PriceSmart, Inc. (NASDAQ:PSMT) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $97.50.
A number of brokerages recently weighed in on PSMT. Howard Weil downgraded PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 5th. Ifs Securities upgraded shares of PriceSmart from a “market perform” rating to an “outperform” rating in a report on Friday, December 29th. Zacks Investment Research upgraded shares of PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Saturday, January 13th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Scotiabank downgraded shares of PriceSmart to a “hold” rating and set a $90.00 price target on the stock. in a report on Friday, January 5th.
In related news, COO William J. Naylon sold 2,400 shares of PriceSmart stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total transaction of $192,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jose Luis Laparte sold 12,772 shares of PriceSmart stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $82.58, for a total transaction of $1,054,711.76. The disclosure for this sale can be found here. Insiders sold a total of 43,383 shares of company stock valued at $3,549,061 over the last three months. Corporate insiders own 28.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in PSMT. Citigroup Inc. raised its position in shares of PriceSmart by 18.5% in the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after buying an additional 220 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of 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 during the period. Ameritas Investment Partners Inc. boosted its position in PriceSmart by 12.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after acquiring an additional 210 shares during the period. SG Americas Securities LLC acquired a new stake in PriceSmart during the 4th quarter worth about $186,000. Finally, Advisor Group Inc. boosted its position in PriceSmart by 1.6% during the 2nd quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock worth $213,000 after acquiring an additional 39 shares during the period. 72.91% of the stock is owned by hedge funds and other institutional investors.
PriceSmart (PSMT) traded down $0.85 during mid-day trading on Tuesday, reaching $83.90. 166,464 shares of the company were exchanged, compared to its average volume of 217,492. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.00. The company has a market capitalization of $2,550.90, a P/E ratio of 28.93 and a beta of 1.29. 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 (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $767.10 million during the quarter, compared to the consensus estimate of $764.67 million. During the same period in the previous year, the company earned $0.82 earnings per share. PriceSmart’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts anticipate that PriceSmart will post 3.2 earnings per share for the current year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s payout ratio is currently 24.14%.
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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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