PriceSmart (NASDAQ:PSMT)‘s stock had its “sector perform” rating reiterated by Scotiabank in a report issued on Tuesday.
Several other brokerages also recently commented on PSMT. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Roth Capital reiterated a “buy” rating and set a $100.00 target price on shares of PriceSmart in a report on Monday, October 2nd. Scotia Howard Weill reiterated a “sector perform” rating on shares of PriceSmart in a report on Friday, January 5th. Howard Weil downgraded PriceSmart from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 5th. Finally, Ifs Securities began coverage on PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 target price on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. PriceSmart currently has a consensus rating of “Hold” and an average price target of $92.75.
PriceSmart (PSMT) traded up $0.05 during trading on Tuesday, hitting $82.35. The stock had a trading volume of 166,300 shares, compared to its average volume of 270,943. The stock has a market cap of $2,500.00, a P/E ratio of 28.40 and a beta of 1.31. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.11. PriceSmart has a 52 week low of $78.00 and a 52 week high of $94.00.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.08). The firm had revenue of $767.10 million during the quarter, compared to analysts’ expectations of $764.67 million. PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. analysts expect that PriceSmart will post 3.2 EPS for the current fiscal year.
In other PriceSmart news, CEO Jose Luis Laparte sold 12,772 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $82.58, for a total transaction of $1,054,711.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Hildebrandt sold 1,614 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total value of $134,720.58. Following the sale, the executive vice president now owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,997 shares of company stock worth $3,683,782. Company insiders own 28.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of PSMT. Citigroup Inc. grew its stake in PriceSmart by 18.5% during 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 grew its stake in PriceSmart by 16.4% during 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. grew its stake in PriceSmart by 12.1% during 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. grew its stake in PriceSmart by 17.7% during 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. grew its stake in PriceSmart by 1.6% during 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. Hedge funds and other institutional investors own 72.83% of the company’s stock.
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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.
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