PriceSmart (NASDAQ:PSMT) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also issued reports on PSMT. Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Ifs Securities started coverage on PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 price target on the stock. Roth Capital reissued a “buy” rating and set a $100.00 price target on shares of PriceSmart in a report on Monday, October 2nd. Finally, TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. PriceSmart has an average rating of “Hold” and an average price target of $92.50.

PriceSmart (NASDAQ PSMT) opened at $83.90 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. PriceSmart has a twelve month low of $78.00 and a twelve month high of $94.00. The stock has a market capitalization of $2,604.07, a PE ratio of 28.74 and a beta of 1.31.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). PriceSmart had a return on equity of 11.19% and a net margin of 2.70%. The company had revenue of $733.50 million for the quarter, compared to analysts’ expectations of $733.64 million. During the same period in the prior year, the business earned $0.74 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. sell-side analysts forecast that PriceSmart will post 3.2 EPS for the current year.

In other PriceSmart news, CFO John Heffner sold 3,125 shares of PriceSmart stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $80.00, for a total value of $250,000.00. Following the sale, the chief financial officer now owns 27,121 shares of the company’s stock, valued at approximately $2,169,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Naylon sold 2,400 shares of PriceSmart stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total value of $192,120.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,997 shares of company stock worth $3,683,782. Corporate insiders own 28.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its holdings in PriceSmart by 18.5% in the 2nd quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after purchasing an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in PriceSmart by 16.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock valued at $128,000 after purchasing an additional 206 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in PriceSmart by 12.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock valued at $170,000 after purchasing an additional 210 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in PriceSmart by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after purchasing an additional 295 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in PriceSmart by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock valued at $213,000 after purchasing an additional 39 shares in the last quarter. 72.83% of the stock is currently owned by institutional investors.

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About PriceSmart

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.

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