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SMRTQ Stein Mart

Stein Mart, Inc. engages in the retail of fashion merchandise. It offers fashion apparel, home decor, accessories and shoes through online and retail stores. The company was founded by Sam Stein in 1908 and is headquartered in Jacksonville, FL.

Company profile

Ticker
SMRTQ
Exchange
CEO
Jay Stein
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
640466198

SMRTQ stock data

(
)

Calendar

15 Sep 20
13 Apr 21
1 Feb 22
Quarter (USD)
May 20 Nov 19 Aug 19 May 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 20 Feb 19 Feb 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Stein Mart earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.21M 2.21M 2.21M 2.21M 2.21M 2.21M
Cash burn (monthly) 3.58M 972.58K 25.51M 6.99M 20.22M 5.88M
Cash used (since last report) 40.83M 11.09M 290.92M 79.74M 230.62M 67.03M
Cash remaining -38.62M -8.88M -288.71M -77.53M -228.41M -64.81M
Runway (months of cash) -10.8 -9.1 -11.3 -11.1 -11.3 -11.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Aug 20 Tansky Burton M Common Stock Sell Dispose S No No 0.029 24,347 706.06 24
20 Aug 20 Hawkins D Hunt Common Stock Sell Dispose S No No 0 15,000 0 0
18 Aug 20 Jay Stein Common Stock Sell Dispose S Yes No 0.1167 4,157,604 485.19K 0
17 Aug 20 Cole Thomas L Common Stock Sell Dispose S No No 0.22 0 0 0
17 Aug 20 James Ballister Brown Common Stock Sell Dispose S No No 0.22 33,333 7.33K 0
20 Mar 20 Tansky Burton M RSU Common Stock Option exercise Dispose M No No 0 1,778 0 1,778

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 4 -25.0%
Opened positions 1 0 NEW
Closed positions 2 37 -94.6%
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 1K EXIT
Total shares 1.44K 73.8K -98.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Captrust Financial Advisors 1.14K $0 NEW
AlphaMark Advisors 300 $0 0.0%
IFP Advisors 0 $0
Largest transactions
Shares Bought/sold Change
California Public Employees Retirement System 0 -48.5K EXIT
Hyman Charles D 0 -25K EXIT
Captrust Financial Advisors 1.14K +1.14K NEW
AlphaMark Advisors 300 0 0.0%
IFP Advisors 0 0

Financial report summary

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Risks
  • The COVID-19 pandemic is having a material adverse effect on our business and liquidity.
  • There is substantial doubt about our ability to continue as a going concern and a continuation of negative financial trends would likely result in our inability to continue as a going concern.
  • Our sales and operating results are affected by consumer sensitivity to economic conditions and world events.
  • We face intense competition in the retail industry.
  • Unanticipated changes in fashion trends and changing consumer preferences may adversely affect our sales.
  • We are dependent on our key vendors and factors for credit to acquire merchandise.
  • Our ability to sustain profitable growth is subject to our successfully implementing strategic plans.
  • Our advertising, marketing and promotional strategies may be ineffective.
  • We may be unable to raise additional capital, if needed, or to raise capital on favorable terms.
  • We may be unable to negotiate acceptable lease terms or concessions with current and potential landlords.
  • Underperforming stores can result in charges and expenses.
  • Because of our focus on keeping our inventory at the forefront of fashion trends, extreme and/or unseasonable weather conditions could force us to have higher inventory markdowns or result in lost revenue.
  • A lack of adequate sources of merchandise at acceptable prices may adversely affect our sales.
  • Increases in the price of merchandise could increase our costs, which could negatively affect our margins.
  • We are dependent on certain key personnel and our ability to attract and retain qualified employees and increases in the cost of employee compensation and benefits could affect our financial results and cash flows.
  • If we experience any business interruptions or disruptions in the distribution process, our profitability could be materially affected.
  • We are subject to risks associated with importing merchandise from other countries.
  • Failure of information technology could disrupt operations and harm our business.
  • We could be adversely affected by unfavorable results of legal proceedings.
  • We are subject to data security risks, which could have an adverse effect on our results of operations and consumer confidence in our security measures.
  • We rely on a single supplier of shoes sold by our shoe department and disruptions with that supplier could materially affect our reputation, operations and financial results.
  • Reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards could adversely affect our operating results and cash flows and our inability to meet financial covenants with our third-party provider could adversely affect our liquidity and cash flows.
  • We utilize the services of two third-party service providers to operate and maintain our Ecommerce website and to provide order management, customer service and fulfillment support. Disruptions with these providers or in the services they provide to us could adversely affect our reputation, operations and financial results.
  • Acts or threats of terrorism, health crisis, violence or unfavorable or uncertain political conditions could harm our business.
  • Failure to comply with legal and regulatory requirements may adversely affect our business and results of operations.
  • We have received a notice from Nasdaq advising us that we do not meet the continued listing standards of The Nasdaq Global Select Market. If we are unable to maintain a listing on a national securities exchange, it could negatively impact the price and liquidity of our common stock, which could impair the value of your investment.
  • We have identified a material weakness in our internal control over financial reporting that may, if not remediated, result in material misstatements in our financial statements.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
  • As used herein, the terms “we,” “our,” “us,” “Stein Mart” and the "Company" refer to Stein Mart, Inc. and its wholly-owned subsidiaries.
  • This Quarterly Report on Form 10-Q contains forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks, uncertainties or assumptions and may be affected by certain factors including, but not limited to, our ability to continue as a going concern, risks and uncertainties relating to the duration and severity of the coronavirus ("COVID-19") pandemic, actions that may be taken by governmental authorities to contain the COVID-19 pandemic or treat its impact, the negative impacts of the COVID-19 pandemic on the global economy and foreign sourcing, the impact of the COVID-19 pandemic on the Company’s financial condition, liquidity and business operations, including the Company's ability to negotiate extended payment terms with suppliers and landlords, obtain suitable merchandise in a timely manner, secure additional financing or negotiate a strategic transaction, the specific factors discussed in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended February 1, 2020, filed with the Securities and Exchange Commission (“SEC”) on June 15, 2020. Wherever used, the words “plan,” “expect,” “anticipate,” “believe,” “estimate,” "intend," "may," "could," "predict" and similar expressions identify forward-looking statements. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by such forward-looking statements.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
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