PriceSmart’s (NASDAQ:PSMT) same-store sales rose 4.4% during the month of February. PriceSmart’s stock climbed by 0% in the first day of trading following the news.

PSMT has been the subject of several research analyst reports. Scotiabank reiterated a “sector perform” rating and set a $90.00 price target on shares of PriceSmart in a report on Thursday. Zacks Investment Research lowered PriceSmart from a “buy” rating to a “strong sell” rating in a report on Thursday, March 1st. BidaskClub lowered PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Scotia Howard Weill reiterated a “sector perform” rating on shares of PriceSmart in a report on Friday, January 5th. Finally, Howard Weil lowered PriceSmart from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $92.50.

How to Become a New Pot Stock Millionaire

PriceSmart (NASDAQ:PSMT) opened at $80.90 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.44 and a current ratio of 1.39. The firm has a market capitalization of $2,460.00, a PE ratio of 27.90 and a beta of 1.30. PriceSmart has a twelve month low of $77.50 and a twelve month high of $94.00.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, January 4th. The company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08). PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The business had revenue of $767.10 million for the quarter, compared to the consensus estimate of $764.67 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. equities analysts predict that PriceSmart will post 3.2 EPS for the current year.

The company also recently declared a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be paid a $0.35 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 14th. PriceSmart’s dividend payout ratio is 24.14%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSMT. Genesis Asset Managers LLP raised its stake in shares of PriceSmart by 25.2% in the 4th quarter. Genesis Asset Managers LLP now owns 1,135,665 shares of the company’s stock valued at $97,781,000 after purchasing an additional 228,715 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of PriceSmart by 9.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock valued at $134,887,000 after purchasing an additional 132,555 shares during the period. Brown Advisory Inc. raised its stake in shares of PriceSmart by 48.8% in the 3rd quarter. Brown Advisory Inc. now owns 302,536 shares of the company’s stock valued at $27,001,000 after purchasing an additional 99,167 shares during the period. Russell Investments Group Ltd. raised its stake in shares of PriceSmart by 105.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 79,557 shares of the company’s stock valued at $7,100,000 after purchasing an additional 40,877 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA raised its stake in shares of PriceSmart by 14.1% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 278,200 shares of the company’s stock valued at $23,953,000 after purchasing an additional 34,400 shares during the period. 77.01% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “PriceSmart, Inc. Stock Rises 0% Following Same-Store Sales Report (NASDAQ:PSMT)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2018/03/12/pricesmart-inc-stock-rises-0-following-same-store-sales-report-nasdaqpsmt.html.

PriceSmart Company Profile

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 & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.com's FREE daily email newsletter.