Zacks Investment Research downgraded shares of STEIN MART INC (SMRT) from N/A to NEUTRAL on June 12, 2013, with a target price of $13.60.
Stein Mart, Inc. operates retail store chain offering fashionable, current-season, primarily branded merchandise comparable in quality and presentation to that of traditional department and fine specialty stores at prices typically 25% to 60% below those regularly charged by such stores. The company is focused on assorting merchandise that features moderate to designer brand-name apparel for women, men and children, as well as accessories, gifts, linens, shoes and fragrances.
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