PriceSmart, Inc. (PSMT) Receives Buy Rating from Roth Capital
A number of other analysts have also issued reports on the stock. BidaskClub lowered shares of PriceSmart from a hold rating to a sell rating in a research note on Sunday, July 16th. TheStreet lowered shares of PriceSmart from a b rating to a c+ rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of PriceSmart from a hold rating to a strong sell rating in a research note on Wednesday, July 12th. Finally, Ifs Securities started coverage on shares of PriceSmart in a research note on Monday, September 25th. They set a market perform rating and a $85.00 price target on the stock. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $92.50.
PriceSmart (NASDAQ PSMT) opened at 91.10 on Monday. PriceSmart has a one year low of $78.00 and a one year high of $94.40. The firm’s 50-day moving average is $85.03 and its 200 day moving average is $86.39. The company has a market capitalization of $2.74 billion, a PE ratio of 29.78 and a beta of 1.26.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, July 5th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). The business had revenue of $730.30 million for the quarter, compared to analysts’ expectations of $734.80 million. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. On average, equities analysts expect that PriceSmart will post $3.07 EPS for the current fiscal year.
In other news, Director Sherry S. Bahrambeygui sold 3,561 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $84.88, for a total transaction of $302,257.68. Following the completion of the transaction, the director now directly owns 125,374 shares of the company’s stock, valued at $10,641,745.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 28.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Swiss National Bank grew its position in shares of PriceSmart by 1.6% during the first quarter. Swiss National Bank now owns 32,500 shares of the company’s stock worth $2,997,000 after buying an additional 500 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of PriceSmart by 45.3% during the first quarter. Point72 Asset Management L.P. now owns 114,327 shares of the company’s stock worth $10,541,000 after buying an additional 35,629 shares in the last quarter. Crawford Investment Counsel Inc. grew its position in shares of PriceSmart by 4.2% during the second quarter. Crawford Investment Counsel Inc. now owns 133,329 shares of the company’s stock worth $11,680,000 after buying an additional 5,320 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of PriceSmart by 10.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 129,088 shares of the company’s stock worth $11,902,000 after buying an additional 11,831 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of PriceSmart by 1.6% during the first quarter. Ameriprise Financial Inc. now owns 90,780 shares of the company’s stock worth $8,370,000 after buying an additional 1,405 shares in the last quarter. 71.98% of the stock is owned by institutional investors and hedge funds.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
Receive News & Stock Ratings for PriceSmart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart Inc. and related stocks with our FREE daily email newsletter.