Stein Mart: SEC Overhang Makes This Strong Comps Retailer A Buy
Sell The News On Stein Mart
Sell The News On Stein Mart
Tue, Jun. 21, 1:23 PM
Thu, May 19, 7:31 AM
Wed, May 18, 5:30 PM
Tue, May 10, 2:58 PM
- Gap's (GPS -12%) weak report on April sales, which followed shortly after an eye-opening read from L Brands (LB -1.2%), has investors skittish on the apparel store stocks.
- Sector decliners today include Francesca's (FRAN -3.4%), Stein Mart (SMRT -3.5%), Ascena Retail (ASNA -3%), Express (EXPR -2.2%), Buckle, Cato (CATO -2.1%), Abercrombie & Fitch (ANF -2%), Amercan Eagle Outfitters (AEO -2%), Tailored Brands (TLRD -1.3%), and Urban Outfitters (URBN -1.5%)
- Analysts are warning that the lack of overall sales volume and the closing of Aeropostale stores could continue to add to the promotional atmosphere.
- In another sign of the problem that apparel stores are having in driving sales with millennials, the new Global X Millennials Thematic ETF (NASDAQ:MILN) has a top holding of Amazon and very little representation of apparel chain stock stocks (LULU and LB make the list).
Sat, Apr. 30, 11:08 AM
- Retail stocks slumped yesterday after a weak read on consumer spending. Notable companies with drops of over 2% included Target (NYSE:TGT), Costco (NASDAQ:COST), Urban Outfitters (NASDAQ:URBN), and Macy's (NYSE:M). Wal-Mart (NYSE:WMT) was down 3% to cut into what's been a sizable gain this year.
- The damage was inflicted after the personal consumption expenditures price index (ex-food/energy) gained only 0.1% in March to decelerate from February's level.
- SA contributor George Putnam hears all the noise about soft store traffic, but still makes the case that companies with good brands, relatively strong balance sheets, and decent dividends are attractive investments.
- A value screen of retail stocks indicates that many chain store names may be oversold due to the intense focus by investors on limp comparable-store sales growth (Y/Y) and F/X pressure - two trends seen by some analysts as reversing this year.
- Tailored Brands (NYSE:TLRD), Gap (NYSE:GPS), Buckle (NYSE:BKE), Steinmart (NASDAQ:SMRT), American Eagle Outfitters (NYSE:AEO), Macy's (M), GameStop (NYSE:GME), and Best Buy (NYSE:BBY) all made the cut of having a forward P/E of less than 12, a dividend yield of over 2%, and a balance sheet ratio above the sector average.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR
Tue, Mar. 15, 7:49 AM
Fri, Mar. 11, 10:54 AM
- The solid week for specialty retail continues after a majority of earnings report come in ahead of expectations.
- Ulta Salon (ULTA +16%) and Party City (PRTY +7.1%) were the headliners, but a host of companies realized stronger pricing than anticipated during the quarter to help offset weak traffic trends.
- Retail sector movers include FTD Companies (FTD +6.1%), Pier 1 Imports (PIR +2.3%), Sally Beauty Holdings (SBH +2.4%), Five Below (FIVE +2%), Stein Mart (SMRT +5.7%), Buckle (BKE +2.5%), Urban Outfitters (URBN +2.2%), and Tilly's (TLYS +2.9%) .
Thu, Mar. 10, 7:52 AM
- Stein Mart (NASDAQ:SMRT) reports comparable-store sales declined 1.1% in Q4.
- E-commerce contributed 70 bps of growth to the comp.
- Gross margin rate fell 260 bps to 26.8% due to higher markdowns from lower than planned sales and an elevated promotional environment during the holiday selling season.
- SG&A expense rate rose 10 bps to 24.1%.
- Inventory grew 2.8% to $293.61M.
- Store count +8 Y/Y to 278.
- FY2016 Guidance: Gross margin rate: +50 bps Y/Y; SG&A expense: ~$370M; Interest expense: flat Y/Y; Tax rate: 38.5%; Capex: ~$43M.
Thu, Mar. 10, 7:32 AM
Wed, Mar. 9, 5:30 PM
Tue, Mar. 1, 7:50 AM
Tue, Feb. 23, 8:01 AM
Thu, Feb. 4, 10:01 AM
- Stein Mart (NASDAQ:SMRT): Q4 Revenue of $394.2M (+1.9% Y/Y) misses by $5.08M.
Thu, Feb. 4, 8:16 AM
- Stein Mart (NASDAQ:SMRT) reports comparable-store sales fell 2.2% in January.
- Total sales were down 0.1% to $69.5M.
- Q4 comparable-store sales fell back 1.1%. Q4 total sales were up 1.9% to $394.2M.
- Stein Mart said the East Coast blizzard took a toll on late January sales.
Thu, Jan. 7, 10:14 AM
- A large number of retail stocks are defying the global market sell-off to put in strong gains.
- The unexpected strength follows a few store chains reporting solid holiday sales growth, headlined by L Brands with a stellar 8% comp. The underlying story behind the good read may be that $2 gas prices are helping to feed consumer spending at U.S. store chains.
- Gasbuddy.com forecasts gas prices will stay low in the U.S. for all of 2016.
- Notable gainers include Wal-Mart (WMT +2%), Target (TGT +1%), Gap (GPS +2.3%), Fred's (FRED +1.2%), Express (EXPR +1.1%), American Eagle Outfitters (AEO +1.6%), Tilly's (TLYS +2.3%), Urban Outfitters (URBN +4%), TJX Companies (TJX +0.6%), Ross Stores (ROST +1.6%), Kohl's (KSS +2%), Stein Mart (SMRT +4.4%), Citi Trends (CTRN +1.7%), Buckle (BKE +4.8%).
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, FXD, FDIS, RHS, FSTA, RCD, PMR, BITE
Thu, Jan. 7, 7:39 AM
- Stein Mart (NASDAQ:SMRT) reports same-store sales rose 1.8% in December.
- Total sales increased 4.7% to $189.5M during the month.
- Total sales for the 48 weeks ending on January 2 were up 3.4% to $1.25B, with same-store sales up 1.2%.
- The company say sales trends were relatively consistent across geographic regions.
Stein Mart, Inc. engages in national retailer that offers fashion merchandise and presentation of department or specialty store. It provides fashion apparel for women and men, as well as accessories, shoes, and home fashions. The company was founded in 1908 and is headquartered in Jacksonville, JL.
Industry: Apparel Stores
Country: United States
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