Stein Mart (SMRT) is one of the highest paying dividend stocks we cover; but we do not consider it one of the best dividend paying stocks we cover. We will explain why in the report below.
Stein Mart is a national retailer offering fashion merchandise for women and men. It was begun in the early 1900’s as a single store in Greenville Mississippi. It currently operates 264 stores in 29 states. Most of these stores are located in the southern and western regions of the U.S. Stein Marts fashions and accessories are made at prices competitive with off-price retail chains. Stein Mart’s current headquarters are in Jacksonville Florida.
Stein Mart is a very small company whose sales have barely budged in over seven years. In our opinion, its balance sheet is weak and may get weaker. To make matters worse, in recent years, the company changed auditors and was investigated by the SEC. These are not good signs.
On the positive side, it has been mostly profitable and cash flow (operating) positive over the last 7 – 8 years. And it is selling at a low price relative to most of the normal metrics used in the most popular price multiples.
Stein Mart has a spotty record at creating value and our assessment of its overall fundamentals is not high. We rate its overall stock fundamentals as only a “C” (C is average). And this may be generous. We are not high are SMRT. And we do not consider it one of our top dividend paying stocks.
Stat Sheet – Stein Mart Incorporated 4/8/16
|Market Cap||$ 292|
|Financial Strength||Below Average|
|Price Volatility||Above Average|
(Our assessment of this firm’s fundamentals will be in effect for the rest of calendar year 2016)
If you would like to see the stocks we do consider our top dividend paying stocks, click the link below.
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