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Stein Mart, Inc. (SMRT) Reaches $3.69 52-Week High; Veritiv (VRTV)’s Sentiment Is 1.02

Stein Mart, Inc. (NASDAQ:SMRT) Logo

The stock of Stein Mart, Inc. (NASDAQ:SMRT) hit a new 52-week high and has $3.99 target or 8.00% above today’s $3.69 share price. The 6 months bullish chart indicates low risk for the $176.80 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $3.99 price target is reached, the company will be worth $14.14 million more. The stock decreased 1.34% or $0.05 during the last trading session, reaching $3.69. About 397,649 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.

Veritiv Corp (VRTV) investors sentiment decreased to 1.02 in 2017 Q4. It’s down -0.15, from 1.17 in 2017Q3. The ratio is negative, as 58 institutional investors increased and opened new stock positions, while 57 decreased and sold their positions in Veritiv Corp. The institutional investors in our database now hold: 14.38 million shares, up from 13.79 million shares in 2017Q3. Also, the number of institutional investors holding Veritiv Corp in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 18 Reduced: 39 Increased: 36 New Position: 22.

Among 4 analysts covering Stein Mart (NASDAQ:SMRT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Stein Mart had 4 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, May 9 by Northland Capital. The stock of Stein Mart, Inc. (NASDAQ:SMRT) has “Neutral” rating given on Thursday, September 29 by Sidoti. The firm earned “Accumulate” rating on Friday, November 20 by Johnson Rice. As per Wednesday, July 29, the company rating was initiated by Northcoast.

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 $176.80 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.

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.

Investors sentiment increased to 1 in 2017 Q4. Its up 0.68, from 0.32 in 2017Q3. It is positive, 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. Northwestern Mutual Wealth Mngmt reported 400 shares. Citadel Advisors Limited Liability Corp owns 17,814 shares or 0% of their US portfolio. Stratos Wealth Limited holds 0% or 750 shares. Invesco owns 422,046 shares or 0% of their US portfolio. Blackrock accumulated 672,464 shares. Jpmorgan Chase & has 32,241 shares. Massachusetts-based State Street Corp has invested 0% in Stein Mart, Inc. (NASDAQ:SMRT). Geode Capital Mngmt holds 160,928 shares or 0% of its portfolio. 121,501 are owned by National Bank Of America De. Morgan Stanley holds 0% or 17,848 shares in its portfolio. Citigroup reported 0% stake. Vanguard Grp Inc stated it has 0% in Stein Mart, Inc. (NASDAQ:SMRT). Sunbelt Secs, a Texas-based fund reported 433,198 shares. Paradigm Cap Mngmt Inc Ny owns 764,200 shares or 0.08% of their US portfolio. Cwm Limited Co owns 400 shares.

The stock increased 1.58% or $0.5 during the last trading session, reaching $32.05. About 3,103 shares traded. Veritiv Corporation (VRTV) has declined 24.27% since May 17, 2017 and is downtrending. It has underperformed by 35.82% the S&P500.

Bain Capital Investors Llc holds 2.75% of its portfolio in Veritiv Corporation for 4.28 million shares. Baupost Group Llc Ma owns 3.64 million shares or 1.04% of their US portfolio. Moreover, Weber Alan W has 0.24% invested in the company for 19,000 shares. The New York-based Donald Smith & Co. Inc. has invested 0.18% in the stock. Menta Capital Llc, a California-based fund reported 21,603 shares.

Analysts await Veritiv Corporation (NYSE:VRTV) to report earnings on August, 1. They expect $0.86 EPS, down 2.27% or $0.02 from last year’s $0.88 per share. VRTV’s profit will be $13.62M for 9.32 P/E if the $0.86 EPS becomes a reality. After $0.28 actual EPS reported by Veritiv Corporation for the previous quarter, Wall Street now forecasts 207.14% EPS growth.

Veritiv Corporation operates as a business-to-business distributor of print, publishing, packaging, and facility solutions in the United States, Mexico, and Canada. The company has market cap of $507.65 million. It operates through four divisions: Print, Publishing & Print Management , Packaging, and Facility Solutions. It currently has negative earnings. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format, and specialty paper products; and graphics consumables and equipment.

More news for Veritiv Corporation (NYSE:VRTV) were recently published by: Seekingalpha.com, which released: “Veritiv’s (VRTV) CEO Mary Laschinger on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018. Streetinsider.com‘s article titled: “Veritiv (VRTV) Reports Q1 Loss of $1.00, Beats on Revenues” and published on May 08, 2018 is yet another important article.

Veritiv Corporation (NYSE:VRTV) Institutional Positions Chart

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