales were strong through the first half of the month, but were severely impacted by record cold and inclement weather across most of the country in the second half.

 

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Industry Analysis

SMRT

Industry Average

Valuation SMRT Industry Range
Price/Earnings 20.6x
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 20.7x
TEV/Sales 0.4x
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