Does Stein Mart, Inc. (SMRT) Have More Gas After Achieving 52-Week High?

May 17, 2018 - By Mona Holcomb

Stein Mart, Inc. (NASDAQ:SMRT) Logo

Investors sentiment increased to 1 in 2017 Q4. Its up 0.68, from 0.32 in 2017Q3. It improved, as 4 investors sold Stein Mart, Inc. shares while 18 reduced holdings. 9 funds opened positions while 13 raised stakes. 8.65 million shares or 5.63% less from 9.16 million shares in 2017Q3 were reported.
Deutsche Retail Bank Ag, a Germany-based fund reported 79 shares. Paradigm Capital Management Ny invested in 0.08% or 764,200 shares. Goldman Sachs Grp Inc holds 31,957 shares or 0% of its portfolio. Blackrock holds 672,464 shares or 0% of its portfolio. Bridgeway Capital Mgmt owns 60,800 shares or 0% of their US portfolio. Citadel Lc holds 0% of its portfolio in Stein Mart, Inc. (NASDAQ:SMRT) for 17,814 shares. Jpmorgan Chase & invested 0% in Stein Mart, Inc. (NASDAQ:SMRT). Fruth Inv holds 11,800 shares. Arrowstreet Capital Ltd Partnership owns 124,530 shares for 0% of their portfolio. The Illinois-based Lsv Asset has invested 0% in Stein Mart, Inc. (NASDAQ:SMRT). Cumberland Prtnrs Ltd holds 65,000 shares. 1.20 million were reported by Dimensional Fund Advsr L P. Gsa Capital Ptnrs Llp has invested 0.01% in Stein Mart, Inc. (NASDAQ:SMRT). Geode Management Ltd Liability Company owns 160,928 shares or 0% of their US portfolio. Stone Ridge Asset Lc reported 279,280 shares stake.

The stock of Stein Mart, Inc. (NASDAQ:SMRT) hit a new 52-week high and has $3.81 target or 8.00 % above today’s $3.53 share price. The 6 months bullish chart indicates low risk for the $168.89M company. The 1-year high was reported on May, 17 by Barchart.com. If the $3.81 price target is reached, the company will be worth $13.51 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 5.75% or $0.215 during the last trading session, reaching $3.525. About 1.30M shares traded. Stein Mart, Inc. (NASDAQ:SMRT) has declined 51.79% since May 17, 2017 and is downtrending. It has underperformed by 63.34% the S&P500.

Another recent and important Stein Mart, Inc. (NASDAQ:SMRT) news was published by Seekingalpha.com which published an article titled: “Macy’s steps in as mall hero” on May 16, 2018.

Stein Mart, Inc. operates as a retailer that provides fashion merchandise products and related services in the United States. The company has market cap of $168.89 million. It offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. It currently has negative earnings. The companyÂ’s stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.

Stein Mart, Inc. (NASDAQ:SMRT) Institutional Positions Chart

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