Victory Capital Management Inc. raised its stake in Smart (NYSE:SFS) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,229,048 shares of the company’s stock after buying an additional 242,135 shares during the period. Victory Capital Management Inc. owned about 4.36% of Smart worth $29,384,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in Smart by 50.5% in the first quarter. Wellington Management Group LLP now owns 7,771,127 shares of the company’s stock valued at $94,031,000 after buying an additional 2,608,286 shares during the period. Vanguard Group Inc. raised its position in Smart by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,278,419 shares of the company’s stock valued at $27,569,000 after buying an additional 97,761 shares during the period. Dimensional Fund Advisors LP raised its position in Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock valued at $9,009,000 after buying an additional 301,959 shares during the period. United Services Automobile Association raised its position in Smart by 22.3% in the first quarter. United Services Automobile Association now owns 723,190 shares of the company’s stock valued at $8,751,000 after buying an additional 131,800 shares during the period. Finally, Hood River Capital Management LLC acquired a new position in Smart during the first quarter valued at about $7,762,000.
Smart (SFS) opened at 7.15 on Friday. The stock’s 50 day moving average is $7.74 and its 200 day moving average is $10.86. Smart has a 12-month low of $6.90 and a 12-month high of $15.45. The stock has a market capitalization of $529.24 million, a PE ratio of 59.58 and a beta of 0.33.
Smart (NYSE:SFS) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Smart had a return on equity of 4.14% and a net margin of 0.21%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $0.20 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Analysts forecast that Smart will post $0.49 EPS for the current year.
SFS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. TheStreet lowered shares of Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG restated a “buy” rating and issued a $12.00 price target (down previously from $14.00) on shares of Smart in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price objective on shares of Smart in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.83.
In other news, EVP Scott R. Drew sold 21,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $13.02, for a total transaction of $273,420.00. Following the completion of the sale, the executive vice president now owns 64,648 shares of the company’s stock, valued at $841,716.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $8.26, for a total transaction of $222,854.80. Following the completion of the transaction, the senior vice president now directly owns 48,191 shares of the company’s stock, valued at approximately $398,057.66. The disclosure for this sale can be found here. Insiders have sold 74,960 shares of company stock valued at $735,318 in the last three months. 8.47% of the stock is owned by insiders.
Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.
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