PriceSmart Inc. (PSMT) Given a $95.00 Price Target by Roth Capital Analysts
Separately, Zacks Investment Research raised shares of PriceSmart from a sell rating to a hold rating in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $69.33.
Shares of PriceSmart (NASDAQ:PSMT) opened at 85.47 on Tuesday. The stock has a market cap of $2.55 billion, a P/E ratio of 29.19 and a beta of 1.50. PriceSmart has a 12 month low of $68.51 and a 12 month high of $98.49. The stock has a 50 day moving average price of $82.97 and a 200 day moving average price of $84.59.
Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in shares of PriceSmart during the second quarter valued at approximately $60,005,000. Emerald Acquisition Ltd. acquired a new position in PriceSmart during the second quarter valued at about $16,624,000. Genesis Asset Managers LLP acquired a new position in PriceSmart during the third quarter valued at about $13,781,000. Renaissance Technologies LLC increased its position in PriceSmart by 105.5% in the first quarter. Renaissance Technologies LLC now owns 279,900 shares of the company’s stock valued at $23,674,000 after buying an additional 143,700 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in PriceSmart during the second quarter valued at about $6,220,000. Institutional investors and hedge funds own 72.69% of the company’s stock.
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
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